Context
Recently the central government declined the Telangana`s state demand of procurement of 1.5mt of par boiled rice by FCI due to the excess stocks of rice with FCI.
Food Corporation of India
- FCI is a statutory body set up in 1965 under the Food corporation act, of 1965 by the government of India under the ownership of the ministry of consumer affairs, food, and public distribution.
- It was set up with its initial headquarter in Chennai which later moved to New Delhi.
- It was being set up to fulfill the following objectives:
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- To carry out effective price support operations for safeguarding the interest of the farmers.
- Maintaining of buffer stock of food grains to ensure national food security
- To overview the distribution of foodgrain throughout the country for the public distribution system.
- FCI played a vital role in India`s success in transforming crisis management-oriented food security into a stable security system.
- The function of the body is carried out by the top official designated as chairman and the managing director who shall be a government civil servant of the IAS cadre.
- Atish Chandra is the current chairman and managing director of FCI.
