Domestic defence production to cross Rs 1.60 lakh crore by 2025-26: RM (See 'Corp Brief') Aero-India International Seminar begins in Bengaluru (See 'Corp Brief') A&C - Managing director or chairman of party to arbitration agreement can't be appointed as Arbitrator: HC (See 'Legal Desk') Traditional knowledge is India's Exclusive Asset: MoS (See 'Corp Brief') MoD inks Rs 642 Cr contract with BEL for 28 EON-51 systems (See 'Corp Brief') PMLA - Since concealment of proceeds of crime itself is 'offence', Enforcement Directorate is not required to establish where money eventually went: HC (See 'Legal Desk') MoD inks Rs 10,147 Cr contracts with EEL, MIL & BEL for rockets (See 'Corp Brief') Companies Act - Delhi HC allows plea moved by Audit firms; No merit in challenge to Sec 132 of Companies Act based on arguments of vicarious liability, retroactive operation & violation of Art 20(1) of Constitution: HC (See 'Legal Desk') Number of commodities on e-NAM platform reaches 231 (See 'Corp Brief') IBC - Raising money by issuance of convertible debentures with option to be later converted into equity shares, can be classified as 'financial debt' if default is committed by corporate debtor: NCLAT (See 'Legal Desk') BIS & British Standards Institution discuss hydrogen standardization (See 'Corp Brief') IBC - Bar on filing CIRP applications applies only to defaults that occur within moratorium period: HC (See 'Legal Desk') IICA, CMAI sign MoU to enhance capacity for decarbonisation (See 'Corp Brief') IBC - Resolution applicant shall obtain approval of Competition Commission of India under CCI Act prior to approval of such resolution plan by committee of creditors under IBC: SC LB (See 'Legal Desk') India-Japan Dialogue organized to strengthen bilateral cooperation in Steel Sector (See 'Corp Brief') Misc - Earnest money forfeited upon flat booking cancellation must be reasonable and not excessive enough to be considered as penalty u/s 74 of Contract Act: SC (See 'Legal Desk')

Number of commodities on e-NAM platform reaches 231

Published: Feb 07, 2025

By TIOLCorplaws News Service

NEW DELHI, FEB 07, 2025: IN response to the continuous demand from farmers, traders and other stakeholders for inclusion of more agricultural commodities, the Department of Agriculture and Farmers' Welfare, Government of India has decided to further expand the scope of trade under e-NAM. This initiative aims to increase the coverage of agricultural commodities and offer more opportunities for farmers and traders to benefit from the digital trading platform, Directorate of Marketing and Inspection (DMI) has formulated tradable parameters for 10 additional agricultural commodities. These new commodities parameters are a result of extensive consultation with key stakeholders, including state agencies, traders, subject matter specialists and SFAC and with approval from the Union Minister of Agriculture and Farmers' Welfare Shivraj Singh Chouhan.

DMI has been entrusted with the formulation of tradable parameters for agricultural commodities to be traded on the e-NAM (National Agricultural Market) platform. These tradable parameters are designed to help farmers secure better prices for their produce by ensuring the quality and commerciality of agricultural products. This initiative enhances transparency, facilitates fair trading practices, and contributes to the overall growth of the agricultural sector.

DMI has formulated tradable parameters for 221 agricultural commodities, which are available on the e-NAM platform and following 10 additional commodities will make the list to 231 commodities.

Miscellaneous Commodities:

1. Dried Tulsi Leaves

2. Besan (Chickpea Flour)

3. Wheat Flour

4. Chana Sattu (Roasted Chickpea Flour)

5. Water Chestnut Flour

Spices:

6. Asafoetida

7. Dried Fenugreek Leaves

Vegetables:

8. Water Chestnut

9. Baby Corn

Fruits:

10. Dragon Fruit

Commodities at Serial number 4 to 7 above fall in category of secondary trade, and this can help FPOs to market value added products as well as formalize the trade in the sector.

These newly approved tradable parameters will be available on the e-NAM portal (enam.gov.in), further strengthening the platform's capacity to facilitate the digital trading of agricultural commodities. This move will provide farmers with improved market access, better pricing, and an enhanced quality assurance, thus supporting their economic well-being. The formulation of these additional tradable parameters aligns with the Government's ongoing efforts to modernize the agricultural sector, ensuring greater inclusivity, efficiency, and market transparency.

TIOL CORP SEARCH

TIOL GROUP WEBSITES