The Indian government is going big on the agriculture sector with its recent announcement of bringing a policy for the world’s biggest foodgrain storage scheme under the cooperative societies sector. On the other hand, it has announced the formation of 1,100 new Farmer Producer Organizations (FPOs) in the cooperative sector. The development is one of […]
The central government has cut the windfall tax on petroleum crude to nil per tonne from Rs 4,100. As per a government notification, this will be effective from Tuesday. Meanwhile, the government left the windfall tax on petrol, diesel and aviation turbine fuel at zero. The taxes are revised on a fortnightly basis according to […]
The government has exempted customs duty and agricultural infrastructure and development cess levied on crude soyabean oil and crude sunflower seed oil, subject to the conditions of tariff rate quota authorisation (TRQ). The nil customs rate will be applicable from May 11 till June 30. The notification from the finance ministry released on Wednesday said […]
The Indian government is planning to announce a national retail trade policy and an accident insurance scheme for GST-registered domestic traders, according to news agency PTI. The policy is expected to provide better infrastructure and increased access to credit for traders, with provisions to ensure easy and affordable credit, digitisation of retail trade, modern infrastructural […]
The government has directed its procurement agencies to immediately intervene in the market for the purchase of Kharif red onion and for simultaneous dispatch and sale to the consumption centres in the wake of reports of their falling prices in the mandis. It directed the National Agricultural Cooperative Marketing Federation of India Limited (NAFED) and […]
The Centre has directed enterprises to include all necessary notifications, including MRP, on the outer pack of commodities that comprise more than one pack, including gift and multi-piece packs. According to the Consumer Affairs Ministry, it will be needed for all retail commodity packaging having more than one pack, including gift and multi-piece packs. According […]
The consumer protection regulator CCPA has issued notices to e-commerce platforms Amazon, Flipkart, and Snapdeal for allegedly selling toys without a BIS quality mark, as per PTI. The government announced on Wednesday that 18,600 toys had been seized in the last month from major retail stores across the country, including Hamleys and Archies, at airports […]
The government on Thursday said that the food processing industry has invested Rs 4,900 crore so far under the production-linked incentive (PLI) scheme. The PLI scheme for the food processing industry was approved in March 2021, with a budget outlay of Rs 10,900 crore. It will be implemented for seven years, until 2026-27. “A total […]
