Pvt firms to buy 10 lakh tons rice in UP, other states: Food Corporation of India
Pvt firms to buy 10 lakh tons rice in UP, other states: Food Corporation of India

 State-run Food Corporation of India (FCI) has decided to allow private players to purchase about 10 lakh tonnes of kharif rice in Uttar Pradesh and some eastern states in the ongoing procurement season.

Govt to rope in private players for kharif rice procurement

Faced with inadequate storage facility, the Centre has decided to engage private players during the current kharif season for procurement of rice in Uttar Pradesh and four other eastern states.

Food Corporation gets Rs 13,000 cr as food subsidy from govt

To ensure smooth procurement and distribution of grains, the government has released Rs 13,000 crore as food subsidy to state-owned Food Corporation of India (FCI).

FCI moots proposal to raise Rs 40,000 cr via bonds from LIC

"These are specially designed bonds meant for LIC to liquidate subsidy arrears due from the government to FCI," source said.

FCI to enhance wheat procurement in eastern states

He said FCI has put all efforts to enhance the procurement of wheat and during RMS 2015-16, 21 lakh MT of wheat has been procured till date from 3.70 lakh farmers at MSP.

Interests of farmers, consumers high on agenda: Paswan

Food and Consumer Affairs Minister Ram Vilas Paswan said on Monday that interests of farmers and consumers were high on the government agenda.

States not in favour of uniform tax on wheat/rice: Food Ministry

"We have discussed the matter with state governments. They have not agreed on uniform taxation. So, it is not possible to implement this recommendation of the panel," a senior Food Ministry official told PTI.

Centre to reimburse 6 states amount of value-cut for wheat

The move is aimed at ensuring that wheat farmers get the full minimum support price (MSP) of Rs 1,450 per quintal.

FCI to sell wheat in open market to non-procuring states in FY16

The government has decided to sell undisclosed quantity of FCI wheat in the open market throughout the year in 2015-16 fiscal to bulk consumers in non-wheat procuring states.

FCI asks NE states to set up market yards, milling capacity

To expand the reach of minimum support price mechanism in North-Eastern region, the Food Corporation of India (FCI) has asked these states to set up market yards infrastructure and milling capacity with the help of private sector.

Govt fixes wheat procurement target at 30 million tonnes

Government today fixed wheat procurement target at 30.05 million tonnes during the marketing year starting April as against 28 million tonnes purchased by FCI during this year.

Govt can save over Rs 30,000 crore food subsidy with FCI rejig

Government's food subsidy bill can come down by over Rs 30,000 crore a year by reducing coverage of beneficiaries to 40 percent under the food law and outsourcing major work of FCI to states governments and private players, a high-level panel said Thursday.

FCI rejig: Panel for direct cash transfer of food subsidy

After oil, a cut in food subsidy is on the anvil as a high-level panel Wednesday suggested giving cash to beneficiaries and shifting rice and wheat procurement to states that do not have provisions for administered purchase price.

FCI rejig: Panel submits report, PM asks for FoodMin views

Prime Minister Narendra Modi Wednesday asked the food ministry to expeditiously give its comments on the FCI restructuring plan proposed by a high- level committee headed by BJP MP Shanta Kumar.

FCI invites bids to raise Rs 20,000 cr short-term loan

The fund would be utilised to meet its short term fund requirement for procurement and distribution of food grains, the tender document said.

Rice procurement down by 8% this year so far

Rice procurement by government agencies is lagging behind by 8 percent at 9.2 million tonnes in the ongoing 2014-15 marketing year so far from the last year's level of 10 million tonnes during the same period.

Paswan asks FCI staff to give 100 hrs/year to 'Swachh Bharat'

Initiating a campaign under 'Swachh Bharat Mission', Food Minister Ram Vilas Paswan Monday appealed to employees of state-run FCI to dedicate 100 hours every year to keep cities and towns clean.

Matteo Rabottini pulled from Italy squad after positive test

Italian Matteo Rabottini has been excluded from his national squad for the upcoming world cycling championships following a positive test for a banned blood booster, the Italian cycling federation (FCI) said.

FCI to invite suggestions on its restructuring

The high level committee, set up to recommend ways to restructure state-run FCI, Monday decided to invite suggestions from public and stakeholders, including private sector firms, on management of foodgrains.

Committee on FCI restructuring to hold first meeting on Sep 8

"The meeting of the committee has been scheduled on September 8. It will discuss the overhauling of the FCI, which is plagued by functional and cost inefficiencies," Food Minister Ram Vilas Paswan said.