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Cabinet approves enhancing the buffer stock of pulses up to 20 lakh tonnes

News and Press Release - Dated:- 12-9-2016 - Press Information Bureau Government of India Cabinet Committee on Economic Affairs (CCEA) 12-September-2016 13:03 IST The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal of Department of Consumer Affairs on enhancing the buffer stock for pulses up to 20 lakh tonnes. The buffer stock will be built through domestic procurement and imports of 10 lakh tonnes each. The specific variety of p .....

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isation Fund' Scheme of the Department. For creating the buffer stock, the domestic procurement operations will be undertaken by the Central Agencies namely FCI, NAFED and SFAC or any other agency as decided by PSFMC at the prevailing market prices if the prevailing market prices are above Minimum Support Prices (MSP), and at MSP, if otherwise. In addition, State Governments may also be authorized, wherever possible, to undertake the procurement in a manner similar to decentralized procureme .....

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