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

Offtake in FCI wheat public sale jumps to 96%, complete gross sales prime 8 million tonnes

The common value of wheat within the Meals Company of India (FCI) e-auction on Wednesday dominated flat although the offtake elevated to 96 per cent from 94 per cent the earlier week, which signifies demand will stay sturdy till the subsequent crop begins arriving round mid-March. To date, the federal government has bought 8.004 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