Financial Daily
from THE HINDU group of publications

Wednesday, July 11, 2001





Cotton development programmes -- TMC to ink MoU to develop Srivilliputhur market yard
THE Technology mission on cotton (TMC), will formally sign a memorandum of understanding on July 12 with the Tamil Nadu Agricultural Primary Marketing Committee authorities for upgrading the Srivilliputhur marketing yard to serve the cotton farmers bett er.

Sharp cut in APL wheat, rice prices -- 2 million t allocation for wheat product exports
IN a bid to liquidate its burgeoning foodgrain stocks, the Centre on Tuesday announced a 26.5 per cent reduction in the issue prices of both rice and wheat channelised to the above poverty line (APL) population through the public distribution system.

No plans to produce GM tobacco: CTRI Chief
and there are no plans to introduce any such varieities in the country,

FMC seeks I-T Act amendment to offset speculative losses
THE Forward Markets Commission has sought amendments to the Income Tax Act, 1961, to enable speculative losses incurred in commodity futures trading to be set-off against profits from `normal' trading activity during the same year.

Supply of good quality pesticides -- Qualification norms likely for dealers
IN order to ensure supply of good quality pesticides, the Government is thinking of prescribing some qualification for pesticide dealers, similar to that for chemists and druggists, and the industry must select dealers with social-consciousness, Mr B.S. Minhas, Additional Secretary, the Union Ministry of Agriculture and Cooperation, said.

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