Food Corporation of India
Indian statutory body
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The Food Corporation of India (FCI) is a statutory body of the Government of India. It is under the ownership of Ministry of Consumer Affairs, Food and Public Distribution, formed by the enactment of Food Corporation Act, 1964 by the Parliament of India. Its top official is designated as Chairman and Managing Director, who is a central government civil servant of the IAS cadre. The corporation was set up in 1965 with its initial headquarters at Chennai. Later this was moved to New Delhi. It also has regional centers in state capitals.
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Reserve price of FCI-stored rice for ethanol production & state entitiesThe government has reduced the reserve price of rice stored with the Food Corporation of India by Rs 550 per quintal to Rs 2,250 per quintal for ethanol producers and states. This move aims to enhance..IndiaTimes - Published | |
Government to pump Rs 10k cr into FCI to help with working capital needThe Indian government approved a Rs 10,700 crore equity infusion into the Food Corporation of India (FCI) to cover working capital needs. This move aims to reduce FCI's interest burden by around Rs 800..IndiaTimes - Published | |
CCTVs off for 45 mins at Baramati EVM room: Supriya SuleSupriya Sule, the NCP (SCP) candidate from Baramati, raised a complaint on Monday. She mentioned that the CCTV cameras at the constituency's EVM strong at Food Corporation of India godown in Koregaon..IndiaTimes - Published | |
With 534 lakh tonnes, FCI rice stocks now at 4 times buffer requirementFCI struggles with surplus rice stock of 534 lakh tonnes, affecting procurement decisions. Govt must address surplus liquidation and distribution challenges to meet annual rice requirements for PMGKAY..IndiaTimes - Published | |
Government may sell FCI rice stock at a discount to fight price riseAs prices of rice continue to be a concern, government will take a call on selling packaged rice in retail market at a subsidised rate under the brand 'Bharat' in the next one week. "We are working on..IndiaTimes - Published | |
FCI to continue selling grains; wheat stock may be around the buffer norm in AprilState-owned Food Corporation of India (FCI) will continue selling rice and wheat in the open market as it has enough additional stock of both cereals than is required as per the buffer norm. However,..IndiaTimes - Published | |
Eye on 2024, Centre moves to curb prices of onion & sugarThe government has introduced new measures to control food prices and increase availability in the domestic market. These measures include a ban on onion exports, restrictions on sugar mills and..IndiaTimes - Published | |
Government may need to find ways to deal with rising surplus rice stockThe Indian government is expected to face an excess of rice stock, almost twice the buffer requirement, due to robust paddy procurement and limited sales from the Food Corporation of India (FCI). The..IndiaTimes - Published | |
Centre will continue to bar states from buying rice from FCI stockThe Centre will continue to not allow state governments to buy rice from its buffer stock held by the Food Corporation of India under the open market sale scheme, even as fresh procurement has started...IndiaTimes - Published | |
To check prices, govt to sell extra wheat & rice stocksAmid rising prices of wheat and atta (wheat flour), the central government on Wednesday announced that it would sell an additional 50 lakh tonnes of the foodgrain from the Food Corporation of India..IndiaTimes - Published | |
Centre claims backing of non-BJP states to stop sale of FCI riceIndiaTimes - Published | |
Govt to have 90L tonne surplus wheat stock for market interventionThe total stock of wheat with the Food Corporation of India (FCI) has touched 346 lakh tonne after the procurement of the fresh winter crop crossed 262 lakh tonne on Tuesday. This will put the..IndiaTimes - Published | |
Govt to sell buffer wheat stock every quarter to control priceThe government has decided to sell wheat from its stock in the open market every quarter, starting July, in its bid to check any rise in prices of the foodgrain, atta and other wheat products. Till now..IndiaTimes - Published | FCI corruption matter: CBI searches at 30 locations in PunjabIndiaTimes - Published |
CBI probes corruption in Food Corporation of India, searches 50 locationsIndiaTimes - Published | Food Corporation of India 'corruption': CBI raids 50 locations; DGM arrestedIndiaTimes - Published |
CBI raids 50 locations in Delhi, Punjab, Haryana in Food Corporation of India-linked corruption caseOn Tuesday, the CBI arrested one deputy general manager (DGM) when he was about to get a bribe of Rs 50,000 from one person in Punjab.DNA - Published | Free food plan will cut FCI wheat stock, hit scope for market interventionThe extension of PM Garib Kalyan Ann Yojna (PMGKAY) till December is likely to reduce the wheat stock with the Food Corporation of India (FCI) to around 140 lakh tonnes by January 2023, almost to the..IndiaTimes - Published |
Govt slashes wheat allocation for 10 states to tide over any crisisThe government on Friday reduced the wheat allocation by nearly 40% for 10 states under the food security scheme, NFSA, amid concerns over fall in wheat stock with Food Corporation of India (FCI). This..IndiaTimes - Published | Indian Railways cuts number of rakes meant for wheat exportsThe Indian Railways has reduced the number of rail rakes for wheat movement for export purposes to only nine per day compared to daily deployment of 15 such rakes till a few days back, sources said...IndiaTimes - Published |
