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food corporation of india
]Latest from food corporation of india
Centre tweaks FCI funding, helping it to go debt free
FCI has long been resorting to external borrowings to maintain food reserves, fund its purchases of grains from farmers and redistribute them to 800 million beneficiaries free of cost
![Depending on disposal of cereal stocks and various other costs, the FCI provides finance ministry with its financial requirement every week, based on which funds are released. (Reuters) Depending on disposal of cereal stocks and various other costs, the FCI provides finance ministry with its financial requirement every week, based on which funds are released. (Reuters)](https://images.hindustantimes.com/img/2024/07/08/150x84/Depending-on-disposal-of-cereal-stocks-and-various_1720463068203.jpg)
B’shahr grain black marketing: Senior officials under scanner
A senior government official said the state authorities had ordered probe into the role of other officers responsible for the black marketing . He said such a big fraud of black-marketing of 3000 quintals food grains could not be take place without the connivance of district level officials or perhaps it was sheer negligence on their part .
![The state government on Wednesday suspended several officials in connection with the fraud. (Pic for representation) The state government on Wednesday suspended several officials in connection with the fraud. (Pic for representation)](https://www.hindustantimes.com/ht-img/img/2024/06/06/150x84/The-state-government-on-Wednesday-suspended-severa_1717695073829.jpg)
Wheat procurement sufficient for food-security schemes: Govt
Sufficient procurement is critical this year to help India, also the world’s second biggest wheat consumer, replenish depleted stocks, which have hit a 16-year-low
![Procurement refers to purchases of grains by the Food Corporation of India (FCI), the Centre’s main grain-handling agency, at federally determined floor prices (HT) Procurement refers to purchases of grains by the Food Corporation of India (FCI), the Centre’s main grain-handling agency, at federally determined floor prices (HT)](https://www.hindustantimes.com/ht-img/img/2024/04/30/150x84/Procurement-refers-to-purchases-of-grains-by-the-F_1714503352415.jpg)
State agencies burdened due to farmers, arhtiyas’ FCI boycott in Moga
The arhtiyas had announced a boycott of FCI to protest against the deduction in the per quintal commission, following which farmers also boycotted the Adani Group-owned storage unit at Moga
![FCI, the central agency witnessed no direct procurement, putting the entire onus of procuring the grain on state agencies. (HT Photo) FCI, the central agency witnessed no direct procurement, putting the entire onus of procuring the grain on state agencies. (HT Photo)](https://www.hindustantimes.com/ht-img/img/2024/04/29/150x84/FCI--the-central-agency-witnessed-no-direct-procur_1714363182681.jpg)
A push for FCI modernisation
Injection of funds can improve the efficiency of food procurement and distribution system
![FCI, a state-owned corporation through which 70% of federal food subsidies are routed, is critical for the country’s food security as it procures millions of tonnes of farm produce at federally fixed minimum support prices (HT File) FCI, a state-owned corporation through which 70% of federal food subsidies are routed, is critical for the country’s food security as it procures millions of tonnes of farm produce at federally fixed minimum support prices (HT File)](https://www.hindustantimes.com/ht-img/img/2024/04/22/148x111/The-Centre-requested-the-state-government-and-the-_1695236235421_1713806804182.jpg)