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English Release 30-September 2014
Date Month Year
  • President's Secretariat
  • President congratulates medal winners in Asian Games 2014
  • Prime Minister's Office
  • Text of Joint Editorial by Prime Minister Shri Narendra Modi and US President Mr. Barack Obama, published on the website of Washington Post
  • PM to share his thoughts with the countrymen through Radio
  • Text of Prime Minister Shri Narendra Modi's interaction session at the Council on Foreign Relations in New York
  • Vision Statement for the U.S.-India Strategic Partnership
  • PM’s address and interaction at Council on Foreign Relations in New York City
  • Min of Agriculture
  • Inclusion of State of Bihar under Foot and Mouth Disease Control Programme (FMD-CP)
  • Min of Commerce & Industry
  • Index of Eight Core Industries (Base: 2004-05=100), August, 2014
  • Min of Defence
  • Chief of the Army Staff Takes Over as the Honorary Colonel of Rashtriya Rifles
  • India US Combined Military Training Exercise
  • Ministry of Finance
  • Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified
  • Task Forces as Recommended by FSLRC Constituted for Laying the Road Map for Setting-up of Resolution Corporation (RC), Financial Data Management Centre (FDMC), Financial Sector Appellate Tribunal (FSAT) and Public Debt Management Agency (PDMA)
  • Centralized Processing Center (CPC), Bengluru Becomes ISO-27001:2005 Compliant
  • Min of Heavy Ind. & Public Enterprises
  • Shri Kapil Dev Tripathi take Charge of Secretary Department of Public Enterprises
  • Min of Home Affairs
  • Union Home Minister receives contribution to PMNRF from National Police Academy
  • Min of New and Renewable Energy
  • First Renewable Energy Global Investment Promotion Meet & Expo to be held in February 2015
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 95.26 per bbl on 29.09.2014
  • Min of Science & Technology
  • Dr. Jitendra Singh lays foundation stone for new block of CSIR-Institute of Microbiol Technology at Chandigarh
  • Min of Shipping
  • Concept to be Finalised Soon for Impementation of the Sagar Mala Project
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • India won 2 Gold, 2 Silver and 3 Bronze Medals on Day 11 of Asian Games 2014
  • Min of Urban Development
  • Swachh Bharat Mission Logo and Tagline contest winners to be felicitated by Prime Minister
  • Ministry of Water Resources
  • Uma Bharti to Administer Swachh Bharat Shapath
  • Min of Women and Child Development
  • Smt. Maneka Sanjay Gandhi launches the New Guaranteed Minimum Pension Scheme in Dehradun

Previous Date

 
Ministry of Textiles07-December, 2011 20:45 IST
Grant of subsidy to Jute Corporation of India to maintain its infrastructure for MSP (Minimum Support Price) operations
The Cabinet Committee on Economic Affairs today approved the following:

(a) To provide subsidy to Jute Corporation of India on continuous basis to off-set the losses on account of MSP operations. The quantum of subsidy will include the difference between the expenditure incurred on MSP raw jute upto the point of sale and sale price of MSP raw jute. The reimbursement of fixed overhead cost would be maintained at a level of Rs.55 crore from the jute year 2011-12. It will be granted every year as preparedness expenses for conducting MSP operation, therefore, to be paid even for those years when there is no MSP operation.

(b) To regularise the subsidy given to Jute Corporation of India during 2009-10 and 2010-11 (Rs.36.59 crore and Rs.30crore respectively) and release the balance amount due for 2010-11 (Rs.6.59 crore) to make it at the same level as that of the previous years.

(c) To provide one-time government guarantee upto Rs.150 crore along with accrued interest, as applicable, for 10 years with effect from the financial year 2011-12 to public sector banks for availing of working capital loan facility as and when required by the Jute Corporation of India Ltd. for conducting the MSP operations.

This decision will provide financial support to Jute Corporation of India to protect the interest of the jute growers through procurement of raw jute under the MSP fixed by the Government of India and also to stabilize the raw jute market for the benefit of the 40 lakh farm families and the jute economy as a whole.

***


SH/SKS
(Release ID :78273)

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