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India set to launch an e-portal to procure tur pulses, aims to cut imports.
Jan 03, 2024

India’s Minister for Cooperation Amit Shah will launch an e-portal on January 4, 2024, to procure tur pulses above market prices, government sources informed CNBC-TV18. Through this e-portal, the centre aims to register available stocks that farmers intend to sell.
 
The pulses will be procured by government-backed cooperatives like NAFED (National Agricultural Cooperative Marketing Federation of India) and NCCF (National Cooperative Consumers' Federation of India) as per a dynamic pricing formula.
The move is aimed at incentivising farmers by ample remuneration, building a buffer stock as well as to reduce imports. As per government estimates, India is slated to import 12 lakh tonnes (LT) of pulses in the ongoing fiscal, which is more than 35% compared to the previous fiscal.
 
Centre’s decision comes after detailed discussions were held over the issue between the Ministry of Cooperation & Ministry of Consumer Affairs, Food and Public Distribution.
 
    
cnbctv18.com

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