Jharkhand govt urges finance commission to raise vertical devolution of central taxes to 50%, ETCFO

Ranchi, The Jharkhand government on Friday appealed to the Sixteenth Finance Commission to raise the vertical devolution of central taxes from the existing 41 per cent to 50 per cent. A finance commission team, headed by its chairman Dr Arvind Panagariya, held discussions with the state government. Jharkhand Finance Minister Radhakrishna Kishore and Chief Secretary […]

Economy

IVPA urges Govt to increase duty differential on crude and refined edible oils to 20% 

India imported 8.24 lakh tonnes (lt) of RBD palmolein between October 2024 and February 2025, up 80 per cent from 4.58 lt imported between June and September 2024 | Photo Credit: REUTERS Indian Vegetable Oil Producers’ Association (IVPA) has urged the Government to raise the net effective duty differential between crude and refined edible oils […]

Economy

IVPA asks govt to implement PDPS for oilseeds to help farmers, oil mills

The Indian Vegetable Oil Producers’ Association (IVPA) has asked the government to implement the Price Deficiency Payment Scheme (PDPS) as envisaged under the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) to secure remunerative prices for farmers and to facilitate steady supply of oilseeds to domestic oil mills. Welcoming the decision of the Cabinet Committee on […]

Economy

Govt imposes stock limit on wheat; traders, processors asked to offload excess stock in 15 days

The Centre has clamped wheat stock limit on retailers, wholesalers, traders, stockists and processors, prescribing specific quantity for each category while asking them to dispose of any additional quantity in their possession above the prescribed limit within next 15 days. The decision has come after wheat procurement almost ended with the government purchasing 29.82 million […]

Economy

Assam hikes wages for Govt tea garden workers to ₹250 a day from October: CM Himanta Sarma

 The announcement was made by Chief Minister Himanta Biswa Sarma on International Tea Day, marking a move to bring parity with private garden wages in the Brahmaputra Valley | Photo Credit: ANI The Assam government has announced an increase in the daily wages for workers in state-run tea gardens to ₹250 from ₹220, effective October […]