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Centre tweaks FCI funding, helping it to go debt free

FCI has long been resorting to external borrowings to maintain food reserves, fund its purchases of grains from farmers and redistribute them to 800 million beneficiaries free of cost

Depending on disposal of cereal stocks and various other costs, the FCI provides finance ministry with its financial requirement every week, based on which funds are released. (Reuters)
Updated on Jul 09, 2024 05:56 AM IST

Record rice stocks may prompt higher public distribution

India's rice stocks are at a record high, nearly four times the target, prompting government action to reduce inventory amid expectations of a strong crop.

The government is required to have 13.5 million tonnes of rice as buffer stock beginning July 1 (Bloomberg)
Updated on May 28, 2024 01:24 AM IST
By, New Delhi

Ludhiana: 3 FCI officials among 4 in CBI net on graft charges

A case was registered on May 21 by the CBI against manager (quality) and a technical assistant of the FCI, Mullanpur Dhaka, on allegations that the manager (quality) and two technical assistants demanded a bribe of ₹1.05 lakh from the complainant in lieu of passing consignments of his rice mill.

The Central Bureau of Investigation (CBI) has apprehended four persons, manager (quality) and two technical assistants of the FCI, Mullanpur Dhaka, Ludhiana, and a private person in a <span class='webrupee'>₹</span>50,000 bribery case. (REUTERS File/ Representational image)
Updated on May 23, 2024 07:22 AM IST
By, Ludhiana

State agencies burdened due to farmers, arhtiyas’ FCI boycott in Moga

The arhtiyas had announced a boycott of FCI to protest against the deduction in the per quintal commission, following which farmers also boycotted the Adani Group-owned storage unit at Moga

FCI, the central agency witnessed no direct procurement, putting the entire onus of procuring the grain on state agencies. (HT Photo)
Updated on Apr 29, 2024 09:30 AM IST
By, Faridkot

FCI allows Punjab to use open plinths for wheat storage for the last time

The FCI gave a leeway due to lack of storage space even as the Centre has mandated storage of food grains in covered godowns to save grains from the vagaries of the weather.

Labourers rest on sacks of wheat at Bhagtanwala Grain market in Amritsar (HT)
Updated on Mar 30, 2024 08:28 AM IST
By, Chandigarh
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