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Shanta Kumars FCI report may make Punjab lose revenue
2015-01-23 06:40:58| Agriculture - Topix.net
If the recommendations of a committee headed by senior BJP leader Shanta Kumar on restructuring of the Food Corporation of India are accepted, Punjab will suffer revenue loss of around Rs 2,000 crore every year. The committee's report, submitted to the Union government on Thursday, has recommended cutting down taxes levied on foodgrains procured in the state from the present 14.5% to just 3%.
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FCI should procure allotted share Badal tells Shanta
2014-11-29 05:50:33| Agriculture - Topix.net
Taking part in discussions with Bharatiya Janata Party parliamentarian Shanta Kumar, who is heading a committee to give suggestions on unbundling of the Food Corporation of India , Punjab chief minister Parkash Singh Badal has said the agency should procure its allotted share of foodgrain, which it has reduced drastically in recent times. FCI has, as its allotted share 20% of wheat and 10% of paddy production, but it procures around 15% of wheat and about 5% paddy.
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At FCI, some loaders earn more than Rs 4 lakh/month
2014-11-15 00:34:14| Agriculture - Topix.net
More than 6,000 workers at the agency, responsible for procuring, storing and transporting foodgrains in the country, received Rs 50,000 to Rs 1 lakh. NEW DELHI: A six-figure salary would normally be associated with MBAs, doctors or engineers.
FCI to hold pre-bid meet for import of rice
2014-10-18 11:15:21| Agriculture - Topix.net
Food Corporation of India, which received a poor response to tenders to import rice via canalising agencies for the northeastern states, has called for another pre-bid meeting with prospective bidders next week, a senior government official said. State-run firms State Trading Corp and MMTC earlier this month received only one bid each in the 20,000 tonne rice import tenders.
Battle royale brewing at FCI over equal-work-equal-pay
2014-10-18 00:09:02| Agriculture - Topix.net
A royal battle is taking place at the Food Corporation of India with over half of FCI's workers looking to match the emoluments given to the labour aristocracy within the organisation, and the food ministry trying to bring down this aristocracy some notches. If the lower-paid workers succeed in getting their way, this will raise FCI's annual labour bill of Rs 2,500 crore by another Rs 1,600 crore.
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