TMI BlogAdverse Effect of Agricultural Produce Marketing Act on Retail Market.X X X X Extracts X X X X X X X X Extracts X X X X ..... Adverse Effect of Agricultural Produce Marketing Act on Retail Market. - News and Press Release Dated:- 21-12-2011 - News - Press Information Bureau Government of India Ministry of Commerce Industry 21-December-2011 12:31 IST Adverse Effect of Agricultural Produce Marketing Act on Retail Market As Agriculture marketing is a State subject, a number of State Governments and U ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nion Territories have enacted legislations (APMC) Acts) to provide for regulation of agricultural produce markets. In order to promote, interalia direct marketing/procurement of agricultural produce directly from farmers by bulk buyers, exporters/processors etc. The Ministry of Agriculture, in consultation with States/Union Territories, framed a Model APMC Act and circulated the same to States/Uni ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on Territories, in 2003, for making necessary amendments in their existing APMC Acts. Nineteen States/Union Territories have made such amendments in their APMC Act for direct marketing. The Government has since approved a proposal to permit FDI, up to 51% under the Government route, in multi brand retail trading , subject to specified conditions. Amending the APMC Act is not one of the condition ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. However, the decision has been suspended in order to evolve a broader consensus among various stakeholders. Farmers are expected to benefit from the reduction in post-harvest losses, likely to result from the strengthening of the backend infrastructure and direct purchases by the retailers, thereby obtaining remunerative prices for their produce. This information was given by Shri Jyotiradi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tya M. Scindia, Minister of State for Commerce and Industry in written reply to a question in the Rajya Sabha today. DS/GK - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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