FCI Current Affairs, GK & News
CMIE: Unemployment rate climbs to 27.1%
On May 5, 2020, the Centre for Monitoring of Indian Economy released unemployment data. According to the data, 121.5 million are without works. Highlights The data says that 91,3 million daily wage labourers were out of their jobs due to COVID-19 crisis. Also, 18.2 million entrepreneurs are without work as there are lack of labourers. ..
Month: Current Affairs - May, 2020
Category: Reports & Indexes Current Affairs
Topics: CMIE • FCI • Food Corporation of India (FCI) • Government procurement • Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) • MNREGA • NAFED • Pradhan Mantri Garib Kalyan Ann Yojana • Unemployment
National Biofuel Coordination Committee: Surplus Rice to be used to make Sanitizers
On April 20, 2020, the Minister of Petroleum Shri Dharmendra Pradhan held National Biofuel Coordination Committee (NBCC) meeting. Under the meeting, it was decided that surplus rice that is available with Food Corporation of India is to be used in manufacturing ethanol that is used in hand sanitizers. Highlights Under the NBCC, it was decided ..
Month: Current Affairs - April, 2020
Category: India Nation & States Current Affairs
Topics: Agriculture • Biofuel Policy • FCI • Food Corporation of India (FCI) • Foodgrains • Rice • sanitizer • WHO
Authorised capital of Food Corporation of India increased to Rs.10000 cr from Rs.3500 cr
Cabinet Committee on Economic Affairs (CCEA) approved increasing authorized capital of Food Corporation of India (FCI) from existing Rs.3,500 crore to Rs.10,000 crore. CCEA was chaired by Prime Minister Narendra Modi. Key Highlights FCI’s operations require maintaining perpetual stock of foodgrains which needs to be funded by government of India through equity or via long ..
Month: Current Affairs - November, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: Cabinet Committee on Economic Affairs • Cabinet Decision • CCEA • FCI • Food Corporation of India • Ministry of Consumer Affairs • National Food Security Act
Centre increases Wheat Import Duty by 40%
With wheat production at record high, government has raised import duty on wheat from existing 30% to 40% to support local farmers interest. The higher duty will help offtake of domestically produced grain by discouraging milers to import wheat but to buy local produce and help protect farm prices. The oversupply in domestic market due ..
Month: Current Affairs - April, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: Agriculture • FCI • Food Corporation of India • import duty • National Food Policy • PDS • Subsidy • Wheat • WTO
Cabinet approves the exclusion of States from National Small Savings Fund
The Union Cabinet has excluded States and Union Territories except Arunachal Pradesh, Kerala, Delhi (UT) and Madhya Pradesh from National Small Savings Fund (NSSF) investments with effect from 1 April 2016 The cabinet meeting chaired by Prime Minister Narendra Modi also approved one-time loan of Rs. 45000 crore from NSSF to Food Corporation of India ..
Month: Current Affairs - January, 2017
Topics: Cabinet Decisions • FCI • National • National Small Savings Fund • PDS • States
Union Government launches FCI's Depot Online System
Union Government has launched Depot Online System of state run Food Corporation of India (FCI) to bring transparency and minimise storage losses of foodgrains. It was launched by Union Food and public Distribution Minister Ram Vilas Paswan in New Delhi as part of Digital India initiative of Union Government. Key facts Depot Online System will ..
Month: Current Affairs - March, 2016
Topics: Current Affairs 2016 • Digital India • FCI • Government Initiatives