Rabi procurement to begin from 1 April in Haryana; wheat in Punjab rescheduled from 10 April

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The procurement process of rabi crops will start from April 1 in Haryana with Chief Minister Manohar Lal Khattar directing authorities to ensure transfer of full payment directly into farmers’ bank account. Presiding over a review meeting regarding procurement process of rabi crops here, the Chief Minister directed the concerned officials to make all necessary […]

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India slowly gets rid of subsidy on kerosene by gradual smaller price hikes

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The government of India has eliminated subsidy on poor man’s fuel, kerosene through small fortnightly price increases. Kerosene sold through the public distribution system (PDS) is now priced at market rates. The Union Budget for 2021-22 makes no provision for payment of subsidy on kerosene in the fiscal year beginning April, according to budget documents […]

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Corporate entities purchase directly from farmers at rates marginally higher than local mandi prices

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Traders and corporate houses are purchasing from farmers at rates marginally higher than the local mandi prices in the case of many crops such as paddy, bajra and soyabean. To say the very least, a part of the savings on mandi fees/taxes and arathiya commission are being passed on to farmers by them. Corporate buyers […]

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NCDC sanctions Rs 19,444 crore to three states for paddy procurement at MSP

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National Cooperative Development Corporation (NCDC), the apex financing organization of the agriculture ministry, has sanctioned as first instalment, funds amounting to Rs 19,444 crores to the states of Chhattisgarh, Haryana and Telangana for kharif paddy procurement under minimum support price (MSP) operations, according to a government statement. Chhattisgarh gets the highest amount to the tune […]

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Procurement season begins: paddy worth Rs 10.53 crore procured in two days at government-approved MSP

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Amid widespread farmers’ protest against the new farm laws, the Centre has come out with the latest data of paddy procurement in the last 48 hours to allay any apprehensions over the minimum support price (MSP) buying. “About 5,637 tonnes of paddy at MSP of Rs 1,868 per quintal has been procured from farmers of Haryana and Punjab till September 27. […]

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NTPC, India’s national power company, plans buyouts to enter distribution business

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State-run NTPC said that it is “actively looking for” opportunities in the business of power distribution, a move that gels with its diversification drive. NTPC’s chairman and managing director Gurdeep Singh unveiled the plan at the company’s annual analysts and investors meet. The company is looking for candidate with 25 years of power industry experience […]

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