In November 2024, the Cabinet approved an equity infusion of ₹10,700 crore in which public sector undertaking for FY25?

Correct option is D

The correct answer is (d) Food Corporation of India

Explanation:

In November 2024, the Indian government approved an equity infusion of ₹10,700 crore for the Food Corporation of India (FCI). The objective of this infusion is to support the operations of the FCI, which plays a critical role in managing the food grain distribution system in India. The funds will help ensure that the corporation can continue its efforts in maintaining food security and managing the public distribution system.

Information Booster:

• The Food Corporation of India (FCI) is responsible for distributing food grains, especially wheat and rice, across the country to ensure food security for the population.

• FCI is a key player in India’s Public Distribution System (PDS), which aims to provide affordable food to the population, especially those in the lower income brackets.

• The government’s approval of the equity infusion is part of a broader initiative to strengthen the country’s food security infrastructure.

• FCI also plays a vital role in buffer stock management to stabilize the market prices of essential food grains.

• The infusion is expected to help FCI meet its financial needs and ensure smooth procurement, storage, and distribution of food grains.

Additional Information:

• Antrix Corporation - This is the commercial arm of the Indian Space Research Organisation (ISRO).

• Fertilizer Corporation of India – The Fertilizer Corporation of India focuses on fertilizer production .

• Bharat Sanchar Nigam Limited - BSNL is a public sector telecommunications company.