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FCI DEBTS
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 garners Rs 8,000-cr via BSE BOND platformThe exchange said it is steering its efforts to help India Inc in raising funds during the COVID-19 pandemic. In this month, corporate bond...
- State interventions distort agricultural marketsState intervention in agricultural markets is counterproductive. Govt has emerged as the single largest procurer and hoarder of foodgrains.
- 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).
- Food Corporation of India likely to raise up to Rs 13,200 croreFCI has appointed about two dozen local arrangers to help raise the money.
- 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...
- Largest bond sales in 2019: FCI to raise Rs 8,000 croreThis is for the first time in five years that FCI is raising funds, three people with direct knowledge of the matter told ET. It had raised...
- 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...
- View: Unhedged exposures lead to rupee weaknessWith unhedged exposures piling up to this extent, the market was like a compressed spring, awaiting an excuse for a correction.
- FCI let over 4 lakh tonne wheat rot away: CAGThe CAG also said that the FCI sold wheat to bulk consumers at a rate below cost under open market sale scheme during 2013-14, which led to...
- FCI could have saved Rs 36,000 crore if subsidy came on time: CAGThe CAG examined FCI's debt management during 2011-16 as well as labour issues and the PEG scheme progress in Punjab.
- 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.
- Foreign investors lap up FCI’s government-backed AAA bondsInvestors from JPMorgan to Franklin Templeton, along with one or two British banks, are seeking to acquire the staterun organisation’s debt.
- Food Corp of India could set record with bond sale of up to Rs 80 bnFood Corporation of India (FCI) plans to raise up to 80 billion rupees ($1.29 billion) in government-guaranteed bonds through a private pla...
- FCI plans to raise Rs 8,000 cr via bonds issue in FY'14Food Corporation of India is planning to raise Rs 8,000 crore through issue of bonds in the current fiscal to improve its working capital.
- CIL, RCF, Sail, Engineers India, National Fertilisers to repay Rs 300-cr loans of FCICoal India (CIL), Rashtriya Chemicals & Fertilisers (RCF), Sail, Engineers India and National Fertilisers Ltd plan to pay up Rs 300 crore o...
- No plans to dismantle FCI into several companies: GovernmentThe government said it does not plan to dismantle FCI into several companies as it would affect the foodgrains supply.
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