Archive for March 4th, 2010

BUDGET OUTCOMES COMMODITIES :)

Finance minster reaffirms commitment to introduce GST along with DTC in April, 2011. 馃檪

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路A Nutrient Based Subsidy policy for the fertiliser sector聽has since been approved by the Government and will聽become effective from April 1, 2010.

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路To extend the green revolution to the eastern region of聽the country & propose to provide Rs.400 crore for this聽initiative.

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路Propose to organize 60,000 “pulses and oil seed villages” in rain-fed areas during 2010-11 and provide an聽integrated intervention for water harvesting, watershed聽management and soil health, to enhance the productivity聽of the dry land farming areas.

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路Propose an allocation of Rs.200 crore for launching this聽climate resilient agriculture initiative.

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FCI has been hiring godowns from private parties for a聽guaranteed period of 5 years. This period is now being聽extended to 7 years.

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路Targets set for agriculture credit flow has been raised to聽Rs.3,75,000 crore from Rs.3,25,000 crore in the current year.

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路Propose to extend by six months the period for repayment聽of the loan amount by farmers from December 31, 2009 to聽June 30, 2010.

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路Provided an additional one per cent interest subvention聽as an incentive to those farmers who repay their聽short term聽crop loans as per schedule.

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路External Commercial Borrowings will henceforth be聽available for cold storage or cold room facility.

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路Customs duty on聽silver raised to 1,500 rupees from 1,000聽rupees per kg.

Stay Tuned聽for More updates聽:)

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