Page 4 - Fci
FCI stares at storage space shortage
After two years of smooth functioning due to lower quantity of grain procurement, storage issue might spark at the government owned Food Corporation of India (FCI) once again due to a sharp increase in the target of wheat purchase for rabi harvesting season this year.The Ministry of Consumer Affairs, Food and Public Distribution in a statement on February 15 set a target of 33 million for wheat procurement for the marketing season 2017-18 (beginning April 2017), a 33 per cent increase from the previous year's actual procurement of 22.96 million tonnes. While the target is fixed for the entire year, much of its procurement is done in the first three months between April and June.Similarly, for the kharif marketing season 2016-17, government agencies including the FCI and state government's warehousing companies have accumulatively procured a total 43.71 million tonnes of paddy by Feb 15, 2017. Apart from that, the FCI in association with Small Farmers' Agribusiness Consortium (SFAC) ...
 "FCI stares at storage space shortage")
Cabinet clears Rs 45,000 cr loan to FCI from Small Savings Fund
Repayment obligation of the FCI will be treated as the first charge on food subsidy released to FCI
 "Cabinet clears Rs 45,000 cr loan to FCI from Small Savings Fund")
FCI finalises bid for construction of 27 silos food grain storage
FCI is set to get 1.35 million tonnes of additional capacity of food grains storage in two years
 "FCI finalises bid for construction of 27 silos food grain storage")
FCI sells 24.61 lakh tonnes wheat in Apr-Sep under OMSS
In the entire last fiscal 2015-16, FCI had offloaded about 70 lakh tonnes of wheat under the scheme
 "FCI sells 24.61 lakh tonnes wheat in Apr-Sep under OMSS")
FCI restricts wheat sale to bulk buyers to 2,000 tonnes
Aim is to ensure against hoarding by bulk buyers, with apprehension of a repeat on what had happened with pulses last year
 "FCI restricts wheat sale to bulk buyers to 2,000 tonnes")
Pension okayed for FCI staff
The entire expenditure for the pension and medical scheme would be borne from the savings of FCI over the past 3-4 years
FCI to raise Rs 20,000 cr short-term loan
Corporation is raising a loan because its subsidy arrears have touched Rs 58,650 crore, as on March 31
 "FCI to raise Rs 20,000 cr short-term loan")
FCI inks pact with Adani Group
The two silos would have a combined storage capacity of 75,000 tonnes
