CCEA okays Rs 77.45 crore for revival of north eastern agri-marketing corp
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a Rs 77.45 crore package for the revival of state-run North Eastern Regional Agricultural Marketing Corporation Ltd. North Eastern Regional Agricultural Marketing Corporation (NERAMAC) is a central public sector enterprise under the administrative control of the Ministry of Development of North Eastern Region (MDoNER).
“CCEA has approved a revival package of Rs 77.45 crore for NERAMAC,” Information and Broadcasting Minister Anurag Thakur told reporters after the meeting.
The revival package will help NERAMAC to implement various innovative plans like providing better farming facilities, training to farmers in clusters, organic seeds and fertiliser, post-harvesting facilities to promote the products of north-east farmers in the world market, the minister added.
Cabinet approves National Mission on Edible Oils with outlay of Rs 11,040 crore
The Union cabinet on Wednesday has approved the launch of National Mission on Edible Oils – Oil Palm (NMEO-OP) as a new centrally sponsored scheme with an outlay of Rs 11,040 crore for a five year period.
Of Rs 11,040 crore outlay Rs 8,844 crore will be the share of central government and Rs 2,196 crore will be the share of states.
The focus of the program will be to increase area and productivity of oilseeds and palm oil. There will also be special focus on the north-eastern region and the Andaman and Nicobar Islands.
India likely to withdraw sugar export subsidies from new season
India is expected to withdraw sugar export subsidies from the new season beginning October as a sharp rise in global prices makes it easier for Indian mills to sell the sweetener on the world market, a top government official said on Tuesday.
“The government is not considering any subsidy at the moment for next year,” Sudhanshu Pandey, the most senior civil servant at the Ministry of Consumer Affairs, Food and Public Distribution, told Reuters in an interview.
“Under current circumstances, as we see the scenario, there appears to be no need to have the support of the subsidy. If exports can happen on their own, then it’s also better for the global market that no subsidy is provided,” he said.