HM inaugurates 'Gujarat Gaurav Sarovar' in Amreli, Gujarat (See 'Corp Brief') IPR - In action for passing off involving composite trademarks, anti-dissection rule is paramount: HC (See 'Legal Desk') Chouhan joins Khelo India Samvaad at Mata Sundari College in Delhi (See 'Corp Brief') Trade Mark - Mocha vs Mocha Kaffee - Injunction granted on use of deceptively similar and phonetically similar trade mark - prima facie case is made out that latter mark intents to ride on strong goodwill & reputation of the former: HC (See 'Legal Desk') SIDBI organizes conclave of Heads of RRBs for MSME Co-Lending arrangement (See 'Corp Brief') Prasada strengthens India-Morocco Economic Partnership (See 'Corp Brief') India, Seychelles hold Bilateral Meeting to strengthen Strategic Cooperation in Fisheries (See 'Corp Brief') IBC - Violation of the principles of natural justice cannot be alleged when a financial institution denies an extension of time under circumstances marked by deliberate dilatory tactics: HC (See 'Legal Desk') CAQM conducts Special Surprise Inspection drive in Loni, Ghaziabad (See 'Corp Brief') High-Level Meeting between Indian Coast Guard and Vietnam Coast Guard held in Chennai (See 'Corp Brief') Limitation - Sufficient cause u/s 5 cannot be construed so liberally as to condone gross negligence, prolonged inaction or lack of bona fide - discretion to condone delay be exercised judicially rather than on sympathetic considerations: HC (See 'Legal Desk') PMFME Conclave 2026 Concludes with Recognition of Top-Performing States & Banks (See 'Corp Brief') CCI okays acquisition of stake in Kestrel Coal Group by Yancoal Australia (See 'Corp Brief') CCI approves acquisition of 100% share capital of Tao Digital Solutions by Cyient Ltd (See 'Corp Brief') IPR - Without solid proof of 'deceptive similarity' or established market 'goodwill,' brand owner cannot restrain competitor from using common descriptive words or distinct symbols: HC (See 'Legal Desk') CSR must move beyond expenditure to outcomes & value addition for communities: IICA (See 'Corp Brief') Scindia commends C-DOT Scientists, Researchers and Young Officers (See 'Corp Brief') IPR - Applicant may correct or amend trademark application so long as change does not amount to substantial alteration of mark originally applied for: HC (See 'Legal Desk') Railways launches Special Drive for Disinfection of Drinking Water Tanks (See 'Corp Brief') Regional Manthan Conference on Road Safety held (See 'Corp Brief') Minister highlights successful Blended Green-Finance Framework for Land Restoration (See 'Corp Brief') IPR - Mere addition of descriptive suffix or insertion of corporate descriptors in trade name, does not sufficiently distinguish, particularly when competing goods target same class of consumers: HC (See 'Legal Desk') India Post accelerates Digital and Infrastructure Transformation with Upgraded Dak MITRA (See 'Corp Brief') NA-Allocated Talabira II & III Coal Mines mark Record Production in FY 2025-26 (See 'Corp Brief') MeitY Startup Hub, MSH Emerging as Key National Enabler for India's Startup (See 'Corp Brief') SEBI - Bail denied where alleged offences involve large-scale cheating of investors and mobilisation of public funds, causing harm to individuals as well as to public confidence & economy: HC (See 'Legal Desk') India-Cambodia Bilateral Trade grows over 36% to USD 406.78 Million (See 'Corp Brief') India restored 21.76 mn ha land during 2011-2020: Yadav (See 'Corp Brief') IBC - Extraordinary remedies such as forensic audit u/s 241-242 of Companies Act cannot be granted on mere allegations or shareholder distrust: NCLT (See 'Legal Desk') NCSK distributes Appreciation Certificates among Outstanding Safai Karamcharis (See 'Corp Brief') Stakeholders explore actionable measures to promote inclusivity across financial institutions (See 'Corp Brief') SEBI - Writ court's intervention not needed in respect of a preliminary SCN proposing to conduct an inquiry & giving opportunity to petitioner to present objections: HC (See 'Legal Desk') EPFO urges establishments to utilize Employees' Enrolment Campaign, 2026 (See 'Corp Brief') SEBI - Regulator cannot substitute its own commercial judgment for business decision of a company in relation to funding its wholly owned subsidiary: SAT (See 'Legal Desk') MoS delivers inaugural address at BRICS Science Ministerial Meet at Chennai (See 'Corp Brief') SEBI - Noticee cannot be held liable for carrying out unregistered investment advisory activities or for promising assured returns where evidence does not exist to show that Noticee conducted core advisory activities: SEBI (See 'Legal Desk') Tete-a-tete around AI in banking sector often begins with algorithms (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