» Procurement Tender News » 5360 » Tender Details

Procurement And Tender News

Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Union Cabinet decides to reimburse amount of value cut on wheat procurement price to States

Publish Date : 02-May-2015

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval to reimburse amount of value cut on wheat procurement price to States.

This decision has been taken in order to give relief to the farmers affected by the unprecedented rains and hailstorms.TheCentre will reimburse the amount of value cut imposed on the wheat being procured by the Food Corporation of India (FCI) and State Government Agencies in Gujarat, Haryana, Madhya Pradesh, Punjab, Rajasthan and Uttar Pradesh under relaxed quality norms. The reimbursement of this amount will be made to the State Governments through the FCI. State Governments have decided to bear the amount of value cut imposed on the wheat being procured from farmers by the FCI and State agencies under relaxed specifications in the current Rabi marketing season.

As per latest report of FCI, a total quantity of 158.61 lakh tonnes of wheat has been procured during the current season in various States as against the procurement level of 169.29 lakh tonnes achieved by this date in previous year.

Go to previous page

Whats app