Page 2 - Food Corporation Of India

Land lease continuity for Rail landholders, more clarity for Concor sale

Latest Railways circular also offers details on various terms of the new 'land lease policy' approved by Cabinet last month; existing landholders can extend their lease for up to another 35 years

Wheat prices head north with the advent of 'Navratri' festivities

Trade and market sources said wheat prices in wholesale markets of Delhi have risen by around Rs 40 per quintal since September 1

Govt to soon rope in private players for foodgrains procurement: Food secy

The Centre will soon invite private players along with Food Corporation of India and other state agencies to procure foodgrains for buffer stock, food secretary Sudhanshu Pandey said on Monday. He informed that the Union food ministry has already written to all the state governments regarding this. Addressing 82nd annual general meeting of Roller Flour Millers Federation of India, Pandey said that the Centre has given two clear messages to the state governments regarding procurement of foodgrains. One is that the Centre would provide up to 2 per cent incidental expenses on the procurement undertaken by the state governments. Second, it wants to rope in private sector to buy foodgrains for the central buffer stock with an aim to improve efficiency and reduce the cost of procurement, he said. "We also want to involve private sector in the procurement process. Why only FCI and state agencies should be procuring?" he asked. The secretary said in his recent visit to the International .

Centre says it has no plan to import wheat, sufficient stock available

Wheat production is estimated to have declined due to a heatwave that resulted in shrivelled grains in the northern states of Punjab and Haryana

Wheat stocks likely to be 80% higher than buffer norm by next April: Govt

The govt suspended wheat export on May 13, moving all varieties of wheat, including high-protein durum, from 'free' to the 'prohibited' category

Tax revenue boost or expenditure cuts can help meet fiscal deficit target

The impact of Saturday's excise duty cuts will be Rs 1 trillion for a year, Finance Minister Nirmala Sitharaman had said

Unexpected, but also unacceptable

Russian invasion's multi-dimensional impact, and India's meek acceptance of the damage done to its economy

India's wheat export boom brings a bonanza to farmers, and budget relief

For international wheat markets, India's sales are helping offset a supply shortfall resulting from Ukraine-driven disruptions in Black Sea region, crop cuts in Canada, quality downgrades in Australia

Punjab CM Mann urges Centre to relax norms for shrivelled grains

Wheat growers in Punjab have reported drop in crop yield and shrivelled grains because of the early onset of heat wave

Centre releases Rs 2.94 trn to FCI, states as food subsidy last fiscal

The Centre has released Rs 2,94,718 crore towards food subsidy during the last fiscal to Food Corporation of India (FCI) and states, which is slightly higher than the revised budget estimates. During the financial year 2021-22, the Department of Food & Public Distribution released Rs 2,94,718 crore towards food subsidy, under both DCP (decentralised procurement) and non-DCP operations put together, against the revised Estimates of Rs 2,92,419.11 crore. "This release of food subsidy is about 140% of the food subsidy released during 2020-21 and about 267 per cent of the food subsidy released during 2019-20," an official statement said. The subsidy has been released for procurement operations under MSP (minimum support price) and seamless distribution of foodgrains under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) and National Food Security Act 2013 (NFSA). In the last fiscal, the department spent 99.83 per cent of its expenditure by incurring Rs 3,04,361 crores against net .

Cabinet nod to distribute fortified rice under central schemes

According to an official statement later, the Food Corporation of India (FCI) and state agencies have procured 88.65 metric tonnes of fortified rice for supply and distribution

Telangana to step up pressure on Centre for entire paddy procurement

The Chief Minister has convened a meeting of the Telangana Rashtra Samithi (TRS) Legislature on March 21 to chalk out the strategy in this regard

India's food subsidies plan needs to improve coverage, plug leakages

A crucial safety net, the food subsidy is used to protect farmers against low market prices and provide consumers with affordable food grains through the public distribution system (PDS)

FCI operating 2,199 warehouses for storage of food grains: Govt

The government on Friday told the Rajya Sabha that the Food Corporation of India is operating a total of 2,199 warehouses, owned, or hired, across India.

Establish grievance redressal mechanism for farmers in distress: Goyal

Piyush Goyal asked the Food Corporation of India to establish a grievance redressal mechanism so that the government can rapidly react to the farmers and farmer producer organisations in distress

Food subsidy in FY22 to be about Rs 4 trn vs BE of Rs 2.4 trn: Food secy

Under NFSA, the Centre gives highly subsidised food grains at Rs 1-3 per kg to over 810 million people through the public distribution system

Direct FCI to confirm rice procurement target from state: KCR to Modi

K Chandrasekhar Rao on Wednesday wrote to PM Modi, urging the Centre to direct the FCI to confirm the target of rice procurement from the state during ensuing Rabi season, among others

Food Corporation at the crossroads as grain oversupply meets flat demand

Govt's food storekeeper is procuring twice the quantity national welfare schemes need. It is aware of the problem, and may soon find newer ways to dispose available stocks

Use of FCI rice for ethanol making only an interim measure: Centre

Will achieve 8-8.5 per cent blending with petrol this year, says food secretary Sudhanshu Pandey

What did FCI do differently this season to push wheat procurement?

Experts point to three major initiatives that led to a bumper purchase and laid the foundation for deeper and more structural reforms in the annual grain procurement process