Ministry of Coal organizes Roadshow on Mine Auctions in Gandhinagar (See 'Corp Brief') Pilot projects on Hydrogen-fuelled Buses and Trucks launched (See 'Corp Brief') SARFAESI –Charge in respect of property, created for VAT dues, has no efficacy in law in view of provisions of SARFAESI Act and RDB Act: HC (See 'Legal Desk') 'A Mother's lap is Greatest Classroom': Sonowal (See 'Corp Brief') Negotiable Instruments Act - Mere use of old name of company on cheque is not relevant aspect when signatures on cheques in not disputed: HC (See 'Legal Desk') ODOP initiative set to transform India's economy: Prof Popovski (See 'Corp Brief') IBBI (Insolvency Resolution process for Corporate Persons) Regulations, 2016 - Order passed without adverting to ground raised pertaining to claim arises out of guarantee cannot sustain: NCLAT (See 'Legal Desk') NITI Aayog report 'From Borrowers to Builders' released (See 'Corp Brief') FERA - Adjudication proceedings, burden of proof is required to be discharged in terms of principles of preponderance of probability: SAFEMA (See 'Legal Desk') Multimodal connectivity and logistics efficiency in alignment with PM GatiShakti National Master Plan (See 'Corp Brief') Cumulative Coal Production Raise of 928.95 MT shows India's commitment to energy security and industrial growth (See 'Corp Brief') FEMA - Order of remand can't be passed routinely, and it can't be passed on ipse dixit of court, as Appellate Court has to come to proper finding of its own, and can't shirk its duties: SAFEMA (See 'Legal Desk') NCL first-aid drives to train housewives with practical knowledge to manage common medical situations (See 'Corp Brief') 'One Day as a Scientist' initiative reinforces commitment to fostering scientific temperament and curiosity among young minds (See 'Corp Brief') SEBI - There is urgent need for SEBI to step in and pass interim directions, pending inspection, to prevent erosion in market integrity as well as credit risks of bank: SEBI (See 'Legal Desk') Initiative of pledge financing against e-Negotiable Warehouse Receipt (See 'Corp Brief') Misc - While MSME Act & Procurement Order 2012 do not create 'enforceable right' for individual MSE, statutory authorities & administrative bodies created thereunder are impressed with enforceable duties: SC (See 'Legal Desk') Central Board of Trustees recommends enhancement of insurance benefits under Employees' Deposit Linked Insurance scheme (See 'Corp Brief') IPR - Triple Identity Test for trademark infringement stands satisfied, if device logo, goods and consumers/trade channels are also identical: HC (See 'Legal Desk') Vigyan Vaibhav provided opportunity for students to witness cutting-edge defence and aerospace technologies developed by DRDO (See 'Corp Brief') IBC - Moratorium imposed u/s 14 of Insolvency and Bankruptcy Code does not exempt promoter from complying with mandatory pre-deposit requirement u/s 43(5) of RERA: HC (See 'Legal Desk') NITI Aayog Workshop on Enabling Women-Led Development through Entrepreneurship addreses over access to finance, markets and mentorship (See 'Corp Brief') Misc - Tie breaker rule can be applied even if seats are unfilled, and such unfilled seat cannot be ground for making midstream admissions: HC (See 'Legal Desk') Ministry of Mines grants composite licence in respect of offshore blocks of construction sand (See 'Corp Brief') SARFAESI - Question of fraud/ collusion/ relief claimed in suit of declaration for loan facility and mortgage, is not within jurisdiction of DRT, and such declaration is only permissible under Specific Relief Act: HC (See 'Legal Desk')

Print

Initiative of pledge financing against e-Negotiable Warehouse Receipt

Published: Mar 01, 2025

By TIOLCorplaws News Service

NEW DELHI, MAR 01, 2025: THE Secretary, Department of Food & Public Distribution (DFPD), Government of India, while chairing a meeting of State Food Secretaries here yesterday, requested to adopt proactive approach and ensure to maximize procurement of Wheat and Rabi crop of paddy during ensuing marketing season. The objective of the meeting was to discuss the procurement arrangements for Rabi Crops in Rabi Marketing Season (RMS) 2025-26 and in Kharif Marketing Season (KMS) 2024-25.

Various factors impacting procurement such as weather forecast, production estimates, and readiness of States for procurement operations were reviewed during the meeting. After deliberations, the estimates for wheat procurement during ensuing RMS 2025-26 have been fixed at 310 LMT. Similarly, the estimates for paddy procurement, in terms of rice during KMS 2024-25 (Rabi Crop) have been fixed at 70 LMT. 

A quantity of around 16.00 LMT of coarse grains including millets (Anna) has also been estimated for procurement by the States during the KMS 2024-25 (Rabi crop). States/UTs were advised to focus on procurement of millets for diversification of crops and enhanced nutrition in dietary patterns.

Besides, several other initiatives such as proposed reforms in TPDS Control Order, SMART PDS, E-KYC, Mapper SoP, Jan Poshan Kendras and infrastructure improvement in Procurement Centers etc were also discussed in the meeting. WDRA apprised the gathering about the initiative of pledge financing against e-NWRs (Negotiable Warehouse Receipt). State Government of Telangana also shared the good practices adopted in respect of Foodgrain Management System in the State.

The implementation of Supply Chain Optimization in Public Distribution System of the States was also discussed wherein Govt. of Gujarat presented automation in supply chain in PDS of Gujarat. The States were asked for optimum utilization of godowns created by PACS under the World largest grain storage plan.

The meeting was attended by Food Secretaries of various States/UTs as well as officers from Food Corporation of India (FCI), Warehousing Development and Regulatory Authority (WDRA), India Meteorological Department and Department of Agriculture & Farmers Welfare.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
taxindiaonline
A Taxongo Website. Copyright © 2016-2022 tiolcorplaws.com All rights reserved.