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With banks struggling to cope with the rush to get alternative currency, the government has extended the use of old defunct Rs 500 and Rs 1,000 <keyword id="47927" type="PERSON" weightage="20" keywordseo="notes">notes</keyword> for paying household utility bills, fuel, taxes and fees and purchases from co-operative stores till November 24. 
 
While withdrawing Rs 500 and Rs 1,000 notes from the night of November 8-9, the government had allowed the use of the old currency at government hospitals, railway ticketing, public transport, airline ticketing at airports, milk booths, crematoria/burial grounds, and petrol pumps for 72 hours. 
 
This list was later expanded to include payments for metro rail tickets, highway and road toll, purchase of medicines on doctor prescription from the government and private pharmacies, LPG gas cylinders, railway catering, electricity and water bills and ASI monument entry tickets. 
 
As banks struggled to give alternate currency, the deadline was extended by another 72 hours. That deadline was to end at midnight tonight, but has now been extended till November 24, official sources said. 
 Old currency can also be used for purchases at consumer co-operative stores like <keyword id="542632" type="COMPANY" weightage="20" keywordseo="Kendriya-Bhandar">Kendriya Bhandar</keyword> with valid ID proof as also for paying a court fee. 
 
But payments towards utility bills will be restricted to only individuals or households for arrears and/or current bills. No advance payments will be allowed.

INR 500 and INR 1,000 notes can be used for key utility payments till Nov 24

New Delhi, The Centre on Tuesday announced sale of an additional 20 lakh tonnes of wheat in the open market to further bring down the retail prices of wheat and wheat flour (atta) and asked flour millers to cut rates with softening in wholesale price of grain. On January 25, the Centre had announced sale of 30 lakh tonnes of wheat in the open market from its buffer stock to check rise in prices of wheat and wheat flour (atta). According to an official statement, the government has decided that state-owned Food Corporation of India (FCI) will offload an additional quantity of 20 lakh tonnes of wheat in open market under the Open Market Sale Scheme (OMSS). The stocks will be sold through e-auction to flour mills/private traders/bulk buyers/manufactures of wheat products. The proposal to sell stocks in the open market was taken by a group of ministers, sources said. "So far, 50 lakh tonnes (30+20 lakh tonnes) of wheat have been decided to be offloaded under the OMSS. The reduction in reserve price along with additional offloading of 20 lakh tonnes of wheat will collectively help in reducing market price of wheat and wheat products for consumers," the statement said. Union Food Secretary Sanjeev Chopra held a video conference meeting with Food Corporation of India (FCI) and the representatives of flour millers/associations/ federations/atta, suji product manufacturers on to review the lifting of stocks in the second round of e-auction held recently. Flour millers were advised to bring down the prices of atta and other products in line with the reduction in market prices of wheat, the statement said. After announcement of the OMSS policy, the food ministry said that prices of wheat and atta have come down but still inflation figure for January 2023 was at 3 months high of 6.52 per cent. As per the government data, the average prices of wheat across major cities stood at Rs 33.15 per kilogram on Monday, while the average prices of atta (wheat flour) stood at Rs 37.63 per kg. Last month, the government announced plans to sell 30 lakh tonnes of wheat in the open market from its buffer stock under the OMSS. Out of the 30 lakh tonnes, the FCI is selling 25 lakh tonnes to bulk consumers like flour millers through e-auction and 2 lakh tonnes to states/Union Territories. Three lakh tonnes of wheat are being provided to institutions and state-PSUs at a concession for converting wheat into wheat flour. In the two rounds of e-auctions for bulk consumers, nearly 13 lakh tonnes wheat have been sold. FCI will offer 11.72 lakh tonnes of wheat during the third e-auction to be held on February 22. Last week, the ministry reduced reserve price of fair and average (FAQ) quality wheat to Rs 2,150 per quintal, while for Under Relaxed Specifications (URS) wheat to Rs 2,125 per quintal. These new reserve prices are applicable from the third sale of wheat through e-auction. Moreover, the rate of wheat has been reduced to Rs 21.50 per kg for sale to NCCF/NAFED/ Kendriya Bhandar/state government cooperatives/federations as well as community kitchen /charitable/NGO etc. for converting wheat into atta and then selling to consumers at Rs 27.50 per kg. To control price, the Centre had banned wheat exports in May last year. India's wheat production fell to 107.74 million tonnes in the 2021-22 crop year (July-June) from 109.59 million tonnes in the previous year due to heat waves in a few growing states. The procurement fell sharply to 19 million tonnes this year from around 43 million tonnes last year. Wheat production is estimated to rise at 112.18 million tonnes in the current 2022-23 crop year on higher acreage and better yield. However, the rise in temperature during this month in key producing states has again become a concern for the farm scientist and policy makers. On Monday, the government formed a committee to monitor the situation arising out of any unusual rise in temperature and its impact on the wheat crop and issue necessary advisories to the farming community to save the crop. The move comes as some parts of the country have started witnessing above-normal temperatures. In the first week of February, the maximum temperature in major wheat growing areas, barring Madhya Pradesh, remained higher than the average of the last seven years, as per the National Crop Forecast Centre (NCFC).

