Equity Infusion For working capital in Food Corporation of India UPSC

The Cabinet Committee on Economic Affairs (CCEA) has authorized an infusion of equity of Rs.10,700 crore for working capital in FY 2024-25 in Food Corporation of India (FCI). The Food Corporation of India was established under the Food Corporations Act 1964, with legal capital of Rs. 100 Crores and equity of Rs. 4 Crores.