-The Hindu Business Line Proposes single trading licence, single-point levy of market fee New Delhi: The Agriculture Ministry has come up with a new model Agricultural Produce Market Committee (APMC) Act proposing single-point levy of market fee across a State and a united single trading licence for cost-effectiveness of transactions. It has also suggested abolition of fragmentation of market with the State/Union Territory by removing the concept of notified market area insofar as...
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Bets on India's normal monsoon seen at risk on El Nino outlook -Pratik Parija
-Livemint.com While initial monsoon forecast bodes well for the season that accounts for over 70% of annual rainfall, IMD also predicts of 50% chance of weak El Nino formation from Sept New Delhi: India’s annual monsoon forecast sends social media into overdrive and is splashed across newspapers. This year’s outlook has some analysts warning that weather watchers may be disappointed. India is set for a normal June to September monsoon, with rainfall...
More »Drop in pulses prices despite good rains reveals India's flawed agri policy -Abhishek Waghmare
-IndiaSpend The drop comes despite a good monsoon in 2016 A good monsoon that led to record sowing and production of pulses–especially tur dal (pigeon pea)–has almost halved their wholesale and retail prices in 2017, a year after dal prices skyrocketed to Rs 200 per kg in some cities at the end of 2015. In many state-regulated agricultural markets of major tur-producing states such as Maharashtra and Karnataka, prices have fallen to Rs...
More »1.37 crore who don't file returns are now on Income Tax radar -Aanchal Magazine & Anil Sasi
-The Indian Express The department is employing what it calls a “360 degree profiling” of taxpayers ARMED WITH information on cash deposits of over Rs 2 lakh by tax assessees through a newly inserted column in the income-tax returns for 2017-18, the tax department has started the process of scrutinising and matching details with those provided earlier by banks and financial institutions. Alongside this, a list has been readied of about 1.37 crore...
More »Karnataka wants Centre to buy more tur for buffer stocks, extend purchase period -Vishwanath Kulkarni
-The Hindu Business Line Bengaluru: Prices of tur (red gram) continue to rule below the minimum support price (MSP) levels in Karnataka, though procurement of the pulses crop is seen registering a 10-fold increase in the current year over the previous high. As a result, the State is approaching the Centre to increase procurement by another 1.5 lakh tonnes while extending the purchase period by a month. “The procurement we have done this...
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