The move will help in the efforts being taken to improve the availability of these commodities to the general public at reasonable rates, and control the tendencies of hoarding and profiteering.
To prevent hoarding of sugar in the ongoing festival season, the Union Cabinet on Thursday approved extending the validity of the existing Central order for six more months — from October 29, 2016 to April 28, 2017.
“The main objective of the decision is to enable the State governments to issue control order with the prior concurrence of Central Government, for fixing stock limits/licensing requirements in respect of sugar, whenever need is felt by them,” said an official release .
The government expects this move to help in the efforts being taken to improve the availability of these commodities to the general public at reasonable rates, and control the tendencies of hoarding and profiteering, it added.
Horticulture boost for J&K The Cabinet Committee on Economic Affairs (CCEA) approved a one-time relaxation of Mission for Integrated Development of Horticulture (MIDH) cost norms for Jammu & Kashmir toward restoration of damaged horticulture areas and development of horticulture.
“The approval would help in setting up of 329 ha of new apple orchards and restoration of 3,900 ha of damaged orchards over a period of three years with overall financial implication of ₹500 crore, with ₹450 crore as Central share,” an official statement read.
The CCEA also approved import of planting material at the maximum rate of ₹460/plant for 329 hectares of new apple orchards and restoration of 3,900 hectares of old damaged apple orchards. “The rate of financial assistance shall be 90 per cent, that is 90 per cent shall be borne by the government and 10 per cent by the beneficiary farmer,” the release added.