Page 5 - Fci

What did FCI do differently this season to push wheat procurement?

Experts point to three major initiatives that led to a bumper purchase and laid the foundation for deeper and more structural reforms in the annual grain procurement process

Centre surpasses its revenue targets but higher food subsidy cancels gains

While govt made Rs 1.16 trn more revenue, it spent Rs 1.18 trn more on food subsidy too. But it can be said that the govt used the gains it made to settle FCI arrears once and for all

60% of govt 'spending spree' inevitably goes towards committed outlay

With schemes like MGNREGA and cash support via PM-KISAN given priority in allocation from the remainder, govt is forced to dip into capital receipts from disinvestment and borrow from the market

Can FCI's subsidy wipe-out serve as a base for deeper food subsidy reforms?

If clearing of FCI's outstanding dues and loans does not spur further reforms, they will once again reach current levels in the next 4-5 years, say experts

FCI will have just Rs 59K cr of NSSF loans by FY22-end: Expenditure secy

Lower loans will decrease FCI's interest burden by Rs 17,000-18,000 crore annually, say officials

Govt asks FCI to tie up with rice mills to boost supply of fortified rice

The government on Tuesday said state-run Food Corporation of India (FCI) has been asked to tie up with rice mills for increasing supply of fortified rice via ration shops and other welfare schemes

FCI, state procurement agencies purchase 4.85 mn tonnes of paddy so far

FCI and state procurement agencies have purchased 4.85 mn tonnes of paddy till Monday at the minimum support price (MSP) for over Rs 9,000 crore, the government said on Tuesday.

Centre's Garib Kalyan Scheme and the reality of a burgeoning subsidy bill

While govt would have saved Rs 18,000 cr by distributing 33 mn tonnes of grains that would otherwise have gone waste, its subsidy payout amounts to Rs 45,000 cr

Flour millers urge govt to cut in wheat sale price from FCI stocks

They say that it will bring down prices of atta and packaged food such as biscuits

Lockdown helps faster delivery of foodgrain by Food Corporation of India

In 11 days, corporation moved three times more grain than the same period last year

Budget 2020: Borrowings by FCI will rise 24% to Rs 1.36 trillion

This includes loans from NSSF at Rs 1.36 trillion

FCI asks Kerala to pay Rs 205 crore for rice allotted as flood relief

The Centre had approved the release of Rs 5,908.56 crore to seven states, including Uttar Pradesh, Karnataka and Assam, as assistance for the damage caused due to various calamities last year

Govt may ask FCI to sell 1.5 MT broken rice for grain-based biodiesel units

Move to dispose of 1.5 mt of broken rice will partly address concern of grain-based distillery capacities remaining idle

FCI raises Rs 8,000 cr on BSE BOND platform, gets Rs 20,071.2 cr in bids

In total, 247 bids for Rs 20,071.2 crore were received on BSE BOND Platform, which is the second highest bids ever received for yield based bidding, the exchange said in a statement

15.05 lakh ton wheat and rice sold in open market till Nov 20: Govt

The government, through the FCI, sells wheat and rice to bulk consumer/traders/state governments from the central pool at pre-determined prices in the open market from time to time

Govt hikes Food Corporation capital to Rs 10,000 cr to help it manage stock

The FCI, the nodal agency for procurement and distribution of foodgrain, will now be able to reduce debt and interest cost

Food Corporation of India has borrowed Rs 2.19 trn till Oct-end, says govt

For 2019-20, the budget estimate for the FCI is Rs 1,51,000 crore, of which Rs 1,06,000 crore has been released till November 15, he added.

FCI's rising debt stock

India's food management system needs a revamp

FCI to be under a pile of Rs 3.3 trn outstanding subsidy and loans by FY20

This even if government clears all its allocated subsidy for 2019-20

Time to do away with fiscal responsibility law? No virtue in stipulating 3%

Target years for reaching the desired fiscal deficit are pushed back; and when FMs are unable to get close to targets, they fudge the books and push the burden on to hapless PSUs, writes T N Ninan