Govt transfers Rs 33,000 crore to Punjab, Haryana farmers in lieu of wheat procured so far

Procurement of wheat in Punjab and Haryana has been progressing well despite the second wave of Covid-19. The Centre has reached the target of 21 million tonnes (MT) a fortnight before the closure of the official purchase in Punjab and Haryana, the epicentres of the farmers’ agitation. The government has transferred more than Rs 33,000 crore to bank accounts […]

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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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Indian government procures paddy worth Rs 1.06 lakh crore so far this kharif season, 25% above normal

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The government has procured 25 per cent more paddy so far in this kharif marketing season at 564.17 lakh tonnes for Rs 1,06,516 crore amid farmers’ protest against three new farm laws. Kharif marketing season runs from October. “In the ongoing Kharif Marketing Season (KMS) 2020-21, government continues to procure Kharif 2020-21 crops at MSP […]

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Indian government procures paddy worth Rs 84,928 crore this kharif season so far; high cotton arrivals

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Paddy procurement has increased by 25 per cent in this kharif marketing season so far to 449.83 lakh tonnes at the minimum support price (MSP), valued at Rs 84,928.10 crore. “In the ongoing Kharif Marketing Season (KMS) 2020-21, Government continues to procure Kharif 2020-21 crops at its MSP from farmers as per its existing MSP […]

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Origo to unveil e-auction platform in February; planning to cover three more states

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Gurugram-headquartered agri-tech startup Origo Commodities, primarily known for post-harvest agriculture supply chain management specialization, is getting ready to add major digital components to its operations before the end of the current fiscal. Speaking with indoasiancommodities, Sunoor Kaul, Co-Founder & Director of the firm said the company is all set to unveil a dedicated e-auction and […]

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Food Corporation of India to offer fixed costs to arhatiyas (commission agents) for rice procurement in Punjab and Haryana

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The Food Corporation of India (FCI), the largest procurer of farm produce from the APMC mandis, has started a paying a fixed fee for commission agents (arhatiyas) in Punjab and Haryana, for rice purchases during the current kharif season, instead of an MSP-linked fee. The move could deflate the FCI’s procurement cost over the years, […]

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