Page 6 - Food Corporation Of India

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

This includes loans from NSSF at Rs 1.36 trillion

Budgetary over-reach: There is a price for trying to do too much in Budgets

The larger economy suffers more than the central govt, as New Delhi is allowed to get away with behaving arbitrarily and then hiding the reality behind bogus numbers, writes T N Ninan

Revamp of subsidy regime likely to be in focus in FM Sitharaman's Budget

As of now, the proposal on the table is to consider direct benefit transfer to farmers for food and fertilizer subsidies, sources said

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

How should the government revive demand?

What happens when, with government expenditure unchanged at Rs 65 trillion, the FM decides to reduce the tax rate, mobilise less revenue and let the deficit widen by Rs 1 trillion?

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

Cereal prices move up on lower Kharif output, changing consumption patterns

Huge stocks lying with FCI limit increase in rice, wheat prices; coarse grains costlier by up to 16% during the past one month

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.

Govt panel reiterates need to review open-ended grain procurement policy

The policy has led to mounting food stocks and adversely affected crop diversification, says report

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

Govt to invest Rs 50 bn in Food Corporation of India in 2 years: Parl panel

The Corporation would further raise Rs 320 billion through government-guaranteed bonds

Grain procurement: Centre to raise FCI funding

To replace present bank credit arrangement with RBI advance for same amount, at less cost; should free some of banks' loanables