January 28, 2015 8:42 PM

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Packaging of foodgrains & sugar in jute material to be mandatory

Packaging of food grains and sugar in jute material will be mandatory. It will be minimum of 90 per cent of production in case of food grains and 20 per cent for sugar. The decision was taken by the Cabinet Committee on Economic Affairs, CCEA. The decision will help the jute sector which generates a lot of livelihoods for farmers and workers. In another decision, the CCEA approved financial support to Jute Corporation of India (JCI) on a continuous basis to offset the losses on account of Minimum Support Price, MSP operations. The quantum of subsidy will include the difference between the Purchase and Sale Price of MSP Raw Jute. The quantum of subsidy will also include fixed overhead charges incurred by JCI in maintaining its infrastructure for MSP operation.

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