Government move to bring down FCI borrowings, reduce food subsidy outgo – Times of India
NEW DELHI: In a move that will help Food Corporation of India (FCI) to reduce its borrowings from banks and save around Rs 750 crore annually, govt on Friday increased authorised capital of the corporation from Rs 10,000 crore to Rs 21,000 crore. This move will also reduce the overall food subsidy.FCI is responsible for…
