With 534 lakh tonnes, FCI rice stocks now at 4 times buffer requirement
FCI struggles with surplus rice stock of 534 lakh tonnes, affecting procurement decisions. Govt must address surplus liquidation..
IndiaTimes
Food Corporation of India
Indian statutory body
The Food Corporation of India (FCI) is a statutory body of the Government of India. It is under the ownership of Ministry of Consumer Affairs, Food and Public Distribution, formed by the enactment of Food Corporation Act, 1964 by the Parliament of India. Its top official is designated as Chairman and Managing Director, who is a central government civil servant of the IAS cadre. It was set up in 1965 with its initial headquarters at Chennai. Later this was moved to New Delhi. It also has regional centers in the capitals of the states.
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