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The Food Corporation of India (FCI) is set to borrow Rs 50,000 crore to meet its short-term fund requirements. The government-owned corporation has invited bids from banks for a three-month tenure loan to meet its cash flow mismatch and procurement and distribution of food grains. ....
The Indian government has released subsidies totaling Rs 1,67,875 crore to the Food Corporation of India (FCI) and Rs 57,686 crore to state DCP as food subsidies between January 1, 2023, and December 15, 2023. This amount, under the National Food Security Act and Pradhan Mantri Garib Kalyan Anna Yojana, supports providing subsidized food grains to beneficiaries. ....
The associations have been suggested that where there exists a wide gap between the MRP and actual retail price, the same needs to be brought down to a realistic level in order to safeguard the interest of the consumers. The order comes amid reports of a sharp increase in the margins being availed by wholesalers and retailers. ....