Food Security Act Readiness Review

In the wake of the just-enacted National Food Security Act, the Union Minister for Food and Public Distribution, Prof. K V Thomas, today reviewed the operations of Food Corporation of India (FCI), especially from the point of view of its preparedness for implementing the law. Shri Sudhir Kumar, Secretary (Food and Public Distribution), was also… Read More

Tags: FCIFCI Board of DirectorsFood Corporation of IndiaFood securityInstitute of Chartered Accountants of IndiaK V ThomasMadhya PradeshThomas

FCI Raises Rs. 5000 Crore through Bonds

The Food Corporation of India (FCI) has raised Rs.5000 crore by issue of taxable bonds backed by Government of India Guarantee to meet its additional working capital requirement. Bond issue was opened on 21.03.2013 and closed on 22.03.2013. The Bonds are of two tenures i.e., 10 years (Rs.300 crore) and 15 years (Rs.4700 crore). The… Read More

Tags: BondsCapital requirementCash Credit LimitCoupon (bond)FCIFood Corporation of IndiaGovernment of IndiaRupee

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