Civil Supplies Minister Gangula Kamalakar has requested the Food Corporation of India (FCI) to provide more space, and increase the rack movement without any delay. He said that the Union government must not escape from its responsibility of procuring paddy from farmers. The Minister was talking to the millers from across the State here on … Read more
Wheat crop is in good condition and the government’s procurement would be normal at 300-400 lakh tonne in the 2023-24 marketing year starting March, FCI Chairman and Managing Director Ashok K Meena said on Thursday. “Area sown to wheat is higher than last year. The current condition of wheat crop is very good. Our procurement … Read more
Procurement of paddy for the central pool in the ongoing 2022-23 kharif marketing season was 6.8% higher at 21.45 million tonnes as on November 7, compared with 20.08 million tonnes a year earlier, according to latest data from Food Corporation of India (FCI). The data indicate that this year, the government will actively procure paddy … Read more
Wheat Delhi prices have jumped by over 21 per cent since April till date buoyed by lower production, strong export demand, and lower Government procurement. Wheat price touched new highs of Rs 2,650 on October 21. Prices would trade bullish in the price band of Rs 2,600-2,700 in the short-term Target Price Rs 2,557. Most … Read more
The government has procured 184.58 lakh tonnes of wheat at a MSP value of Rs 37,192.07 crore so far in the ongoing 2022-23 rabi marketing year, benefitting 17.50 lakh farmers, the Food Ministry said on Monday. Total wheat purchases made by the Food Corporation of India (FCI) and state agencies are, however, much lower than … Read more
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) … Read more
The Centre has procured 741.62 lakh tonne of paddy in the ongoing 2021-22 marketing year so far at the minimum support price (MSP), Union Food Ministry said on Monday. “Till now about 105.14 lakh farmers have been benefitted with MSP value of Rs 1,45,358.13 crore,” the ministry said in a statement. A quantity of 741.62 … Read more
The government has revised the Open Market Sale Scheme (OMSS) of foodgrains for bulk consumers and private traders by restoring transportation charges that were waived last year due to the COVID-19 pandemic, Food Secretary Sudhanshu Pandey said on Saturday. Under the OMSS policy, the government allows state-run Food Corporation of India (FCI) to sell foodgrains, … Read more
Senior bureaucrat Saurbah Garg has been appointed as the Chief Executive Officer (CEO) of Unique Identification Authority of India (UIDAI) as part of a bureaucratic reshuffle effected by the Centre on Thursday. Garg is at present serving in his cadre state Odisha. He is a 1991 batch IAS officer. The Appointments Committee of the Cabinet … Read more
India’s budget for 2021-22 has the potential to lift growth prospects and its credit impact would depend on the growth outlook, said global rating agency Fitch, on Wednesday. “Higher expenditure will support the near-term recovery and increased infrastructure spending could boost sustainable medium-term growth rates,” Fitch said. However, the accompanying loosening of fiscal policy and … Read more