Page 5 - Food Corporation Of India

32% of FCI's FY21 wheat procurement cost to be mandi taxes, middlemen fee

The other components are poo­led cost of grains and distribution cost that includes freight, handling, and storage, etc

Immediate paddy procurement at MSP in Punjab, Haryana amid farm bill stir

The official reason given by Centre is that procurement had to start early in the wake of early arrival of the kharif crop in the two states

MSP procurement of kharif paddy begins immediately in Punjab, Haryana: Govt

According to the ministry, state procuring agencies including Food Corporation of India (FCI) are in a state of readiness for smoothly undertaking procurement operations

Firms raising 3-month money at much lower than RBI's overnight rates

Even as FCI is raising Rs 75,000 cr for three months at 4.69%, companies are regularly tapping bond market for the same tenure at as low as 3.2%, way lower than RBI's repo rate of 4%

Tweak FCI's procurement strategies to boost rice exports: Expert panel

Rice is among the biggest agriculture exports from India along with buffalo meat and cotton

Committee on Public Undertakings to examine AAI, NBCC among others

11 issues have been chosen for Comprehensive Examination, eight for horizontal study and five subjects for audit based purposes

Financing the food chain: Challenges to ensure India remains hunger-free

The govt will face unprecedented budgetary challenges to ensure India remains hunger-free

Ratio of India's public debt to GDP likely to scale a new high in FY21

According to the Reserve Bank of India (RBI) data, the combined liabilities of the Centre and the state governments were around Rs 147 trillion at the end of March 2020

Foodgrain stocks top 100 million tonnes, triggering calls for liquidation

The massive build-up could also pose a grave storage challenge as the monsoon keeps advancing.

States fear losing revenue once agriculture market reforms kick in

The first of a two-part series looks at why states such as Punjab, which depend on taxes levied on mandi transactions, are disgruntled

Covid-19 lockdown: Farmers gather record wheat crop, but cannot move it

The country-wide lockdown has led to a labour shortage across rural India, crimping the harvest and preventing the bagging and movement of it

Decentralise relief policy

Regional diversity in policy measures to deal with the coronavirus challenge and its economic fallout is essential for India

The lull before the storm

Starvation deaths post-Covid are likely to gallop in India's most vulnerable states unless the Centre steps in

Centre permits conversion of surplus rice to ethanol for hand sanitisers

Move will lead to use of part of a stockpile of 30.57 million tonnes, which is almost 126% more than the buffer stock and strategic requirement norms

Shipment of foodgrain, flour, and pulses grow 148% in first week of FY21

Except for foodgrain, flour and pulses, transport of all other commodities showed negative growth

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

Coronavirus: FCI ramps up foodgrain supplies across country during lockdown

The FCI is conducting e-auction under Open Market Sales Scheme for providing wheat to the empanelled roller flour mills/state government to ease the supply constraint in the market

Covid-19 shouldn't be used as an argument to raise buffer stocking norms

The controversial overflowing granaries have come in handy to feed the poor during the Covid-19 lockdown. But should that be used as an argument to raise buffer stocking norms?

Coronavirus outbreak: States can borrow three months' ration from FCI

The move will help states distribute foodgrains free of cost to the poor and vulnerable sections impacted by the COVID-19

Towards transparency

Disclosure of extra-budgetary borrowings is a prudent move