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After farmers decried long delays in procurement of food grains harvested by them in the recently concluded Yasangi (Rabi), the Civil Supplies department launched an action plan titled ‘MISSION K-100’ on Wednesday, to resolve logistical and financial bottlenecks before the kharif harvest arrives at grain procurement centres. It is designed to accelerate stock clearance and…
The Food Corporation of India (FCI) is set to raise short-term debt of ₹50,000 crore from scheduled banks for a three-month tenure, with a green shoe option to mop up an additional ₹25,000 crore, a senior government official said on Monday. The funds are being raised to bridge cash flow mismatches arising from procurement and…
Read More “FCI to raise ₹50,000 crore short-term loan for foodgrain operations” »
The recent controversy in Tamil Nadu over paddy procurement during the short-term kuruvai season has only strengthened the need for a relook at the procurement system of foodgrains as a whole. In this case — as in many States — the Tamil Nadu Civil Supplies Corporation (TNCSC), which procures paddy on behalf of the Food…
A worker removing weeds from a maize field near Kanchikacherla in NTR district in 2024. | Photo Credit: RAO G.N. The story so far: Union Minister Nitin Gadkari said that India will achieve its target of 20% ethanol blending of petrol in the next two months, at least a year ahead of what was originally…
Read More “How will the govt. produce the required fuel ethanol? | Explained” »
Amid the heat of the ongoing Lok Sabha electioneering, the Centre has announced plans to significantly increase wheat purchase from non-traditional States of Uttar Pradesh, Rajasthan and Bihar and set a target of seven-fold jump in procurement to 50 lakh tonnes in the ongoing 2024-25 marketing year. Further, even as the ban on outbound shipments…
File photo | Photo Credit: SRINATH M The government has increased the authorised capital of state-run Food Corporation of India (FCI) from ₹10,000 crore to ₹21,000 crore to enhance the operational capabilities and fulfill its mandate effectively, the Food Ministry said on February 17. FCI is the central government’s nodal agency that undertakes the procurement…
Read More “Govt raises authorised capital of FCI from Rs 10,000 cr to Rs 21,000 cr” »
Union Minister of Consumer Affairs, Food and Public Distribution Piyush Goyal addresses virtually during the 60th Foundation Day celebration of the Food Corporation of India (FCI), in New Delhi on Sunday. Secretary, Department of Food and Public Distribution, Sanjeev Chopra, and CMD Food Corporation of India (FCI) Ashok k.k. Meena are also seen. | Photo…
Read More “Goyal asks FCI officers to turn whistleblowers to curb corruption” »
The Union Food Ministry indicated that it is willing to make changes to the Open Market Sales Scheme after the first e-auction of rice | Photo Credit: SHIV KUMAR PUSHPAKAR As the Congress attacked the Centre on Monday over the reluctance of private players to auction rice from the Food Corporation of India (FCI) under…
Read More “Food Ministry indicates willingness to tweak OMSS after lukewarm response” »
The story so far: On September 9, the Centre instituted a ban on the export of broken rice. Additionally, it mandated an export duty of 20% on rice in husk (paddy or rough), husked (brown rice) and semi-milled or wholly-milled rice. The measures do not affect export of basmati or parboiled rice. The Secretary at…
Read More “Explained | The ban on the export of broken rice” »
