More funds for commodity bodies sought
Commodity OnlineNEW DELHI: Commodity marketing efforts will get a boost if commerce ministry’s efforts to seek more funds during the 11th Plan bear fruit.
The ministry is seeking higher allocation of funds at Rs 3,930 crore against the 10th Plan allocation of Rs 1,715 crore to important commodity boards to undertake promotion and marketing efforts.
The higher allocation for important commodity boards such as tea, coffee, rubber, spices, marine products and vegetable and fruits and other agricultural exports was for sustaining the higher export receipts of these sectors in the last fiscal.
With non-tariff barriers cropping up everywhere, the need for beefing up indigenous support infrastructure in terms of testing facilities and other amenities such as processing of the produce for value-addition also entails higher outlays.
Out of Rs 1,715 crore set apart for commodity boards of tea, rubber, coffee, spices and APEDA (Agricultural and Processed Food Products’ Export Development Authority) and MPEDA (Marine Products Export Development Authority) during the 10th Plan, the actual expenditure was slightly lower at Rs 1,623.32 crore.
This was mainly due to the under-utilisation of expenditure by the Coffee Board and APEDA.
While APEDA was able to utilise Rs 258 crore during the 10th Plan against the allocation of Rs 310 crore, the Coffee Board was able to utilise Rs 205.50 crore against the allocation of Rs 300 crore. Against the performance of these two boards, the Tea Board spent Rs 398.35 crore against Rs 350 crore allocated, MPEDA spent Rs 227.75 crore (Rs 200 crore), Rubber Board spent Rs 402.23 crore (Rs 415 crore) and Spices Board spent Rs 140 crore (Rs 140.67 crore).
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