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In Rabi season, Centre hikes daily procurement limit under PSS
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SME Times News Bureau | 09 Apr, 2020
The Centre has approved the enhancement, from 25 quintals to 40
quintals, of daily procurement limit per farmer per day under the Price
Support Scheme (PSS), where government agencies like Nafed, SPAC and
other state-owned agencies procure pulses and oil seeds at minimum
support price (MSP).
A senior official in the Agriculture
Ministry said to deal with issues arising out of nationwide lockdown in
view of Covid-19 pandemic the competent authority has approved the
enhancement of daily procurement limit per farmer per day from 25
quintals to 40 quintals "by relaxing the provisions of PSS guidelines
2018 at para A (iii) of chapter III, as a onetime measure for
procurement under PSS during Rabi marketing season 2020".
The
procurement shall continue for 90 days from the date of commencement of
procurement. "This shall supersede the procurement period mentioned in
the earlier orders for the Rabi season 2020. The other terms and
conditions will remain the same as issued", said an official
communication.
The Centre has also invited proposals from the
state governments and Union Territories for implementation of the Market
Intervention Scheme (MIS) for the procurement of perishable agriculture
or horticulture crops, whose prices have gone down recently.
According
to a circular issued by the Agriculture Ministry, the objective of the
intervention is to protect the farmers involved in these commodities
from making distress sales in the event of a bumper crop during the peak
arrival period when the prices tend to fall below economic levels and
cost of production.
The condition is that there should be either
at least a 10 percent increase in production or a 10 percent decrease
in the ruling market prices over the previous normal year. The extent of
loss to be shared on a 50:50 basis between the Central government and
the state government is restricted to 25 percent of the total
procurement value which includes cost of the commodity procured plus
permitted overhead expenses.
"Under the scheme, in accordance
with MIS guidelines, a pre-determined quantity at the fixed MIP (market
intervention price) is procured by the agencies designated by the state
government for a fixed period or till the prices are stabilized above
the MIP whichever is earlier," said the circular.
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