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Govt releases Rs 25,800-crore food subsidy to FCI

The govt has earmarked Rs 1,34,835 crore as food subsidy for 2016-17

BS Reporter  |  New Delhi 

The Centre has released Rs 25,834 crore as food subsidy to the Food Corporation of India (FCI), which will help in smooth procurement and distribution of grains, the food ministry said on Tuesday. The government has earmarked Rs 1,34,835 crore as food subsidy for 2016-17. FCI faced a subsidy arrear of Rs 58,650 crore till March 2016. In addition, the government will shortly release a wage and means advance of Rs 10,000 crore to FCI. The Corporation is also raising short-term loans up to Rs 30,000 crore from banks. Recourse to these loans will be made by FCI as and when required, it ...

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Govt releases Rs 25,800-crore food subsidy to FCI

The govt has earmarked Rs 1,34,835 crore as food subsidy for 2016-17

The govt has earmarked Rs 1,34,835 crore as food subsidy for 2016-17 The Centre has released Rs 25,834 crore as food subsidy to the Food Corporation of India (FCI), which will help in smooth procurement and distribution of grains, the food ministry said on Tuesday. The government has earmarked Rs 1,34,835 crore as food subsidy for 2016-17. FCI faced a subsidy arrear of Rs 58,650 crore till March 2016. In addition, the government will shortly release a wage and means advance of Rs 10,000 crore to FCI. The Corporation is also raising short-term loans up to Rs 30,000 crore from banks. Recourse to these loans will be made by FCI as and when required, it ... image
Business Standard
177 22

Govt releases Rs 25,800-crore food subsidy to FCI

The govt has earmarked Rs 1,34,835 crore as food subsidy for 2016-17

The Centre has released Rs 25,834 crore as food subsidy to the Food Corporation of India (FCI), which will help in smooth procurement and distribution of grains, the food ministry said on Tuesday. The government has earmarked Rs 1,34,835 crore as food subsidy for 2016-17. FCI faced a subsidy arrear of Rs 58,650 crore till March 2016. In addition, the government will shortly release a wage and means advance of Rs 10,000 crore to FCI. The Corporation is also raising short-term loans up to Rs 30,000 crore from banks. Recourse to these loans will be made by FCI as and when required, it ...

image
Business Standard
177 22