23
Tuesday
January 2018
11:15 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
Govt extends compulsory jute packaging for foodgrains, sugar
 
New Delhi, Jan 3 (PTI) The Cabinet Committee on Economic Affairs (CCEA) today extended the mandatory packaging of foodgrains and sugar products in jute bags for the year ending June 2018.

"This decision mandating 90 per cent of food grains and 20 per cent sugar products to be packed in jute bags will benefit nearly 3.7 lakh workers and 40 lakh farmers," Union Textiles Minister Smriti Irani tweeted.

She said the Jute mill workers will not be deprived of their statutory dues as a special mechanism will be set up in consultation with state governments to link production control and supply order to ensure timely payment.

"Underlining the importance of diversification of jute industry, emphasis will be given to diversification by incentivising use of jute geo-textiles and promoting jute as eco-friendly fibre both in domestic and global markets," Irani said in a tweet.

The decision will help sustain the core demand for the jute sector and support the livelihood of the workers and farmers dependent on the sector in eastern and north-eastern regions of the country particularly in West Bengal, Bihar, Orissa, Assam, Andhra Pradesh, Meghalaya and Tripura.

"The CCEA has extended the mandatory packaging norms under the Jute Packaging Material (JPM) Act, 1987," an official statement said.

As per the norms, it is compulsory to pack 90 per cent of foodgrains and 20 per cent of sugar products in jute bags.

The decision also mandates, in the first instance, the entire requirement for packing of foodgrains would be placed in jute bags thus, making a provision for 100 per cent packing of foodgrains in jute bags subject to the ability of the jute industry to meet the requirement, the statement added.

Jute industry is predominantly dependent on government, which purchases jute products worth more than Rs 5,500 crore every year.

Considering nearly 3.7 lakh workers and approximately 40 lakh farmers are dependent for their livelihood on the jute sector, the government said it has been making concerted efforts for the development of the jute sector.

With a view to boost demand in the jute sector, government has imposed Definitive Anti Dumping Duty on import of jute goods from Bangladesh and Nepal with effect from January 5, 2017, which has provided scope for additional demand of 2 lakh MT of jute goods in the domestic market.


Rupee gains 5 paise against dollar at 63.82
Volkswagen to launch new models in India; invest over Rs 7,800 crore
US dollar ends dearer against rupee
Sensex hits new peak at 35,664.01, Nifty at 10,926.45
I-T notices to cryptocurrency investors on suspicion of tax evasion
Trai gives approval for mobile calls, net surfing while flying
HSBC InvestDirect Securities settles case with Sebi
SBI to raise Rs 20,000 cr for affordable housing, infra
Sensex hits 35,000 mark as IT stocks lead gains
Bitcoin, other cryptocurrencies tumble on government crackdown worries
Sensex, Nifty extend gains to hit fresh highs
Passport may no longer serve as address proof
Rupee extends losses against US dollar in late morning trade
Stocks scale fresh record high as Coal India spurts
Sensex at new high on fund inflows; Nifty above 10,600
CBDT relaxes norms for MAT on firms facing insolvency
Indian ports set to double their profit: Gadkari
Sensex, Nifty hit new record high on fund inflows
Gold strengthens on sustained demand, silver recovers
Sensex succumbs to late sell-off; auto, IT slip
KERALA NEWS
HC allows video conference facility to get marriage registered
 (Kochi, Jan 23, 2018): The Kerala High Court has permitted an Indian couple living in the US  
Motor Strike: Vehicles to keep off roads tomorrow
School bus meets with accident in Kollam
Malayali MBBS student commits suicide
INTERNATIONAL NEWS
Climate Change, Terrorism Grave Concerns: PM Modi At WEF
 (Davos, Jan 23, 2018): Narendra Modi became the first Indian prime minister to address the Wo
Iranian woman skydiver looks to break down stereotypes
Pence says he's proud to be in 'Israel's capital, Jerusalem'
Ecuador president calls Julian Assange a 'problem'
NATIONAL NEWS
CBI probes Rs 487 crore coal import scam
 (New Delhi, Jan 23, 2018): The CBI has begun a probe into a Rs 487 crore scam related to over
No BJP nexus, Shiv Sena to go solo in Lok Sabha election, state polls in 2019
SC removes all hurdles for the release of 'Padmavat'
Triple talaq bill a tactic to punish Muslim men: Muslim leader
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.