International Business

No immediate plans to import rice, says govt

The government has no immediate plans to import rice as it has enough stocks to manage the demand, the Lok Sabha was informed today. - Black money trail: Govt mulls tax treaty review with 76 nations - Spl fund soon to rehabilitate overseas job losers - Uncertainties in new tax code may hit fund inflows: Deloitte - MNP not before April: BSNL, MTNL - HC quashes Anil Ambani"s Dadri land acquisition - Govt warns farmers against selling sugarcane in other states "Government has assessed the stock position of rice and decided that import of rice for central pool is not required at this stage," Minister of State in Commerce and Industry Jyotiraditya Scindia informed the Lok Sabha. "However, if trend of procurement shows shortfall, the government may, at an appropriate time, decide to consider import of rice to ensure availability of rice in the domestic market at affordable price," Scindia said. A shortfall of about 15 million tonnes in kharif production is expected due to inadequate rains in the country. Last month, the government had scraped three tenders for rice, totalling 30,000 tonne, floated by the state-owned trading companies MMTC, STC and PEC. The three government companies had received bids with a price range of USD 372-598 per tonne. Rice output is seen at 69.45 million tonnes in 2009-10 kharif season against 84.58 million tonnes in the last season.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business
News of the day
DTH operators want a stronger association
Complaining of high taxation and inability to lobby effectively before government agencies, Direct-to-Home (DTH) television companies have called for strengthening the DTH Operators Association of India (DOAI), the apex body of all DTH operators.
Popular Articles

Unitech net profit falls 22% in Q4
Unitech Ltd, the country’s second-largest property developer, reported a decline of 22 per cent in its consolidated net profit for the quarter ended March 31 to Rs 279.7 crore, compared with Rs 360.2 crore for the corresponding period last year. Net profit for the full year 2008-09 also fell 28 per cent at Rs 1,197.7 crore, compared with Rs 1,661.9 crore for the corresponding period last year. Revenue for the year came down 23 per cent, to Rs 3315.6 crore, as compared with Rs 4,280.1 crore for the corresponding period last year.

Posco, ArcelorMittal may get land of fert, cement cos
The Centre is toying with the idea of allotting land lying idle with various non-functional state-run fertiliser and cement firms to companies like ArcelorMittal and Posco, which are facing problems in acquiring land for their proposed plants.

© Copyright 2009