New Delhi (The Hawk): In the presence of Shri Arun Singhal, Secretary, Brigadier Amar Singh Rathore, Chairman &amp; Managing Director, FCI Aravali Gypsum &amp; Minerals India Limited, a Central Government Public Sector Undertaking, presented a dividend check for Rs. 12,55,00,000/- (Rupees Twelve crore fifty five lakh only) to the Union Minister of Chemicals &amp; Fertilizers, Dr. Mansukh Mandaviya (Fertilizer). The Minister praised the Company's accomplishments and growth. He also expressed the hope that the Company would expand rapidly, support economic expansion, and produce higher dividends in the upcoming years.
The CMD also disclosed that in May 2022, the company received notification that it was a Private Exploration Agency. The business intends to start mining rock phosphate and dolomite soon. The business also intends to build a facility for the production of fertiliser in Chittorgarh, Rajasthan.
On February 14, 2003, the FCI Aravali Gypsum &amp; Minerals India Limited (FAGMIL) was established as a result of the separation of the FCIL Jodhpur Mining Organization (a unit). For the past 18 years, the company has consistently paid dividends.

In the presence of Shri Arun Singhal, Secretary, Brigadier Amar Singh Rathore, Chairman & Managing Director, FCI Aravali Gypsum & Minerals India Limited, a Central Government Public Sector Undertaking, presented a dividend check for Rs. 12,55,00,000/- (Rupees Twelve crore fifty five lakh only) to the Union Minister of Chemicals & Fertilizers, Dr. Mansukh Mandaviya (Fertilizer).

19th Dividend by FCI Aravali Gypsum & Minerals India  Ltd, a Miniratna-II Company

Lucknow (The Hawk): The gullible youngsters were interviewed by a group of fraudsters posing as a team from the Food Corporation of India (FCI), and they even gave them appointment letters before vanishing from the scene.
In response to Santosh Singh, one of the victims, filing a complaint, a FIR has been made at the Mahanagar police station.
The group has previously deceived people by promising them employment in FCI.
The complainant claimed that in 2019, he met the gang's Neeraj Pandey, Vikas Sonkar, Anoop Srivastava, Vikas Singh, Alok Srivastava, Amrendra, Jitendra, Kuldeep, Neelesh, Vinod Kumar, and Raj Rastogi at a restaurant and was given the promise of a job in FCI (a clerical position) in exchanging for Rs 8 lakhs.
In February, "they held an interview at a multi-story fancy office in Delhi bearing the name and emblem of FCI," claimed Singh.
Along with other candidates, he also took a personality exam and a written test with multiple-choice questions.
In order to finalise the position, a gang member posing as the GM of FCI conducted interviews and demanded Rs. 5 lakh.
"In May, I received a call from the accused inviting me to join FCI unit in Sirsa Haryana, and I also received a letter with FCI insignia, labelled as trainee," he continued.
"When he arrived at Sirsa, he discovered that many other people had identical letters. I was instructed to travel to Barwala in Haryana because the facility was at capacity. The accused called me once more and asked me to travel to Delhi. After that, I was informed that I would receive my joining letter in four months."
A further Rs 15,000 was demanded from the victim for a training certificate.
Finally, he was informed that there were no more openings and that he would have to wait. After then, in 2021, the victim requested his money returned, but never did, according to the authorities.
Neeraj Pandey and Jitendra Kailash were captured by the police after a year of electronic surveillance. The group used to target students who lived close to coaching facilities.
Teams were organised to apprehend other gang members, according to SHO Mahanagar K.K. Tiwari.
(Inputs from Agencies)

The gullible youngsters were interviewed by a group of fraudsters posing as a team from the Food Corporation of India (FCI), and they even gave them appointment letters before vanishing from the scene.

Fraudsters held, promising jobs in FCI

New delhi: The CBI has filed a new chargesheet against fugitive diamantaire Mehul Choksi, months after Interpol lifted a Red Corner Notice (RCN) on him for allegedly pledging lab-grown diamonds valued at 98% less than what was anticipated to secure a loan of Rs 25 crore from the IFCI in 2016.
In a chargesheet filed before a special CBI court in Mumbai, the Central Bureau of Investigation (CBI) alleged that Choksi's company, Gitanjali Gems, borrowed money from the Industrial Finance Corporation of India (IFCI) by using as collateral 896 pieces of studded jewellery estimated to be worth more than Rs 45 crore.
As the loan account became a non-performing asset (NPA), the IFCI began taking steps to realise the pledged jewellery, but it received a harsh awakening when updated values revealed the jewellery was worth 98% less than expected.—Inputs from Agencies

The CBI has filed a new chargesheet against fugitive diamantaire Mehul Choksi, months after Interpol lifted a Red Corner Notice (RCN) on him for allegedly pledging lab-grown diamonds valued at 98% less than what was anticipated to secure a loan of Rs 25 crore from the IFCI in 2016.

