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The Indian government approved a Rs 10,700 crore equity infusion into the Food Corporation of India (FCI) to cover working capital needs. This move aims to reduce FCI's interest burden by around Rs 800 crore annually, ultimately cutting down government subsidGovernment to pump Rs 10k cr into FCI to help with working capital need
The Indian government approved a Rs 10,700 crore equity infusion into the Food Corporation of India (FCI) to cover working capital needs. This move aims to reduce FCI's interest burden by around Rs 800 crore annually, ultimately cutting down government subsidies while supporting farmers and strengthening the agricultural sector. Read more