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FCI raises short-term loan of Rs 20,000 cr

FCI raises short-term loan of Rs 20,000 cr

Last Updated: Monday, July 28, 2014, 15:48

The loan has been raised from various banks at interest rates in the range of 9.95-10.25 percent, sources said.

CCEA likely to discuss tomorrow 10 mn tonnes open market wheat sale

Last Updated: Tuesday, July 22, 2014, 23:18

To check price rise, the Cabinet Committee on Economic Affairs (CCEA) is likely to discuss Wednesday a proposal to sell 10 million tonnes of wheat from FCI stocks in the open market.

FCI invites bids for short-term loan of Rs 20,000 crore

Last Updated: Thursday, July 17, 2014, 17:27

Amid rising food subsidy arrears, the Food Corporation of India (FCI) for the second time this fiscal has floated a tender inviting bids for short-term loan of Rs 20,000 crore for smooth procurement and distribution of food grains.

Wheat procurement in Haryana up 11% to 64.83 lakh tonnes

Last Updated: Saturday, May 24, 2014, 19:57

Wheat procurement in Haryana rose 11 percent to 64.83 lakh tonnes (MT) during the current procurement season.

FCI earns Rs 9,310-cr by selling 5.8 MT of wheat under OMSS

Last Updated: Sunday, April 27, 2014, 13:53

State-owned Food Corporation of India (FCI) has earned Rs 9,310 crore by selling wheat under the open market sale scheme (OMSS) in 2013-14.

FCI invites bids for short term loan of Rs 20K cr

Last Updated: Friday, April 25, 2014, 16:32

Facing liquidity crunch, the Food Corporation of India has floated a tender inviting bids for short term loan of Rs 20,000 crore to meet the working capital requirements.

India wasted 1.94 lac MT foodgrain between 2005-13: RTI report

Last Updated: Wednesday, February 12, 2014, 17:53

As much as 1,94,502 metric tonnes of food grain worth crores of rupees was wasted in India due to various reasons between 2005 and March 2013.

FCI slackens its procurement operations: Par committee

Last Updated: Monday, February 10, 2014, 19:56

"The committee's examination of the FCI reveals that FCI has slackened its procurement activity considerably, with the introduction of DCP scheme," the report said.

FCI seeks govt nod to raise Rs 8,000 crore through bonds

Last Updated: Sunday, December 22, 2013, 13:10

The corporation had approached the ministry a few months ago with a similar proposal, but it failed to get the nod for issuing long-term bonds.

FCI expects to earn Rs 3,400 cr from wheat exports

Last Updated: Tuesday, December 17, 2013, 17:36

In August, the CCEA had allowed 20 lakh tonne (LT) of wheat exports from FCI's godowns in 2013-14 fiscal through public sector trading firms such as STC, PEC and MMTC.

Govt sells 1.8 mn tonnes wheat to bulk buyers under OMSS so far

Last Updated: Tuesday, December 10, 2013, 14:24

Government has so far sold 1.8 million tonnes of wheat to bulk buyers such as floor millers and traders under the Open Market Sale Scheme (OMSS).

Arunachal district faces food crisis

Last Updated: Monday, November 11, 2013, 12:30

Kurung Kumey district of Arunachal Pradesh is facing a food crisis with no stock of rice in the sub-depot at Ziro of the Food Corporation of India, an official said today.