Foodgrain procurement

Foodgrain procurement News

India's foodgrain output to touch new record of 284.83 million tonnes in 2017-18

"As a result of near normal rainfall during monsoon 2017 and various policy initiatives taken by the government, the country has witnessed record foodgrain production in 2017-18," the ministry said in a statement.

Reserve Bank tightens provisioning norms for bank frauds

The central bank said in a notification that immediately upon a fraud being detected, capital charge for credit risk can be adjusted.


Govt admits mismatch between procurement,storage of grains

Efforts were on to ease pressure on godowns by encouraging exports,govt said.