Financial Daily
from THE HINDU group of publications

Wednesday, June 13, 2001





Certification for organic product exports
NEW DELHI: In an apparent bid to curtail exports of spurious organic products from the country, the Commerce Ministry has made it compulsory for exporters to obtain valid `organic certificates' issued by accredited authorities.

Sibling rivalry!
AMIDST expressions of widespread anxiety among farmers on the falling prices of agricultural and horticultural produce in the globalised market, the farmers of the Dakshina Kannada district of Karnataka are faced with a different sort of competition -- t his time from the State capital.

Govt rules out easing of FCI wheat tender norms
THE Government has ruled out any easing of the Food Corporation of India's (FCI) tender norm for wheat exports requiring bidders to furnish `irrevocable, non-transferable' bank guarantees amounting to the difference between FCI's ex-godown price of Rs 43 0 per quintal for exports and the Rs 700 per quintal rate under its open market sale scheme (OMSS).

Screen-based trading soon at Mumbai commodity bourse
THE Bombay Commodities Exchange Ltd, in a bid to push up liquidity on commodity futures trade, is setting up screen-based trading system shortly.

APEDA plans marketing centre in Amsterdam
APEDA plans to set up a marketing centre in Amsterdam to get a better stronghold in that market for the Indian floriculture industry, the APEDA Chairman, Mr Anil Swaroop, has said.

Food & Dairy Products
Greens seek bio-safety norms for GM foods
CHINA has joined Sri Lanka and Thailand by taking a precautionary approach against genetically modified (GM) foods. And India should take a cue from its neighbours in the region and tighten controls on the entry of GM food coming into the country, accord ing to global non-governmental organisation, GreenPeace.

PAT demands halt to farm imports for 5 years
THE Chairman of the Planters' Association of Tamil Nadu (PAT), Mr D.P. Maheshwari, has sent an SoS to the State Government to save the ailing plantation industry.

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