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Rising prices of cereals and concerns over rice production in the 2023-2024 crop year due to insufficient rains followed by floods could be the possible causes.
'The corruption charges in FCI are not the first and won't be the last.'
'We are Indians irrespective whether we are Punjabi, Gujarati, Bengali, Malayali or Tamilian.' 'I am the best example of this integration.'
This is the highest in the past five years and almost 24 per cent more than last year.
With grain procurement target significantly higher, FCI is faced with storage space shortage.
To augment its storage capacity, Reliance Retail is seeking to hire capacity with the government-owned Food Corporation of India. This has been complemented by low foodgrain stocks with FCI and the surplus storage capacity.
As a panel of senior ministers deliberates on the need to review curbs on exports of some rice varieties, data shows that since outbound shipments saw restrictions in July-August last year, the non-basmati segment has suffered more than basmati exports. Sources said the panel is expected to soon deliberate on a few suggestions to ease the export curbs on some rice varieties due to higher-than-required stocks in the central pool. The panel, some observers feel, may also postpone the decision to ease the export curbs till a firm picture emerges on the latest kharif paddy sowing.
The government is expected to issue early next fiscal grain-bonds worth Rs 5,000 crore (Rs 50 billion) for raising funds for procurement operations of Food Corporation of India.
Wants to gear up for implementation of the proposed Food Security Act.
Under the current payment system in Punjab, FCI issues cheque to commission agents better known as 'Arthiyas' and thereafter the commission agent make payment to farmers in return of crop purchase.
Might earn around Rs 3,720 crore on export of 2 mt of wheat, despite dipping prices in international markets
The central government on Thursday ruled out the restructuring of the Food Corporation of India and instead asked the states to remove the shortcomings in the public distribution system.\n\n
Crisil Ltd on Tuesday said the Centre's sops to Food Corporation of India including cut in interest rate on bank loans to FCI by 1.5%, will negatively impact the bottom line of public sector banks pulling down pretax-profit by 4.5% in the near term.
"We will fill-up approximately 9,000 posts in various categories in next three years," FCI Chairman and Managing Director Siraj Hussain said during the launch of the revamped website of the organisation.
About 110 tonnes had been loaded additionally in the 55 goods wagons.
The fund allocated for pulses buffer is more than 40% of entire farm ministry's 2016-17 budget.
In a significant move, the government said it will allow grains-behemoth Food Corporation of India to borrow money from the market, Finance Minister Jaswant Singh said on Friday.
To ensure effective distribution and supply of foodgrains through rations shops, the food ministry has called for creating advisory committees of experts in places where godowns of Food Corporation of India (FCI) and other state agencies are located.
The agitation against ration dealers broke out in Bankura district on September 16 and spread to Birbhum, Burdwan and Mushidabad districts claiming five lives, including two in police firing. The FCI CMD said the offtake (lifting the foodgrain) of the state was lower against the Central allocation during August and September. He said the attack on ration dealers may be because of some other reasons.
FCI OEN Connectors Ltd said it will sell its investment of 2,00,000 shares in subsidiary OCL Interconnection Systems Ltd to Souriau, France.
Central Bureau of Investigation Monday conducted raids at 11 places in four states on officials of the Food Corporation of India for allegedly procuring substandard rice and causing a huge loss to the exchequer.
The government had banned wheat exports in February 2007 and shipments of non-basmati rice in April 2008 to control inflation.
the staff and officials of the FCI in the region were 'very anxious and anguished' over the development.
The National Spot Exchange Ltd has urged the government's Food Corporation of India to reduce the permitted price if it wishes wheat to be auctioned under the government's Open Market Sales Scheme.
"We are not satisfied with the sluggish pace of investigation by the CBI into abduction and killing of my father. We have serious doubts that some influential quarters may try to derail the investigation. So, we have decided to move the high court requesting it to review the progress of investigation," said Praveen Kumar Gautom, son of the slain FCI official.
Chief Minister Siddaramaiah after a Cabinet meeting here on Wednesday said that the government has decided to go for open market tender to procure rice, whose process will start from Thursday.
Is it a case of poor targeting of a welfare scheme, or is it a reflection of the government's desire to expand the scope of this benefit to secure greater electoral dividends? asks A K Bhattacharya.
There has not been a large impact of untimely rain and hailstorm so far in several major wheat-growing areas, and those might have damaged around 3 per cent of the standing crop -- not enough to make a big dent in the expected 112 million tonnes of production in FY24, a senior government official said on Tuesday. Relentless rain pounded most North Indian states all through March. Separately, the chairman of Food Corporation of India (FCI), Ashok K Meena, told reporters the agency was on track to achieve the targeted 34 million tonnes of procurement in FY24 on the back of a strong start to the purchase season from Madhya Pradesh.
The chief minister met Shah on Wednesday night and held discussions regarding the supply of rice to the state, for its Anna Bhagya scheme, which provides an additional 5 kg of rice for each member of below poverty line families.
India has put curbs on wheat exports through the government route, starting November last year. This comes amid a surge in domestic prices of the cereal. In December, India exported 391 tonnes of wheat to Bangladesh and Bhutan. In November 2022, it had exported 375 tonnes of wheat only to Bhutan.
Sitharaman does away with loans from National Small Savings Fund to Food Corporation of India.
The protesting farmers celebrated Holi at the borders and maintained that their agitation will continue till the farm laws are repealed and a separate law on minimum support price is enacted, it said in a statement.
The government has no plans to import wheat as it has sufficient stocks to meet the country's requirements, official sources said. The Food Corporation of India (FCI) has enough stock for public distribution, they added. "There are no plans to import wheat into India. "The country has sufficient stocks to meet our domestic requirements," a source said.
Karnataka Chief Minister Siddaramaiah on Monday launched payment of cash in lieu of the additional 5 kg of rice to beneficiaries under the government's 'Anna Bhagya' scheme.
The government's food subsidy in the ongoing fiscal year is expected to be a little less than Rs 4 trillion.
The injured FCI employees were identified as Purna Sharma and Ratneswar Rabha who were immediately rushed to Guwahati Medical College Hospital. It is the biggest FCI warehouse in the region with a capacity of 23000 MT.
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