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FCI BORROWINGS
Union Cabinet approves equity of Rs 10,700 cr as working capital for Food Corporation of IndiaThe government approved an equity infusion of Rs 10,700 crore for FCI in the financial year 2024-25. This will boost the agricultural secto...- Government hikes authorised capital of FCI to Rs 21,000 croreThe FCI, the centre’s main grain-handling agency, which utilises the food subsidy to provide grains to 800 million people, incurs most of i...
- FCI: No outstanding short-term loans"Floating of STL Tender on a regular basis in no manner means that the FCI is going to borrow STL of ₹50,000 crore. Rather, it is a standin...
- FCI to borrow Rs 50,000 cr to meet short-term fund needsThe Food Corporation of India (FCI) is set to borrow Rs 50,000 crore to meet its short-term fund requirements. The government-owned corpora...
- Budget likely to increase food subsidy allocation by 4%-6%: SourcesFor the 2021/22 fiscal year, India's total outlay toward the food subsidy is expected to cross Rs 2.1 lakh crore ($28.7 billion), but the b...
- How India's grain policies have stoked FCI's debt bingeFarmers say the new laws will shut the regulated wholesale markets they depend on to take their produce. But FCI has racked up huge debts f...
- FCI borrowings surge sharply sans subsidySubsidies released to the FCI have been steadily declining.
- FCI draws large banks to raise Rs 8,000 cr via bondsFCI has been raising funds through bonds to purchase wheat and rice from farmers at minimum support price (MSP).
- Government hikes authorised capital of FCI to Rs 10,000 crThe government has raised the authorised capital of Food Corporation of India (FCI), the nodal agency for procurement and distribution of f...
- Govt’s off-balance sheet expenditure estimated at Rs 1.5 lakh crThe government has an important role to play in the business model of FCI.
- Government likely to infuse Rs 6,500 crore equity in Food Corporation of IndiaThe infusion of capital will be in the form of equity and would not be divided in shares as FCI is established under a special Act of Parli...
- FCI may raise Rs 32K crore via bond sale over two yearsIn the past six years,it has raised Rs 13,000 crore through bonds in three tranches
- Govt to infuse Rs 5000 crore in Food Corporation of India in next 2 yrs: PanelThe nodal agency for procurement and distribution of foodgrains would raise Rs 32,000 crore through government-guaranteed bonds, informed t...
- Budget proposes restructuring of Food Corporation of India capitalFCI is the government's nodal agency for procurement and distribution of foodgrains. The move will help FCI to improve its liquidity situat...
- Govt approves Rs 45,000 crore loan to FCIThe Union Cabinet approved one-time loan of Rs 45,000 crore from National Small Savings Fund to FCI to meet its food subsidy requirements.
- FCI to raise Rs 20,000-crore short-term loanState-run Food Corporation of India (FCI) has invited bids from the scheduled banks for raising short-term loan of Rs 20,000 crore for one ...
- Food susbidy bill shoots up by a whopping of Rs 34,738 crThe Centre's food subsidy bill has shot up by a whopping Rs 34,738 crore compared to the budgetary allocation for 2011-12.
- Govt approves Rs 5,000 cr working capital loan for FCIFCI, the nodal agency for procurement and distribution of foodgrains, will repay the loan in the next fiscal, it said.
- FCI to sell Rs 6,200-cr bondsThe country’s premier food grain procurement organisation, the Food Corporation of India (FCI), is likely to sell special bonds worth Rs 6,...
- NCDEX associate may tap FCI for paddy procurementNCMSL, an associate of NCDEX, has made a pitch to borrow from FCI for supporting its foodgrain procurement programme.
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