Rabi procurement to begin from 1 April in Haryana; wheat in Punjab rescheduled from 10 April

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The procurement process of rabi crops will start from April 1 in Haryana with Chief Minister Manohar Lal Khattar directing authorities to ensure transfer of full payment directly into farmers’ bank account. Presiding over a review meeting regarding procurement process of rabi crops here, the Chief Minister directed the concerned officials to make all necessary […]

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Food Corporation of India’s operations need to be overhauled to keep pace with country’s requirements: Minister

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Following a series of meetings chaired by Piyush Goyal, minister for food, consumer affairs, commerce, industry and railways, with FCI and senior government officials, the government of India has proposed to revise archaic grain standards of the FCI, which were set 20-30 years ago. The plan includes keeping with advances in harvesting and handling technologies, […]

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Food Corporation of India refutes charges of wasting 65 lakh tonnes of food grain

The Food Corporation of India (FCI) has strongly refuted report published today in the online news portal ‘Scroll.in’ with the heading “India let 65 lakh tonnes of grain go to waste in four months, even as the poor went hungry”. Terming the news report as “blatantly unfair” and damaging the organisation’s reputation, Shri Sudeep Singh, […]

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Government planning to infuse funds into FCI; raises authorised capital to Rs 10,000 crore

The Cabinet on Wednesday increased the authorised capital of Food Corporation of India (FCI) to Rs 10,000 crore from the current Rs 3,500 crore. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved increasing the authorised capital of the FCI. “With the increase of authorised capital, additional equity capital […]

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UP wheat procurement slips 35% against 5.5 million tonnes target

The Uttar Pradesh government has failed to achieve its wheat procurement target of 5.5 million tonnes (MT) for the 2019 rabi marketing season, reports Business Standard State agencies fell short of the target by 35 per cent and could only procure about 3.6 million tonnes of wheat till June 15, the day normal procurement season concludes. Last year, UP […]

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