• The government has increased the authorised capital of state-run Food Corporation of India (FCI) from ₹10,000 crore to ₹21,000 crore to enhance the operational capabilities and fulfill its mandate effectively. • FCI is the central government's nodal agency that undertakes the procurement of foodgrains at a minimum support price (MSP) to protect the interest of farmers. • It also maintains strategic stocks and distributes the grains under different welfare schemes. • The increase in the authorised capital will reduce the interest burden, decrease the economic cost and ultimately affecting the government subsidy positively. • Learn Along: • About FCI • Food Corporation of India (FCI) is a Public Sector Undertaking, under the Department of Food & Public Distribution, Ministry of Consumer Affairs, Food and Public Distribution. • FCI is a statutory body set up in 1965 under the Food Corporations Act 1964. It was established against the backdrop of major shortage of grains, especially wheat. • Simultaneously, Commission for Agricultural Costs and Prices (CACP) was created in 1965 to recommend remunerative prices to farmers.
In December 2021, IIT-_______ signed an MoU with the Indian Air Force (IAF) for various developmental projects to support the requirements of the IAF.
President Droupadi Murmu laid the foundation stone of state-owned energy firm SJVN’s 1,000 MV ____ Solar Power Project.
What significant agricultural machinery did CSIR-CMERI launch for small to marginal farmers in May 2024?
In what year were Particularly Vulnerable Tribal Groups first recognized by the Indian government?
Glyptothorax punyabratai, a new species of catfish discovered in the Brahmaputra River drainage system, is adapted to:
UK-headquartered investment firm abrdn Investment Management will offload its entire 10.2 per cent stake in _________ via block deals.
Of the Rs 1.3-trillion grant-like special capex facility for states in FY24, the Centre has approved_______ or 20% to nine states in the first two month...
__________ administration signed a Memorandum of Understanding (MoU) with the Dubai government for development of real estate, industrial parks, and more.
1st election for constituent assembly took place in?
The government has extended the lower import duty structure for palm, soyabean and sunflower oils by a year till________ which currently attracts attrac...
