Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
APMC traders have been demanding removal of 1.5 per cent market cess after the Centre introduced the agri-marketing reforms through an ordinance recently
The Karnataka government has further reduced the market fee charged by APMCs to 0.35 per cent from one per cent, a move that’s expected to provide traders in the APMC market yards a level playing field with private markets and other entities. This is the second such revision in market fee this month.
Agricultural Produce Market Committee (APMC) traders have been demanding removal of the 1.5 per cent market cess after the Centre introduced agri-marketing reforms through an ordinance recently, giving farmers a choice to sell their produce at the farm gate. As a result, Karnataka government reduced the market cess to 1 per cent in early July.
However, not content with the State’s move, the APMCs had threatened to go on strike from Monday demanding removal of the market fee. Buckling under the pressure, the State decided to further reduce the market fee/user fee to 0.35 per cent of the transaction value. The fee would be used for providing maintenance services in the market yard, such as security and cleaning, among others, sources said.
Welcoming the government’s latest move, a large section of traders have decided to withdraw the proposed strike, but some APMCs, mainly in Central and North Karnataka, have started the strike. “The strike has begun today and about 25-30 APMCs are participating in it,” said Shankaranna Munavalli, President of the APMC Action Committee in Hubballi.
In a statement welcoming the government’s decision, the Federation of Karnataka Chambers of Commerce and Industry (FKCCI), the apex trade body in the State, said the reduction in market cess not only helps farmers, but also APMC merchants in the state to sell their products competitively. It also safeguards the interests of several families who are depending on these market yards for their livelihood.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
Here is a checklist that equips you to discern the market nuances
Sensex, Nifty 50 have witnessed sharp decline
The fund has consistently outperformed S&P BSE 100 TRI over one, three and five years
Returns are superior to immediate annuity plans, but SCSS can secure better rates for new investors sooner if ...
With the public looking beyond mainstream media for reports from the ground, independent digital platforms are ...
The country hasn’t had a quiet moment since the military seized power on February 1
The Tatmadaw sees itself as an embodiment of the nationalist soul of Myanmar. But their brand of nationalism ...
While Supreme Court has cleared the way for women seeking longer tenures and senior roles in the Indian Army, ...
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor