Archive for March 4th, 2010

4 Mar

BUDGET OUTCOMES COMMODITIES :)

Posted by smcinvestmentindia in agriculture, budget, commodity, Commodity market, Commodity Trading, commodity update, Economy, india, SMC Global. Tagged: , , , , , , , , , , , , , , .

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

.

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

.

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

.

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

.

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

.

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

.

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

.

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

.

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

.

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

.

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

Stay Tuned for More updates :)

.

Note : For More Latest Industry, Stock Market and Economy News and Updates, please click here