• SENSEX
    NIFTY 50
Economy

Cabinet approves increase in Food Corporation of India’s authorized capital to Rs 10,000 crore

Updated : November 27, 2019 12:00 PM IST

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the increase in authorized capital of the Food Corporation of India (FCI) to Rs 10,000 crore from existing Rs 3,500 crore.
With the increase of authorized capital, additional equity capital can be infused in FCI through the Union budget to fund food grains stock.
The operations of FCI require maintaining perpetual stock of food grains funded by the government of India through equity or long term loans.
Cabinet approves increase in Food Corporation of India’s authorized capital to Rs 10,000 crore
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV