Government to pump Rs 10k cr into FCI to help with working capital need | India News – Times of India
NEW DELHI: The Cabinet on Wednesday approved Rs 10,700 crore equity infusion in Food Corporation of India (FCI) for working capital requirement during the current financial year, which will reduce the interest burden by around Rs 800 crore annually and thereby cut down govt’s subsidy outgo.The decision is aimed at bolstering the agricultural sector and…