10-August-2026
Economy News
 
Upfront food subsidy release to keep FCI’s grain carrying costs in check
10-Aug-2026

With the finance ministry releasing over Rs 58,000 crore or 33% of the budgeted food subsidy of Rs 1.78 lakh crore for FY27 to the Food Corporation of India (FCI) so far, officials said rising economic costs of carrying surplus food grains could be curbed. Allocation of food subsidy to FCI is largely used for supplying free rice and wheat to over 800 million people under Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) or free ration scheme.

News Source:- https://www.financialexpress.com/policy/economy/upfront-food-subsidy-release-to-keep-fcis-grain-carrying-costs-in-check/4314121/?ref=economy_hp
 
 
 

Notes:
1. Copyright and ownership of all content from IMC and other IMC sites belongs to IMC except third-party resources
2. Copyright, intellectual property right, ownership or responsibility of error of other content belong to respective sources
3. Please do not reply to this mail

For suggestions and feedback click here.

Disclaimer:
IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here.
Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India  |   Tel : 91-22-22046633  |   Fax : 91-22-22048508 / 22838281
E-Mail : imc@imcnet.org  |   Website : www.imcnet.org