Govt to further import 80,000 MT Masur, 90,000MT Tur
The Dollar Business Bureau In a bid to buffer stock of pulses, the Government of India has directed a further import of 80,000 MT masur and 90,000MT tur. The development was given a green signal during a meeting of Price Stabilization Fund, which reviewed the procurement and distribution of pulses from buffer stock. The meeting was chaired by Union Consumer Affairs Secretary Hem Pande. The government will be fetching the pulses via imports to the tune of 1, 81,000 MT, out of which 36,000 MT have already arrived. The domestic market and farmers have also contributed to the stock with 1,20,000 MT pulses. The Department of Consumer Affairs has asked the National Cooperative Consumers' Federation of India (NCCF) and National Agricultural Cooperative Marketing Federation ...
Government agencies to get Rs.113 cr reimbursement for losses on pulses import
Source: PIB, Government of India The Union Cabinet, chaired by Prime Minister Narendra Modi has approved the proposal of the Ministry of Consumer Affairs, Food & Public Distribution, to reimburse Rs.113.40 crore of losses on pulses imported between 2006-2011. The imported agencies include National Agricultural Cooperative Marketing Federation (NAFED), Project and Equipment Corporation (PEC), State Trading Corporation (STC) and Metals and Minerals Trading Corporation (MMTC), apart from losses incurred in the sale of pulses up to six months after closure of the scheme. This will enable the Central PSUs to intensify trading activities to cool down prices. In order to ensure retail distribution to the consumers, it was decided to import 5,000 tonnes of Tur Dal and 5,000 tonnes of Urad Dal ...
Govt expedites onion imports, raises MSP to $700/tonne
Source: PIB, Government of India Government of India has been keeping a close watch on the rise in prices of Onions. A decision has been taken by the government to import onions and a tender has also been floated for 10,000 MT of onions which will be opened on August 27, 2015. To increase the availability of onions in domestic market, it has been decided to raise Minimum Export Price of onions further to $700 per MT. MEP was last increased from $ 250 per MT to $425 per MT. on June 26, 2015. The prices of onions are being reviewed regularly. A meeting is again being held by Secretary (Consumer Affairs) on August, 24, 2015 with SFAC, NAFED, MMTC, Department ...
