MoSPI has initiated measures to strengthen accountability in data collection (See 'Corp Brief') Govt expands Youth Skill Development through NSS, Skill India Mission and NEP Initiatives (See 'Corp Brief') Govt boosts Renewable Energy Awareness Nationwide (See 'Corp Brief') Misc - Doctrine of lis pendens u/s 52 of TOPA is not applicable to transfer of property that occurs before institution of suit concerning that property, especially when transferor is not party to subsequent suit: HC (See 'Legal Desk') CCI organises 11th Edition of National Conference on Economics of Competition Law (See 'Corp Brief') India submits Report on Implementation of Nagoya Protocol for Biodiversity (See 'Corp Brief') MSME Champion Scheme progressing well towards achieving its objectives (See 'Corp Brief') A&C - Law provides award creditor with additional option to file for execution directly in court where assets are located, but this does not extinguish jurisdiction of Seat Court: HC (See 'Legal Desk') IICA convenes 5th Inter-Ministerial Consultation on Responsible Business Conduct and ESG (See 'Corp Brief') BCCL Organizes Interaction with NRS Linkage and CIL SWMA e-Auction Consumers (See 'Corp Brief') Madnaviya & Kumaraswamy lay foundation of indoor sports complex in Karnataka (See 'Corp Brief') A&C - Juridical seat of arbitration is determinative factor for conferring exclusive supervisory jurisdiction on court: HC (See 'Legal Desk') India's progress in reducing Tuberculosis Incidence has Outpaced Global Average: Nadda (See 'Corp Brief') Rs 100 crore sanctioned for Integrated Aqua Park Project in Anantnag (See 'Corp Brief') Reddy inaugurates Multiple Projects in WCL (See 'Corp Brief') PMLA - If mortgaged properties are to be auctioned by bank or settled with borrower which may result in concealment, it would be only of those properties which was considered to be assets disproportionate to known source: SAFEMA (See 'Legal Desk') India moving from Healthcare Follower to Global Leader in Precision Medicine and Biomanufacturing: MoS (See 'Corp Brief') Companies Act - Technical provisions of Companies Act cannot be relied on to evade compliance with a Court decree prohibiting the judgment debtor from transferring the shares to any third party: HC (See 'Legal Desk') SECL's Vigilance-led Initiative 'Prayas' Ensures Timely PF & Pension Settlement (See 'Corp Brief') PMLA - Appearance of Appellant, ordinarily operating in Mumbai, before SAFEMA Appellate Tribunal at Delhi, does not confer territorial jurisdiction to the Delhi High Court over Appellant: HC (See 'Legal Desk') Agrinnovate India presents Rs.3.4 Crore dividend to Chouhan (See 'Corp Brief') IBC - Once Resolution Plan is approved by NCLT u/s 31 of IBC, it becomes binding on all stakeholders, and all claims not provided for in plan stand extinguished: HC (See 'Legal Desk') 6 Railway Stations in West Bengal redeveloped under Amrit Bharat Station Scheme (See 'Corp Brief') IPR - Party seeking cancellation of registered trademark on grounds of similarity and prior rights must first establish its own prior and continuous use of its mark as trademark: HC (See 'Legal Desk') NHAI receives warm response from Bidders for Construction of Kaliabor to Numaligarh Section of NH (See 'Corp Brief') IBC - Application of Discount for Lack of Marketability is permissible valuation methodology under Indian Accounting Standards for determining fair value of unlisted, illiquid shares in context of capital reduction: SC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (See CORP EINSICHT)

Print

Centre ensuring seamless paddy and CMR procurement in Punjab State: Joshi

Published: Oct 29, 2024

By TIOLCorplaws News Service

NEW DELHI, OCT 29, 2024: UNION Minister of Consumer Affairs, Food and Public Distribution and New and Renewable Energy, Pralhad Joshi held a Press Conference yesterday on the measures taken by the Union  Government to ensure seamless paddy and Custom Milled Rice (CMR) procurement in Punjab State. The Minister reiterated that the target of 185 LMT fixed for Kharif Marketing Season (KMS) 2024-25 will be fully procured and not a single grain of paddy will be left  unprepared. The Minister also announced that an online portal for grievance redressal of rice millers will be launched shortly so that any difficulties faced by the stakeholders can be addressed promptly.

In Punjab, the procurement of paddy officially commenced on October 1, 2024, with 2700 designated mandis, including temporary yards, to ensure smooth operations. Due to heavy rainfall in September and higher moisture content in paddy, the harvesting and procurement were slightly delayed. However, despite a late start, the state is on track now to achieve its target of procuring 185 LMT of paddy by November 2024. All measures are in place to ensure smooth procurement operations in Punjab for KMS 2024-25. As on 26 th Oct 2024, out of 54.5 LMT arrival in mandis, 50 LMT of paddy has been procured. During KMS 2023-24, out of 65.8 LMT arrival, 61.5 LMT paddy had been procured by 26 th Oct 2023. MSP for Paddy(Common) has seen a substantial rise from Rs 1310 /Qtl in 2013-14 to Rs 2300/Qtl in 2024-25.  A total of 3800 millers have applied for registration out of which 3250 millers have already been allotted the work by the Punjab government. More millers are expected to register and be allotted the work in the next 7 days.

To ensure that adequate storage arrangements are in place for the CMR, several high level meetings have been conducted with the Punjab State Government and follow-up actions are being taken up on priority. This includes, speedy evacuation of wheat stock to deficit states, hiring of CWC / SWC Godowns on nomination basis, expediting creation of 31 LMT storage capacity under PEG scheme etc. Out of the All-India Movement plan of 34.75 LMT for the month of October, around 40% i.e 13.76 LMT is allocated to Punjab state. At present around 15 LMT storage space is vacant in Punjab. The delivery of CMR usually begins in December every year and by that time, sufficient space will be available to ensure smooth delivery of CMR by the millers. A detailed depot-wise plan has been prepared to evacuate 13-14 LMT of wheat every month from Punjab until March, 2025. A high-level committee under the chairmanship of  Chairman and Managing Director of Food Corporation of India (CMD FCI) is monitoring the movement plan and storage capacity creation/ hiring on a weekly basis so as to facilitate storage of rice stocks of KMS 2024-25.

There has also been demand from the millers for reduction of the existing 67% OTR (Out Turn Ratio from paddy to rice) set by FCI, citing that the paddy variety PR – 126 has been giving 4-5% lesser OTR than usual.  PR- 126 variety has been in use in Punjab since 2016 and there had never been any such issues reported previously.  It is understood that the primary reason this has been raised is the rise in hybrid varieties that are marketed in the name of PR- 126 in the state of Punjab. It is reported that hybrid varieties have a significantly lower OTR compared to PR – 126. OTR norms prescribed by the Government of India are uniform all over India and are agnostic of the seed variety. Procurement all over the country is primarily based on uniform specifications, commonly called Fair Average Quality (FAQ). Moreover, a study has been assigned to IIT Kharagpur for reviewing the present OTR and Driage incidentals of Paddy and the work is in progress. For this purpose, tests are being conducted in different rice procuring states including Punjab.

With regard to the additional transportation charges incurred by the Rice millers, FCI has delegated power to the Regional level to allow additional transportation charges in case vacant space is not available in the designated depot beyond a waiting period of 15 days. The necessary customization for enabling the same has been made in the procurement portal. This issue has already been resolved to the satisfaction of the millers.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.