-The Indian Express Third tranche of COVID-19 economic package: Not only can farmers sell to anyone and anywhere, but traders and processors, too, will be able to freely buy, stock and move any quantity of agri-produce within the country. Barely seven months after imposing limits on the maximum quantity of onion any wholesaler or Retailer could keep, the Narendra Modi government on Friday announced what may turn out to be a defining...
More »SEARCH RESULT
Logistic constraints: Few takers among Retail biggies for direct purchase from farmers -Prabhudatta Mishra
-Financial Express Except Madhya Pradesh, no other state has so far acted upon the Centre’s advisory, leaving farmers, the intended beneficiaries of the move, high and dry. The Centre’s April 4 directive to states, asking them to facilitate direct purchase of farm produce including grains, pulses and fruits and vegetables by big Retailers, aggregators and food processors hasn’t produced any immediate results. Except Madhya Pradesh, no other state has so far acted...
More »Banks red-flag looming Retail loan default, push for 6-month moratorium -George Mathew & Anil Sasi
-The Indian Express The extended lockdown across the manufacturing and services sectors, the resultant job losses along with the wave of salary cuts are projected to start impacting the repayment capacity of Retail borrowers. Mumbai/ New Delhi: The possibility of loan defaults spilling over from the corporate sector to the Retail segment, a key growth area for lenders in recent years, has been flagged as a growing concern by bankers at a...
More »Entry of general public banned in Sahibabad market after videos of crowds gathering emerge -Peeyush Khandelwal
-Hindustan Times After videos of people flouting of norms of social distancing went viral, officials banned the entry of general public in Ghaziabad’s biggest government vegetable market — Sahibabad Mandi. The officials said that from now on only the wholesalers and Retailers will be allowed to enter the market and operations will take place between 10pm to 7am. The decision was taken by officials when, two days ago, some videos went viral...
More »Relief for farmers: Centre eases agri produce sale rules amid Covid-19 -Rajesh Bhayani
-Business Standard Allows farmers to sell produce directly to Retail chains, bulk buyers for 3 months Mumbai: A series of central government notifications and letters to states in the past two days will enable agri and food products to reach consumers in a timely and efficient manner. The measures include limiting jurisdiction of APMCs (Agricultural Produce Market Committees) to their physical premises, allowing big Retailers and even commodity processors to buy directly from...
More »