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Food Corporation of India being kept on a debt diet

2014-12-25 09:30:56| Agriculture - Topix.net

The Food Corporation of India's procurement operations could come to a halt by February unless it is paid a good part of its outstanding dues of a record Rs 58,000 crore soon. For the Centre, which has admitted to a tax revenue buoyancy overestimate of R1 lakh crore, and could face a shortfall of R20,000 crore in disinvestment receipts, the demand from the FCI could not have come at a worse time.

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