Nadda to inaugurate Arogya Manthan 2026 at Vigyan Bhawan (See 'Corp Brief') IPR - Civil remedy u/s 55 of Copyright Act can be pursued through arbitration as agreed alternative dispute resolution mechanism: HC (See 'Legal Desk') Railways approves Rs 166 Crore for construction of Road Over Bridge in Vadodara (See 'Corp Brief') ICAR-CMFRI advises Consumers Not to Avoid Tuna (See 'Corp Brief') IPR - Scheduled Commercial Bank which is registered proprietor of well-known formative trademarks can maintain commercial suit for infringement and passing off against unauthorised third parties who use those marks on social media to hold themselves out as agents capable of procuring loan settlements: HC (See 'Legal Desk') Indo-Africa Roundtable on WASH held as part of India International WASH Conference (See 'Corp Brief') Naik holds meeting with European Parliament's Committee on Industry (See 'Corp Brief') A&C - If a company is employed as conduit for shielding assets from creditors, Court may look beyond corporate structure, for piercing veil: HC (See 'Legal Desk') CCI approves acquisition of Onesto Labs by L'Oréal India (See 'Corp Brief') CCI approves acquisition of equity share of IIFL Capital by FIH Mauritius (See 'Corp Brief') IPR - If party adopts mark that is deceptively similar to registered mark for identical goods, with full knowledge of prior statutory and common law rights, such adoption constitutes infringement: HC (See 'Legal Desk') National Rainfed Area Authority organizes High Level meeting for Watershed Development (See 'Corp Brief') Railways connects Remote Area of South Chhattisgarh (See 'Corp Brief') IPR - Requiring plaintiff to sue at place of its subordinate office because cause of action has arisen there would amount to re-writing Sec 134 of Trade Marks Act: HC (See 'Legal Desk') Rs 46 Crore released for Rehabilitation of Persons Engaged in Begging (See 'Corp Brief') FEMA - The fact that penalty falls within statutory maximum does not, by itself, validate quantum imposed: HC (See 'Legal Desk') Experts deliberate on WTO Fisheries Subsidies Pact & Implementation Challenges (See 'Corp Brief') Companies Act - Admission of winding-up petition, appointment of provisional liquidator or liquidator, or possession of assets by liquidator does not, by itself, establish irreversibility thereof: HC (See 'Legal Desk') 7th High-Level meeting of OPEC-India Energy Dialogue held in Delhi (See 'Corp Brief') Competition - Formulation of technical specifications & procurement requirements falls primarily within domain of procuring entities, which are at liberty to set terms suited to their needs - no case of contravention of Sections 3 or 4 is made out: CCI (See 'Legal Desk') NHAI signs MoU with SSNNL to simplify Approval Framework for NH (See 'Corp Brief') PMLA - Provisional attachment order unsustainable when there is no apprehension or evidence that subject property is likely to be transferred, concealed or in some way disposed off so as to frustrate confiscation proceedings: SAFEMA Tribunal (See 'Legal Desk') Union Minister inaugurates WWF Global Conservation Conference at Jaipur (See 'Corp Brief') Ministry of MSME gears Up for Special Campaign 6.0 on Swachhata (See 'Corp Brief') SECI celebrates 15th Foundation Day with Stakeholders' Meet (See 'Corp Brief') A&C - Agent cannot claim cross-contractual lien over principal's property for dues arising under separate agreements in absence of express contractual provision permitting such retention: HC (See 'Legal Desk') Coal India advances Technology-led Diversification Across Energy & Minerals (See 'Corp Brief') Digital India RISC-V Grand Challenge under C2S Programme awarded to 3 teams (See 'Corp Brief') IBC - Arrangement of funds to enable corporate debtor to clear its liabilities, coupled with transfer of funds from cooperative bank loan account of applicant directly to bank, is not valid loan disbursement under IBC: NCLT (See 'Legal Desk') Vaishnaw highlights ISM 2.0, indigenous design, manufacturing, talent and India's emergence (See 'Corp Brief') SEBI - SEBI, acting as statutory market regulator, is duty-bound to issue a reasoned, speaking order when a decision carries serious civil consequences for acquirer, target company & investors: SAT (See 'Legal Desk') An unsuccessful 'success fee' litigation (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