Centre to sell 20 lakh tonnes of wheat in open market from buffer stock to cool prices of atta

New Delhi, Nov 25 () Public sector trading firm MMTC, which has been tasked to import onion on behalf of the Centre to cool prices, has contracted to import 6,090 tonnes from Egypt, and the edible bulb will be supplied to states in a price range of Rs 52-60 per kg.
 Last week, the Union Cabinet decided to import 1.2 lakh tonnes of onions to improve the domestic supply and control prices, which touched Rs 100 per kg earlier this month. Retail prices are ruling at around Rs 70 per kg in the national capital.
 "MMTC has placed order for the first consignment of 6,090 tonnes of onions from Egypt which will be arriving at Nhava Sheva (JNPT), Mumbai. The Onions are being offered to state governments for distribution at the rate of Rs 52-55 per kilogram ex-Mumbai and will also be made available at the rate of Rs 60 per kilogram ex-Delhi," an official statement said.
 States could directly take the imported stock from the location and also have the option of getting transportation facilitated through NAFED, if required.
 "The supply of imported onions will begin from early December onwards," the statement said.
 Consumer Affairs Secretary Avinash K Srivastava on Monday held video conference with state governments to analyse their demand. He has also written a letter to chief secretaries of all states on November 23 in this regard.
 While the Delhi government is yet to place any demand for onions, NAFED has informed that it will retail onions through its own outlets and those of Mother Dairy, Kendriya Bhandar and NCCF.
 "The total demand received so far from various state governments for the 1st week is 2,265 tonnes which includes demand from Andhra Pradesh, West Bengal, Odisha, Kerala and Sikkim and also includes the demand of NAFED for supplies in Delhi," the statement said.
 Other states have been requested to indicate their demand at the earliest.
 On November 19, Food Minister Ram Vilas Paswan said production in kharif and late-kharif seasons of 2019-20 is estimated to fall 26 per cent to 5.2 million tonne, putting pressure on supply and prices.
 In a written reply to the Lok Sabha, Paswan said onion is a seasonal crop with harvesting period of rabi (March to June), kharif (October to December) and late-kharif (January-March). During July to October, the supply in the market comes from stored onions from rabi season.
 "During 2019-20, there was a 3-4 weeks delay in sowing as well as decline in sown area of the kharif onion because of late arrival of monsoon. Further, untimely prolonged rains in the major growing states of Karnataka, Maharashtra and Madhya Pradesh during the harvesting period caused damage to the standing crops in these regions," Paswan had said.
 As a result, the minister said the production of kharif crop was affected.
 The rains during the September-October period also hit transportation of crop from these producing regions to consuming centres, he had said.
 "This led to limited availability of kharif onions in the market and has put pressure on its prices," Paswan had said.
 The minister said the government has banned onion exports and imposed stock limits to boost domestic supply and check prices. MJH HRS

MMTC contracts to import 6,090 tonnes onion from Egypt; to be supplied to states at Rs 52-60/kg

You Searched For "Kendriya Bhandar" and got 3 results

INR 500 and INR 1,000 notes can be used for key utility payments till Nov 24

PTI

Centre to sell 20 lakh tonnes of wheat in open market from buffer stock to cool prices of atta

PTI

MMTC contracts to import 6,090 tonnes onion from Egypt; to be supplied to states at Rs 52-60/kg

PTI

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