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Govt sets up high-level panel to look into FCI restructuring

Last Updated: Wednesday, August 20, 2014, 19:53

With a view to remove functional and cost inefficiencies at Food Corporation of India, the government on Wednesday set up a high-level committee to suggest various models to restructure the state-run entity which plays a key role in strengthening public distribution system (PDS).

Co-driver of Bangladeshi truck goes missing in Tripura

Last Updated: Tuesday, August 19, 2014, 12:02

A co-driver of a Bangladeshi truck, carrying rice from Ashuganj port of that country to Tripura, has gone missing in Agartala, police said.

Cash-starved FCI asks govt to clear Rs 50,000 cr dues

Last Updated: Monday, August 18, 2014, 20:35

Faced with liquidity crunch, state-run Food Corporation of India (FCI) has asked government to clear dues of Rs 50,000 crore in a phased manner.

PM announces Rs 8,000 crore for building roads in J&K

Last Updated: Tuesday, August 12, 2014, 18:55

Prime Minister Narendra Modi today announced a package of Rs 8,000 crore for building of roads in Jammu and Kashmir and waiver of Rs 60 crore in interest owed by the state government to the Food Corporation of India.

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.