Restructuring FCI: Govt sets up high-level panel to remove cost inefficiencies
The FCI, set up under the Food Corporation Act 1964, is a nodal agency for procurement, storage and distribution of foodgrains to PDS and other welfare schemes. The post Restructuring FCI: Govt sets up...
View ArticleGovt hopes to cut subsidy bill by Rs 23,400 cr; sets up high-level panel for...
The terms of reference of the panel are to study various models of restructuring or unbundling of the FCI and suggest the best-suited model to improve its operational efficiency and financial...
View ArticleFood Corp is a Rs 75,000 cr problem: Five areas that needs urgent govt attention
Imagine a company that is the largest distributor of a product in a country. Its cost of inputs and the price at which it sells the product are fixed by the government. The company all of a sudden...
View ArticleGovt directs Food Corporation of India to provide PDS grains to flood-hit...
The government directed Food Corporation of India (FCI) to ensure adequate and timely supply of PDS foodgrains to flood-hit people in Jammu and Kashmir. The post Govt directs Food Corporation of India...
View ArticleCutting food subsidy to cash transfer: Panel suggests steps to revamp FCI
The eight-member committee, was set up in August 2014 under the chairmanship of BJP MP Shanta Kumar, to recommend a complete overhaul of the way the mammoth organisation, FCI, functions. The post...
View ArticleRevamping Food Corp: Panel wants Food Security Act changed but will BJP bite...
The report of the High Level Committee on Reorienting the Role and Restructuring of Food Corporation of India submitted to the Prime Minister on Wednesday, makes a slew of suggestions. The post...
View ArticleCorruption in FCI is frightening; revamp report addresses root causes: Shanta...
Problems will be there, but someone will have to start from somewhere, says Kumar who headed the panel on restructuring Food Corporation of India The post Corruption in FCI is frightening; revamp...
View ArticleSurprise: Thanks to ‘labour gangs’, some FCI loaders earn Rs 4 lakh per month
So, how do these labourers earn more than double of what the FCI chairman-cum-managing director gets? It's the faulty system that is leading such abuse of government funds. The post Surprise: Thanks to...
View ArticleIndia in biggest wheat import deals since 2010 as rains damage crop
Indian flour millers have bought between 70,000 and 80,000 tonnes of Australian prime wheat for April-May shipment at $260-$265 a tonne, including cost and freight. The post India in biggest wheat...
View ArticleLearn from 2014: How the Modi govt can tame rising food prices
While prices of food grains can be contained by releasing government stock into the open market, such a thing is not possible in case of vegetables, given their short shelf life. The post Learn from...
View ArticleLakhpati loaders no more: FCI to deploy contract workers to trim wage bill
As of now, the corporation spends Rs 1800 crore annually on departmental workers alone The post Lakhpati loaders no more: FCI to deploy contract workers to trim wage bill appeared first on Firstpost.
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