How do I search for lost or unclaimed stock?
To search for unclaimed stock, a lost bond or missing mutual fund shares, and to trace uncashed interest payments and dividends that may be owed after a merger, restructuring, demutualization or other reorganization, go to: Unclaimed Stock Search
What do I do if I lost my stock certificates?
If your lost shares are long-term stock holdings, check to see if the company you remember was acquired or changed its name. If you are missing certificates, contact the issuing company, transfer agent or the stock brokerage where the shares were bought.
What's happening to your unclaimed stock?
A wave of corporate mergers, acquisitions, restructurings, share spin-offs and name changes has dramatically increased the amount of lost stock and unclaimed dividends.
Why do public stocks continue to build up in India?
The continued buildup of public stocks is largely due to procurement. Government agencies had, as on February 11, bought 63. 63 mt of paddy during the ongoing 2020-21 kharif marketing season (October-September), 16. 1 per cent more than the 54. 80 mt in the corresponding period of 2019-20.
Which type of stocks are maintained by FCI?
Food Corporation of India (FCI) maintains stocks of Wheat & Rice in the Central Pool, as per the Stocking Norms of foodgrains fixed by the Government of India, which are as under:-(Figs.More items...•
In which year the food grain stocks with FCI was the maximum?
(a)The foodgrain stock with the Government of India was maximum in July 2002.
What is the share of food grains in India?
Food grains Stock in Central Pool for the years 2016-2022( Opening Balance )YearCommoditySepRice181.82Wheat278.162017Total459.98Unmilled Paddy32.9822 more rows
How many food corporations are there in India?
Food Corporation of IndiaTypeStatutory BodyNumber of locations5 (Zonal Offices)Area servedThroughout IndiaKey peopleAtish Chandra, IAS (Chairman & Managing Director)ProductsFood Grains9 more rows
How many buffer stocks are there in India?
Current Buffer Stock Policy of Government According to the new norms, the central pool should have 41.1 million tonnes of rice and wheat on July 1 and 30.7 million tonnes on October 1 every year. These limits were 32 million tonnes and 21 million tonnes earlier.
Who maintain buffer stock of food grains in India?
Buffer stock of food grains in the Central Pool is maintained by the Government of India (GOI) / Central Government for meeting the prescribed minimum buffer stock norms for food security, monthly release of food grains for supply through Targeted Public Distribution System (TPDS) and Other Welfare Schemes (OWS), ...
Is India self sufficient in food?
The country is home to 270 million hungry people, the highest in the world. India stands 97th in Oxfam's Food Availability Index, and 103rd in the 2018 Global Hunger Index. A country can be called self-sufficient only when it produces enough to meet its domestic needs.
Which country is No 1 in agriculture 2021?
China is the world's largest grain producer, yet has grown more dependent on food imports in recent decades. Much of India's output is produced by subsistence farmers and consumed locally.
Who is the biggest farmer in India?
And implementing other methods of cultivation now earns more than a crore yearly. Pramod Gautam created a unique identity among the farmers, the biggest farmer in India.
Is FCI a public company?
Food Corporation of India (FCI) is a Public Sector Undertaking, under the Department of Food & Public Distribution, Ministry of Consumer Affairs, Food and Public Distribution. FCI is a statutory body set up in 1965 under the Food Corporations Act 1964.
Who runs the Food Corporation of India?
1. Sh. Sanjiv Kumar, Chairman & MD, FCI, New Delhi.
Who is the head of FCI?
Subodh Kumar SinghDirectory Of Officers Sl NoNameEmail Id1Subodh Kumar Singh, IASchairman[dot]fci[at]gov[dot]in2Dr. Ajit Kumar Sinhaedsandc[dot]fci[at]gov[dot]in , edt[dot]fci[at]gov[dot]in3Piush Kumar Gupta, IRSSEedv[dot]fci[at]gov[dot]in4Bijay Kumar Singh,IPSedp[dot]fci[at]gov[dot]in, edengg[dot]fci[at]gov[dot]in16 more rows
Missing trucks
The diversion of trucks starting from Punjab and headed to the depot in Baramulla was flagged in early 2016 by whistleblowers within the Food Corporation of India. The corporation’s branch in Kashmir then sent an inspection team to look into the allegations.
Fudged records
Apart from the missing trucks, the inspection team found that, except for a record of receipt and dispatch of foodgrain in first three months of 2016, complete records were not maintained at the depot. The food corporation audits all its depots every three months. At the end of each audit, the official said, the auditors “duly sign registers”.
Fixing responsibility
The FIR filed by the CBI based on the food corporation’s complaint names six individuals – the depot’s owner Nirbhay Trehan and private employees Majid Ahmad Wani and Danish Nissar Kar, and three food corporation officials, Kirti Kumar, Firdaus Wani and Hilal Ahmad Dar. Kumar was the depot’s manager.
Attempting cover-up?
The case of the two food corporation officials named in the FIR has run into controversy. In its complaint to the CBI, the corporation had named both Dar and Wani as its officials who were part of the racket. It had also served them a show cause notice.
Huge losses on procured grains and rising debt are a big concern
FCI (Food Corporation of India) is sitting on a mountain of wheat and paddy. In January, the total stock of rice and wheat with FCI was 45.4 million tonnes. This increased to 46.3 million tonnes by April and touched 62.2 million tonnes in May.
Problems with open market sale
FCI releases wheat and rice at predetermined prices in the open market only during the lean season. It invites tenders and sells it to bulk consumers and private traders. The State Governments/ Union Territory Administrations are also allowed to participate in the auction if they require wheat and rice outside TPDS.
Why fix it lower?
Now, why is the reserve price fixed lower to the economic cost? Market sources say that this may be due to the FCI’s desperation to offload excess food stocks.
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What happens if you lose a stock certificate?
Whether you have misplaced or accidentally destroyed a certificate for stock you know you own, or are dealing with an estate that you believe owned shares of stock that can't be located, a few steps may lead to recovery of the missing shares. The Social Security number or tax ID and name of the registered owner – and in some cases ...
Can you find a deceased relative's stock?
Sometimes you know a deceased relative held a position in a stock he swore never to sell, but you can't find the certificates or evidence of a current position in that stock at his brokerage firm. If your lost shares are long-term stock holdings, check to see if the company you remember was acquired or changed its name.
