Cabinet approves infusion of equity of Rs.10,700 crore in Food Corporation of India by way of conversion of Ways and Means Advance to equity in 2024-25 https://www.taxtmi.com/news?id=28076 Conversion of a Ways and Means Advance into equity is approved to bolster Food Corporation financing by strengthening working capital, reducing reliance on short term borrowings and associated interest costs, and enhancing the corporation's capacity to perform MSP procurement, stock maintenance, welfare distribution, and price stabilization. en-us Wed, 06 Nov 2024 16:28:16 +0530 Wed, 06 Nov 2024 16:28:16 +0530 TaxTMI RSS Generator Cabinet approves infusion of equity of Rs.10,700 crore in Food Corporation of India by way of conversion of Ways and Means Advance to equity in 2024-25 https://www.taxtmi.com/news?id=28076 Conversion of a Ways and Means Advance into equity is approved to bolster Food Corporation financing by strengthening working capital, reducing reliance on short term borrowings and associated interest costs, and enhancing the corporation's capacity to perform MSP procurement, stock maintenance, welfare distribution, and price stabilization. News - Wed, 06 Nov 2024 16:28:16 +0530 https://www.taxtmi.com/news?id=28076