-The Times of India MUMBAI: The Union ministry of consumer affairs on Thursday decided to ban the 'dual' MRP policy, a practice through which sellers charge a higher MRP for their products in certain spaces like malls, airports and hotels. As per the order, which comes into force starting January 1, 2018, Companies will not be allowed to charge a different price for water, soft drinks or snacks at premium locations. The decision...
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Finance Ministry aims to set up anti-profiteering body by August -Surabhi
-The Hindu Business Line Firms seen to be largely cooperating New Delhi: To clear confusion over the new prices of items under the Goods and Services Tax, the Finance Ministry is working to set up a National Anti-Profiteering Authority to curb any unwarranted price hikes. “The process for selection of members and the Chairman will start soon. We are working to ensure that the authority can be set up by early next month,...
More »Farmers from Maharashtra to sell produce directly in Delhi -Parthasarathi Biswas
-The Indian Express The FPC movement in Maharashtra has seen much action over the last year or so. Working under the banner of MahaFPC, the FPCs had purchased more than 25,000 MT of tur last year. Pune: After their success in government procurement, the Farmer Producers Companies (FPCs) of Maharashtra are eyeing the wholesale markets in other states as avenues for their produce. In the first phase MahaFPC, the consortium of...
More »Anti-Graft Forum Questions Centre's Appointment of Firm Accused of Scams for Black Money Probes -Gaurav Vivek Bhatnagar
-TheWire.in PricewaterhouseCoopers, convicted in the Rs 7,000 crore Satyam scam, had also audited accounts of Vijay Mallya’s firm and the Global Trust Bank, which collapsed. New Delhi: The Narendra Modi government’s appointment of PricewaterhouseCoopers (PwC) India to key projects like black money probes, Digital India, Make in India and Smart Cities project has been questioned by the Citizens Whistleblowers Forum. The group has also expressed concern over the RBI’s engagement of the...
More »Collective farm gate procurement offers solutions to cover price crashes -Ajit Kanitkar
-VillageSquare.in Farmer producer Companies have started to play an important role in procurement from smallholders, which guards against price crashes that has been plaguing marginalized farmers across the country despite record harvests The agricultural seasons of 2016-17 (Kharif and Rabi) have not been favorable for farmers across the country. In spite of the near-normal monsoon rainfall in India in 2016 coupled with record farm production, wholesale and retail prices for agricultural commodities...
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