States and UTs will be offered to lift 34.88 lakh tonnes of Tur, Chana, Masoor, Moong and Urad at discount of Rs 15 per Kg over the prevailing wholesale market price on first come first serve basis.
There was not much activity at the wholesale pulses market as prices by and large moved in a narrow range and pegged at the previous levels.
Pulses imports to India, the world’s biggest buyer, may fall to their lowest in nearly two decades after the government raised import taxes and restricted overseas purchases to bolster prices, impacting the plans of its global suppliers.
National Agricultural Cooperative Marketing Federation (Nafed) has procured 31.91 lakh tonnes of pulses and oilseeds in 2017-18, benefitting over 20 lakh farmers, an official statement said.
India is estimated to have harvested a record 279.51 MT of foodgrains in the 2017-18 crop year ending next month, up 1.6 percent from the previous year, on good monsoon and higher support price.
Import of pulses declined by nearly one million tonne (MT) in 2017-18 financial year on record output, helping the country save Rs 9,775 crore in foreign exchange, the government said.
The Centre has disposed of around 7 lakh tonne of pulses so far from a buffer stock of 20.50 lakh tonne, according to a senior food ministry official.
The amount that state agencies guarantee to buy at pre-set prices will double to 190 bn rupees ($2.9 bn) for a five-year period ending in 2021/22, Noronha said.
India has imported 50.8 lakh tonnes of pulses for Rs 17,280 crore during April-December period of this fiscal, the government said.
Australian Min Littleproud has announced that he is likely to visit India soon to negotiate a better deal after india had imposed higher tariff on imported chickpeas.
Aircel moves SC to make Airtel clear dues
Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf
Bank guarantees have lapsed and Aircel wants Airtel to pay the money
Alleged that Airtel is trying to usurp the sum
Aircel says without the money it may get liquidated
Bain joins KKR in race for Max Healthcare stake
PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn
To decide on buy back of shares on Aug. 20
JET AIRWAYS CLARIFIES
Co planning $400 Mn stake sale is speculative in nature
Jet Auditor BSR may quit if issues are not resolved is factually incorrect
Have been pro-actively working on multiple revenue enhancements
Evaluating various funding options to meet liquidity requirements on priority
Relationship with Etihad Airways very strong
No delays in discharging any loan obligations to any of the lenders
Default status in tabular statement only due to technical errors, rectified now
Clarifies that reports of stake sale are purely speculative
Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect
Seeks lenders help in bid to avoid default
Airline wants waiver of loan covenant on existing debt facility of $185mn
Co has to repay or refinance at least $500mn of existing debt to avoid default
Told lenders it won’t be able to meet min $50mn profit condition for FY19
Consortium of lenders yet to decide on Jet’s request
Airline’s total debt was Rs 9430 Cr as on 31st March 18
NSE TO JET AIRWAYS
Have noticed a difference in your responses dated August 9 & 10
Clarify whether mgmt extension from audit committee as per Aug 10 response
Or did Audit Committee not recommend results to board as per Aug 9 response?
In Aug 10 response, details of "Certain Matters Not Closed" not provided
Provide exact reasons for which audit committee has not approved results
Again ask you to give us date when board meet to consider results will be held