FCI wheat procurement picks up, nears 120 lakh tonnes

Wheat procurement within the nation reached 119.26 lakh tonnes (lt) till April 23, in opposition to 159.23 lt year-ago, official information present. Although there’s a drop in Punjab, as a lot as 31.64 lt was purchased in final six days from April 19 for the Central Pool inventory, which signifies that the procurement is again … Read more

Authorities raises authorised capital of FCI to ₹21,000 crore to satisfy mandate successfully

The federal government has elevated the authorised capital of the state-run Meals Company of India (FCI) from ₹10,000 crore to ₹21,000 crore to boost the operational capabilities and fulfill its mandate successfully, the Meals Ministry stated on Saturday. Additionally learn: Offtake in FCI wheat public sale jumps to 96%, whole gross sales prime 8 million … Read more

Govt mulls steps to curb rise in costs after poor offtake of rice from FCI

The Authorities is reportedly contemplating a couple of measures to examine rice costs, together with inventory restrict and retail gross sales at discounted charges., The Reserve Financial institution of India has flagged the problem as a priority. The Centre is mulling these measures following poor offtake of the grain within the weekly public sale on … Read more