June 2020 \ Business & Investment \ BUSINESS AND GOVERNANCE
“Agri reforms to boost investments in food processing”

ITC Ltd Chairman Sanjiv Puri said the agriculture ...

Finance Minister Nirmala Sitharaman subsequently announced measures to strengthen agriculture infrastructure logistics, capacity building, governance and administrative reforms for agriculture, fisheries and food processing sectors. She also announced measures for governance and administrative reforms for agriculture sector.

These include amendments to Essential Commodities Act to enable better price realisation for farmers. The Government will amend Essential Commodities Act, to deregulate agriculture food stuffs including cereals, edible oils, oilseeds, pulses, onions and potato. Stock limit will be imposed under very exceptional circumstances like national calamities, or famine with surge in prices. Further, no such stock limit shall apply to processors or value chain participant, subject to their installed capacity or to any exporter subject to the export demand.




Related News.
Comments.