CBI files new chargesheet against Choksi for offering "over-valued" lab-grown diamonds for Rs 25-crore loan

New Delhi: The central government of India, which has banned states from purchasing foodgrains from the Food Corporation of India (FCI), said Thursday that the decision was more intended at reducing the price rise than at any individual state, amid a political dispute over the issue.
The Congress-led government of Karnataka, which will be severely impacted by the decision, has accused the federal government of breaking its promise and blocking the state from implementing the scheme.
Some of the states besides Karnataka that would be affected by this choice are Tamil Nadu, Odisha, West Bengal, Chhattisgarh, and Telangana.—Inputs from Agencies

The central government of India, which has banned states from purchasing foodgrains from the Food Corporation of India (FCI), said Thursday that the decision was more intended at reducing the price rise than at any individual state, amid a political dispute over the issue.

Discontinuing sale of OMSS grains to states more aimed at curbing price rise, not any particular state: Centre

New Delhi (The Hawk): In a landmark decision aimed at bolstering the agricultural sector and ensuring the welfare of farmers nationwide, the Government of India (GoI) has announced an increase in the authorized capital of the Food Corporation of India (FCI) from Rs 10,000 Crore to Rs 21,000 Crore. This strategic move shows the government's steadfast commitment to supporting farmers and fortifying India's agrarian economy. FCI, as the pillar of India's food security architecture, plays a pivotal role in various crucial functions, including the procurement of food grains at Minimum Support Price (MSP), maintenance of strategic food grain stocks, distribution to state governments and Union Territories (UTs), and stabilization of food grain prices in the market. The increase in authorized capital is a significant step towards enhancing the operational capabilities of FCI in fulfilling its mandate effectively. To match the gap of fund requirement FCI resorts to Cash Credit, Short Term Loan, Ways &amp; Means etc. Increase of Authorised capital and further infusion will reduce the interest burden, reducing the economic cost and ultimately affecting the subsidy of GOI positively. With this infusion of capital, FCI shall also embark upon modernizing its storage facilities, improving transportation networks, and adopting advanced technologies. These measures are essential not only for reducing post-harvest losses but also for ensuring efficient distribution of food grains to consumers. GoI provides equity to FCI for working capital requirement and for creation of capital assets. FCI is undertaking a comprehensive initiative to create an Integrated IT system, leveraging existing internal systems (FAP, HRMS) and external systems (State procurement portals, CWC/SWC). The E-office implementation has already made FCI a less paper organization. These initiatives of integrated IT solutions serving as the core operational software for FCI, shall provide a single source of information and streamline functions with a common digital backbone. As a part of enhancing its efficiency, FCI is diligently executing tasks such as cement roads, roof maintenance, illumination, and weighbridge upgrades, enhancing food security. Purchase of lab equipment and the development of a software platforms for QC labs aim to improve quality checking. Studies on “Out-Turn Ratio”, “Shelf-Life”, and “Pest Management for Fortified Rice” complement FCI's commitment to building an efficient and food security management system. The integration of automated digital equipment further aligns with FCI's objectives, aiming to remove human intervention for a transparent procurement mechanism and enhance infrastructure for employees, saving on rent and creating assets for FCI. The government's dual commitment to MSP-based procurement and investment in FCI's operational capabilities signifies a collaborative effort towards empowering farmers, fortifying the agricultural sector, and ensuring food security for the nation. As these measures take root, India anticipates a more resilient and prosperous future for its agricultural sector, with farmers at its heart. The Government of India, recognizing the critical role of FCI in maintaining food security, periodically specifies the strategic level of food grain stocks to be maintained by FCI and designated central pool (DCP) states. FCI diligently adheres to these norms to address any adverse situations that may arise in the future, ensuring the nation's resilience to food-related challenges.

In a landmark decision aimed at bolstering the agricultural sector and ensuring the welfare of farmers nationwide

Government Of India Bolsters Agricultural Sector With Increase In Authorized Capital Of Food Corporation Of India From Rs 10,000 Crore To Rs 21,000 Crore

The Hawk

Tag : FCI

19th Dividend by FCI Aravali Gypsum & Minerals India Ltd, a Miniratna-II Company

Pankaj Sharma

The Hawk

Tag : FCI

19th Dividend by FCI Aravali Gypsum & Minerals India Ltd, a Miniratna-II Company

Pankaj Sharma

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