India’s cabinet approves equity of $1.27 billion for Food Corporation of India

NEW DELHI (Reuters) – India’s cabinet has approved equity of 107 billion rupees ($1.27 billion) for state-run grains stockpiler Food Corporation of India, the information minister said on Wednesday.

($1 = 84.2525 Indian rupees)

(Reporting by Shivam Patel in New Delhi; Editing by YP Rajesh)

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