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Govt Plans To Create World-Class Storage System To Strengthen Post-Harvest Supply Chain Across The Country by IANS - Mar 5, 2021 05:51 AM Rice Harvesting In Srinagar (representative image) (Photo by Waseem Andrabi/Hindustan Times via Getty Images) In an effort to strengthen post-harvest supply chain across the country and ensure better returns to the farmers in a big way, the central government is working on a comprehensive plan of creating a world class storage system and standardisation of warehouses complying with the requirements of the Warehousing Development and Regulation Authority (WD...

Amid the ongoing farmers protest lead largely by Punjab and Haryana farmers, the Central government today said that it has directed both the states to ensure online payment to farmers through the electronic mode from the coming procurement season. The wheat procurement season for FY22 will start in the next few weeks. The procurement is done at the Centre-fixed Minimum Support Price (MSP). In a presentation made by the Ministry of Food and Public distribution and Consumer Affairs, the government said that the process of bio-authentication of farmers bringing their produce for procurement b...

Spot gold trade set to take off soon on existing exchanges The Securities Contracts (Regulation) Act would also see some amendments to give shape to gold being treated as a security and in the provisions for duration of contracts. February 10, 2021 / 07:14 AM IST Spot gold trading on existing exchanges is likely to be a reality soon following the finance minister’s announcement in the budget that the Securities and Exchange Board of India (Sebi) would be the regulatory body to monitor such trades. This would mean that spot gold will be traded in a separate segment on existing exchanges,...

Govt looking at regulating digital gold schemes: Official February 06, 2021 × The Finance Ministry has asked IIM-Ahmedabad’s India Gold Policy Centre (IGPC) to come out with a paper on how gold refining can be ramped up in the country. Policy inputs are needed on this front as the government intends to shortly work on a plan to strengthen gold refining, K Rajaraman, Additional Secretary, Department of Economic Affairs (DEA) in Finance Ministry, said on Saturday. While the possibility of strengthening gold mining is a distant target, there is certainly a possibility of ramping up gold refin...

Will gold turn cheaper after duty cut? India is a price taker and global trend will remain a key price determining factor The year 2020 was a challenging one for all major economies including India as governments imposed strict measures to limit the virus spread but this impacted economic growth. While the economy came under pressure, the commodities market was also not left unaffected. Sharp volatility across commodities was witnessed as prices slumped earlier in the year owing to demand destructions, but recovered on the back of stimulus measures and robust Chinese buying as is evident fr...