Food Corporation of India

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

746.07 Lakh Tons Storage Capacity Available for Implementation of Food Security Bill

Minister of Consumer Affairs, Food and Public Distribution, Prof. K.V. Thomas said in Rajya Sabha today that the annual requirement of foodgrains for implementation of the proposed National Food Security Act, is estimated at 614.3 lakh tons while the storage capacity available with the Food Corporation of India as on 30.06.2013 was 391.79 lakh tons.Besides… Read More

Tags: Food Corporation of IndiaFood securityGovernmentKV ThomasPublic Distribution SystemRajya SabhaSchemeSikkim

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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