RE sector set to dominate Indian power industry: Secretary (See 'Corp Brief') Puri addresses CII Bioenergy Summit (See 'Corp Brief') National Electricity Plan launched (See 'Corp Brief') Competition Act-Seeking opinion of any statutory authority such as TRAI under provisions of Section 21A is prerogative of Commission and may be exercised in appropriate cases: CCI (See 'Legal Desk') Minister appeals to all Stakeholders to join hands to achieve 2,100GW by 2047 (See 'Corp Brief') Centre ensuring adequate arrangements for paddy procurement in Punjab (See 'Corp Brief') IBC-Non-conduct or any lapses in performing activities prescribed during CIRP, within stipulated timeframe, results in delaying whole resolution process, defeating objectives of IBC: IBBI (See 'Legal Desk') Minister inaugurates Rooftop Solar Power Plant in GSITI Hyderabad (See 'Corp Brief') IBC -Principle of taking over Corporate Debtor under Resolution Plan, will also apply to taking over by way of acquisition plan as per 'clean slate' principle of IBC: HC (See 'Legal Desk') FEMA -Every Adjudicating Authority shall have same powers of Civil Court which are conferred on Appellate Tribunal under Section 28 (2): TRIBUNAL (See 'Legal Desk') Ministry of Health celebrates two years of Tele MANAS (See 'Corp Brief') Arbitration -Court has limited jurisdiction under section 34 of 1996 Act and cannot scrutinize decision of Arbitrator: HC (See 'Legal Desk') MoS calls for synergy in Science Ministries to maximize impact (See 'Corp Brief') Competition Act-Intervention of High Court at stage of order under Section 26(1) is pre-mature and ought to have waited for CCI to come to conclusion: HC (See 'Legal Desk') CCI approves acquisition of 43% of JM Financial Credit Solutions' shares by JM Financial Ltd (See 'Corp Brief') Trademarks Act- Tribunal can cancel registration of trade mark on ground of contravention, or failure to observe condition under Act: HC (See 'Legal Desk') TCIL pays dividend to Govt (See 'Corp Brief') IBC, 2016- Non- cooperation with board and becoming non-responsive to communications made by board without any plausible reasons is held as contravention of provisions of IBC: IBBI (See 'Legal Desk') CCI okays acquisition of Personal Care division of Patanjali by Patanjali Foods (See 'Corp Brief') IBC- Presence of arbitration clause in contract does not bar an operational creditor from filing application under Section 9: NCLT (See 'Legal Desk') PMLA- Attaching movable and immovable property not part of proceeds of crime or of equal value is illegal: TRIBUNAL (See 'Legal Desk') 'Accord and satisfaction' & Arbitration (See 'CORP EINSICHT') BHP, SAIL sign MOU to accelerate potential pathways to steel decarbonisation (See 'Corp Brief') FSSAI convenes meeting of Rice Millers and Fortified Rice Kernel manufacturers (See 'Corp Brief') IBC - Disciplinary committee can be comprised and equated with one whole time member: HC (See 'Legal Desk') CCI conducts Workshop on Competition Law in Collaboration with NALSAR (See 'Corp Brief') Minister lays foundation stone of two projects of CCL (See 'Corp Brief') IBC - Failure to include specific agenda of withdrawal of Corporate Insolvency Resolution Process in Committee of Creditors meetings attracts penalization u/s 208 of Code: IBBI (See 'Legal Desk') RM to inaugurate DefConnect 4.0 (See 'Corp Brief') Arbitration - Referral court should limit its enquiry to examining whether Sec 11(6) application has been filed within period of limitation of three years or not: SC LB (See 'Legal Desk') IIPA should work in sync with Karmayogi program for training officers: Minister (See 'Corp Brief') PMLA - Stringent bail provisions and delay in trial can't go together: SC (See 'Legal Desk') Milk production is up by 57.62% in last 9 years: Union Minister (See 'Corp Brief') Cr P C-Precedent of another case alone shall not be basis for either grant or refusal of bail irrespective of nature and gravity of charge, though it may have bearing on principle: HC (See 'Legal Desk') Minister inaugurates HCL's Surda Mine Operations (See 'Corp Brief') PMLA, 2002 - Sezied documents which are relied upon documents in police case cannot be released by Court: Tribunal (See 'Legal Desk')

Centre ensuring adequate arrangements for paddy procurement in Punjab

Published: Oct 15, 2024

By TIOLCorplaws News Service

NEW DELHI, OCT 15, 2024: UNION Minister of Consumer Affairs, Food & Public Distribution met with Chief Minister of Punjab here yesterday, to discuss issues related to the ongoing paddy procurement in KMS 2024-25 in Punjab. Paddy procurement in Punjab has commenced in Punjab from 1st October, 2024 and is proceeding smoothly.

Procurement of 124.14 lakh metric tonnes of rice was estimated from Punjab last year, in KMS 2023-24, which was 100% achieved. This year for KMS 2024-25, Government of India has already approved an estimated procurement of 124 lakh tonnes of rice from Punjab which is equivalent to 185 lakh tonnes of paddy and Government of India is procuring the same from the State without any restrictions.

More than 2200 Mandis are functional currently in Punjab for paddy procurement this year and as on 13.10.2024, out of total arrival of around 7.0 lakh tonnes of paddy, approx. 6.0 lakh tonnes have already been procured for central pool. Paddy procurement will continue as usual till 30.11.2024.

Adequate storage arrangements have been made to avoid any difficulty in smooth operation of paddy procurement. To accommodate the inflow of CMR (Custom Milled Rice), a detailed plan has already been prepared to provide about 40 lakh tonnes of storage space by liquidating previous stocks of wheat as well as that of rice from the covered godowns available in Punjab by December 2024.

To ensure that farmers do not face any difficulty during procurement operations, adequate arrangements including online registration of farmers, integration of land records, digital procurement operations and online transfer of MSP payments, have been made. Arrangements have been made to ensure full payment of MSP to farmers directly into their bank accounts, usually within 48 hours.

Several other issues which inter alia included review of the rates of Commission on procurement of paddy, updation of WINGS portal and Out Turn Ratio (OTR) of Paddy to Rice were discussed. The issue regarding additional transportation charges being incurred by the millers was also discussed.  It was assured that the same will be examined favorably and resolved.

Revision of the rates of commission charges is under active consideration of the Government and a decision in the matter will be taken shortly. A study on OTR and Driage of Paddy is ongoing at IIT Kharagpur.

Updation of data/ fields on WINGS (Warehouse Inventory Network & Governing System) portal has been done and its visibility to all stakeholders is now available.

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