PM inaugurates development works in Dhar, MP (See 'Corp Brief') Khattar leads National Launch with adoption of Bhalswa Dumpsite for Remediation (See 'Corp Brief') PMLA - While granting Bail in non-bailable offences where trial has not yet commenced, Court should consider nature & seriousness of offence, character of evidence, reasonable possibility of presence of accused not being required at trial: HC (See 'Legal Desk') ESIC to hold Health Camps across 160 Hospitals and 1,600+ Dispensaries (See 'Corp Brief') Armed Forces shape future roadmap at Combined Commanders' Conference 2025 (See 'Corp Brief') SEBI - Role of merchant broker is crucial as facilitator in securities market and every merchant broker shall abide by provisions of SEBI Regulations and various guidelines issued by Stock Exchanges: SEBI (See 'Legal Desk') Ministry of Mines advances India's Critical Mineral Mission (See 'Corp Brief') India embraces global partnership in healthcare: Pharma Secy (See 'Corp Brief') CMD, SAIL reflects on resilience, transformation and future readiness at Company's 53rd AGM (See 'Corp Brief') Hindustan Copper introduces Common Uniform for all (See 'Corp Brief') CCI nod to JSW Paints to buy 75% stake in Akzo Nobel (See 'Corp Brief') IBC – If substantial assets or a new line of business is discovered which goes beyond the capacity of the PRAs or where the existing PRAs will not be able to provide value for the same, fresh Form G may be required: IBBI (See 'Legal Desk') CBDT, field offices to undertake Special Campaign 5.0 for swachhata and efficiency (See 'Corp Brief') CCI approves acquisition of Jaiprakash Associates by PNC Infratech (See 'Corp Brief') CCI allows Triumph Composites to buy entire equity of IPM & OC India into Owens-Corning (See 'Corp Brief') Reddy launches Corporate Salary Package & Enhanced Ex-Gratia for Coal India Workforce (See 'Corp Brief') Competition Act - Conduct being indulged into by OP prima facie amounting to imposition of unfair conditions upon dealers by OP in sale of decorative paints, is contravention of Sec 4(2)(a)(i): CCI (See 'Legal Desk') PM inaugurates infra projects worth Rs 40000 Crores in Bihar's Purnea (See 'Corp Brief') India positioned to become world's top automobile manufacturer: Gadkari (See 'Corp Brief') Startup India-DPIIT signs MoU with CarDekho Group to strengthen ecosystem in mobility (See 'Corp Brief') Companies Act - If sale of disputed property was done with a fraudulent intention by concealment of fact qua pending winding up petition by directors qua purchasers, then process u/s 531, 531A, 533, 536(2), 537 of Companies Act is frustrated: HC (See 'Legal Desk') Nation gears up for Swachhata Hi Seva 2025 (See 'Corp Brief') EPFO Officer selected for World Bank - Milken Institute Program (See 'Corp Brief') Centre to promote research and preserve Heritage languages and traditions (See 'Corp Brief') Competition Act - Seller's right to withhold any gains from liquidation arises only when buyer refuses to lift contracted material and did not perform his part of contractual obligations: CCI (See 'Legal Desk') 'National Agriculture Conference - Rabi Abhiyan 2025' to begin in New Delhi today (See 'Corp Brief') A country cannot feel sense of pride if own people do not speak native language: HM (See 'Corp Brief') DFS organises PSB Manthan 2025 (See 'Corp Brief') PMLA - If additional proceeds of crime are unearthed by ED during further investigation, then it can inform CBI for taking further necessary action at their end: SAFEMA (See 'Legal Desk') IICA DG highlights ESG Integration and IBC 3.0 at Corp-Con 2025 (See 'Corp Brief') Prajapati Assumes Charge as Director of All India Institute of Ayurveda (See 'Corp Brief') SEBI - Fact that transactions in particular contract were reversed with same counterparty indicates prior meeting of minds with view to execute reversal trades at pre-determined price: SEBI (See 'Legal Desk') Board to Report what's Right what's Not (See CORP EINSICHT)

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.

TIOL CORP SEARCH

TIOL GROUP WEBSITES