The CCEA today approved a short-term loan of 5,000 crore rupees for Food Corporation of India (FCI). The move is aimed to help the organisation meet its working capital requirements this fiscal.According to an official release, FCI, the nodal agency for procurement and distribution of food grains, will repay the loan in the next fiscal. The CCEA noted that this arrangement of financing (short-term loan) would be cheaper than the option of hiking the FCI's cash credit limit (CCL) to enable it to borrow more funds.The Cabinet Committee on Economic Affairs (CCEA) also approved fast moving consumer goods giant Reckitt Benckiser's plan to invest around 3,300 crore rupees via a subsidiary to fund its acquisition of Paras Pharmaceuticals Ltd. In December last year, Reckitt Benckiser had agreed to fully acquire Ahmedabad based Paras Pharmaceuticals Ltd. Paras Pharma is a privately-owned firm with a portfolio of leading over the counter health and personal care brands.