Conditional exemption to exporters under the Essential Commodities Act, 1955
The Union Cabinet yesterday approved exemption to exporters having IEC Code issued by DGFT from the purview of stock holding limits under the Essential Commodities Act, 1955 with respect to edible oilseeds, edible oils and rice. This will help exporters benefit from economies of scale and bigger operation for optimally meeting export demands on a… Read More
Tags: Business, Cabinet of India, Cooking oil, DGFT, Essential Commodities Act, Export, Food and Related Products, Grains and Legumes, Import and Export, Investing, Taiwan, Union Cabinet, Vegetable oil
Approval of National Mission on Oilseeds and Oil Palm during the 12th Five Year Plan
The Cabinet Committee on Economic Affairs has approved the implementation of the National Mission on Oilseeds and Oil Palm (NMOOP) during the 12th Plan Period with financial allocation of Rs.3507 crore. This would help in enhancing production of oilseeds by 6.58 million tonnes. This would also bring additional area of 1.25 lakh hectares under Oil… Read More
Tags: Area, Crop rotation, Elaeis guineensis, Oil Palm, Record producer, Scheme, Tonne, Vegetable oil
Removal of controls imposed under the Essential Commodities Act, 1955
Removal of controls imposed under the Essential Commodities Act, 1955; Extension of the validity of Central Orders dated 27.09.2012 in respect of pulses, edible oils and edible oilseeds beyond 30.09.2013 The Union Cabinet today approved the proposal for extending the validity of the Central Order of 27.09.2012 issued in respect of pulses, edible oils and edible… Read More
Tags: Central Order, Commodity, Cooking oil, Essential Commodities Act, India, Pulses, State Government, Vegetable oil