Robust agricultural output in many states and rising purchases by FCI have led to overflowing warehouses. In the past decade, FCI's expenses have risen as the guaranteed price for common rice has climbed by 73% and for wheat by 64%. The government is supposed to pay the difference between FCI's procurement prices and sales prices. But for the past few years, it has not fully compensated FCI, forcing it to borrow every year.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3aOPAzd
How new farm laws have stoked FCI's debt binge
![How new farm laws have stoked FCI's debt binge]()
Reviewed by Space encyclopaedia
on
December 29, 2020
Rating:
