Wheat procurement in Uttar Pradesh will come to an end on 30th June due to limited storage capacity and the buying agencies exceeding their target for 2012
Lucknow: Taking note of the limited storage capacity and the buying agencies exceeding their target this year, the Uttar Pradesh government has decided to end wheat procurement by the end of this month, reports PTI.
Seven agencies have been stopped from wheat procurement in phases, Joint food commissioner Anil Kumar Damele said.
They are UP Agro, UP Upbhokta Sangh, State Essential Commodities Corporation, State Employees Welfare Corporation, Food Corporation of India (FCI), National Agriculture Cooperative Marketing Federation of India (NAFED) and National Cooperative Consumers Federation of India Ltd (NCCF).
Damele said Pradeshik Co-operative Federation (PCF) has been directed to stop wheat purchase from tomorrow evening.
Wheat procurement in the entire state will come to an end on 30th June with food and Civil Supplies department closing its purchase centres, he said.
The state government has also issued directives to ensure safety of wheat kept in open and asked officials to lift wheat kept at open spaces for public distribution system (PDS).
Former Chief Ministers Vilasrao Deshmukh and Ashok Chavan are scheduled to appear as witness on 27th June and 30th June, respectively, before the Commission
Mumbai: Union Power Minister and Maharashtra's former Chief Minister Sushil Kumar Shinde on Monday deposed before the Adarsh Commission in connection with the Adarsh housing society scam, reports PTI.
Shinde was the chief minister of Maharashtra from 2001 to 2003 when he cleared many files including allotment of land to Adarsh.
The two-member Adarsh Commission probing the Adarsh society scam had issued notice to Shinde on 23rd June to appear before it today as a witness in the case.
Former Chief Ministers Vilasrao Deshmukh and Ashok Chavan are scheduled to appear as witness on 27th June and 30th June, respectively, before the Commission.
Earlier, Aditya Patil, who told the Commission that he was nephew of cabinet minister Jayant Patil deposed before the commission on Saturday.
He told the commission that former MLC and an accused Kanhaiyalal Gidwani had helped him get a flat in the society.
The scam pertains to alleged irregularities in construction and allotment of apartments in the 32-storeyed high rise, originally meant for families of Kargil war heroes, in the upmarket Colaba area in south Mumbai.
The Bombay High Court is monitoring the probe being conducted by CBI, Enforcement Directorate and Income Tax.
Moody's retaining India's outlook at stable comes against the backdrop of two other leading agencies - S&P and Fitch lowering the credit rating outlook to negative
New Delhi: Ratings agency Moody's on Monday retained outlook on India's rating at stable despite slowdown in gross domestic product (GDP) growth rate saying that it is unlikely to be even a medium-term feature, reports PTI.
Moody's Investors Service in a statement said, "It is maintaining its stable outlook on India's rating as various credit challenges -- such as weak fiscal performance, tendency towards inflation and an uncertain investment policy environment -- have characterised the Indian economy for decades, and are already incorporated into the current Baa3 rating".
On the other hand, it said that certain recent negative trends -- such as lower growth, slowing investment and poor business sentiment -- are 'unlikely to become permanent or even medium-term features of the Indian economy'.
Although, Moody's expects that global and domestic factors, including potential shocks in agriculture, could keep India's growth below trend for the next few quarters.
India's GDP growth rate slowed to 6.5% in 2011-12 against 8.4% in the previous two financial years. The government expects the economic growth in the current fiscal at around 7.6%.
Moody's retaining India's outlook comes against the backdrop of two other leading agencies - Standard and Poor's and Fitch lowering the credit rating outlook to negative.
On the rupee's sharp depreciation in the recent months, Moody's said it does not raise the government's own debt service burden significantly.
The BSE 30-scrip index Sensex was trading higher by 130.54 points at 17,103.05 at 10.40 hrs.