Govt raises authorised capital of FCI from Rs 10,000 cr to Rs 21,000 cr

Govt raises authorised capital of FCI from Rs 10,000 cr to Rs 21,000 cr

File photo | Photo Credit: SRINATH M 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, the Food Ministry said on February 17. FCI is the central government’s nodal agency that undertakes the procurement … Read more