18.19 lakh new workers enrolled under ESI in Jan month (See 'Corp Brief') Credit to women by PSBs - Substantial increase over last 5 years: MoS (See 'Corp Brief') A&C - If renewal of contract is based on criteria of performance, contract is deemed to have to been extended, if said criteria is met: HC (See 'Legal Desk') MeitY to host 'Nano Electronics Roadshow' at Bengaluru (See 'Corp Brief') IPR - Clear case of capitalizing on plaintiff's goodwill & reputation, by infringing products bearing plaintiffs trademark, calls for compensation and damage cost: HC (See 'Legal Desk') 12 Mines Successfully auctioned: Govt (See 'Corp Brief') IBC - Commercial wisdom of Committee of Creditors (CoC) in rejecting resolution plan and opting for liquidation is 'non-justiciable': NCLAT (See 'Legal Desk') IICA launches Samarthya: National Competition on Corporate Rescue Strategies 2025 (See 'Corp Brief') NI Act - Cause of action u/s 138 arises only when amount remains unpaid even after expiry of fifteen days from date of receipt of demand notice: SC (See 'Legal Desk') APEDA facilitates export of Anthurium flowers from Mizoram to Singapore (See 'Corp Brief') Competition Act - Transaction is notifiable and by consummating same without filing notice u/s 6(2) of Act, GS is liable to penalty u/s 43A of Act: CCI (See 'Legal Desk') Goa Shipyard launches second P1135.6 frigate (See 'Corp Brief') IBC - Mere absence of option to purchase leased equipments vested in Corproate Debtor can not make financial lease as operational lease: NCLT (See 'Legal Desk') 'Building Climate-Resilient Future' symposium concludes with commitment to Action (See 'Corp Brief') Most prudent course of action is to direct company to refund money raised through IPO, if company relied on sham entity and participated in cover-up: SEBI (See 'Legal Desk') Indian Army organises Special Cataract Eye Surgery Camp for Ex-servicemen (See 'Corp Brief') Stock broker shall be liable for monetary penalty in respect of violations, inter-alia namely, extending use of trading terminal to any unauthorized person or place: SEBI (See 'Legal Desk') Change by Heraclitus and LODR Regulations (See 'Corp EINSICHT')

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