Government hikes authorised capital of FCI to Rs 10,000 cr

The government has raised the authorised capital of Food Corporation of India (FCI), the nodal agency for procurement and distribution of foodgrains, to Rs 10,000 crore from the erstwhile Rs 3500 crore. This was done with the aim of reducing its debt and interest cost.

from Economy-News-Economic Times https://ift.tt/2qSjzBI