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English Release 24-October 2014
Date Month Year
  • Prime Minister's Office
  • PM conveys greetings on United Nations Day
  • PM salutes our brave ITBP personnel on the Raising Day of ITBP
  • Min of Agriculture
  • Kharif Rice Area Coverage
  • Min of Commerce & Industry
  • DIPP Constitutes IPR Think Tank to Draft National Intellectual Property Rights Policy
  • Min of Defence
  • Brave Heart NCC Cadets Rescue Middle Aged Woman from River Yamuna
  • Ministry of Finance
  • Government approves Twenty (20) Proposals of Foreign Direct Investment amounting to Rs 988.3 Crore
  • Min of Health and Family Welfare
  • Dr Harsh Vardhan offers cooperation to Pakistan to end polio
  • Min of Home Affairs
  • Home Minister addresses 53rd Raising Day Function of Indo Tibetan Border Police Force
  • Observance of the Rashtriya Ekta Diwas on 31st October
  • Min of Petroleum & Natural Gas
  • Modified DBTL Scheme
  • Global crude oil price of Indian Basket was US$ 83.61 per bbl on 23.10.2014
  • Min of Road Transport & Highways
  • Electronic Toll Collection System to be Inaugurated on October 31, 2014
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • India’s Performance at 2nd Asian Para Games 2014 on 22nd and 23rd October, 2014
  • Min of Urban Development
  • Shri M.Venkaiah Naidu adopts Hudhud cyclone ravaged village of Andhra Pradesh for rehabilitation

Previous Date

 
Cabinet Committee on Economic Affairs (CCEA)02-May, 2013 20:39 IST
Full reimbursement of losses to National Agricultural Cooperative Marketing Federation of India Ltd. on procurement of copra under Price Support Scheme

The Cabinet Committee on Economic Affairs (CCEA) today approved the removal of the cap on the amount of losses to be reimbursed on procurement of copra in the interest of farmers. This will ensure remunerative prices to growers.

Copra prices are already ruling below Minimum Support Price (MSP) level in some parts of the country, and may fall further unless immediate steps are taken to intervene in the market, to ensure MSP of copra for the farmers according to the policy of the Government. In view of lower prices of copra, National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) was finding it difficult to restrict losses within 15 percent of the cost of procurement under the Price Support Scheme (PSS) and hence could not undertake procurement of copra.

The CCEA considered the proposal of the Department of Agriculture & Cooperation for full reimbursement of losses to the NAFED on procurement of copra under PSS.

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SH/NK/SK
(Release ID :95470)

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