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Bonus for pulses: Panel to submit report to FM tomorrow

A government-appointed committee under Chief Economic Advisor Arvind Subramanian to look into the issue of bonus to promote pulses cultivation will submit its report to Finance Minister.

By: | New Delhi | Published: September 15, 2016 8:17 PM
To tame pulses prices, the Centre had taken several steps, including imposition of stock limits on traders to put a lid on hoarding and imports. (Reuters) To tame pulses prices, the Centre had taken several steps, including imposition of stock limits on traders to put a lid on hoarding and imports. (Reuters)

A government-appointed committee under Chief Economic Advisor Arvind Subramanian to look into the issue of bonus to promote pulses cultivation will submit its report to Finance Minister Arun Jaitley tomorrow.

“Chief Economic Adviser (CEA) Dr Arvind Subramanian will present the Report of Pulses Committee to the Union Finance [email protected] tomorrow,” the Ministry of Finance said in a tweet.

“CEA will submit the report in presence of the Consumer Affairs Minister Ram Vilas Paswan & Agriculture Minister Dr Radha Mohan Singh,” it added.

In July this year, pulse prices had neared Rs 200 a kg, prompting the government to set up a committee under the chief economic advisor to frame a long-term policy on pulses, which will look into various options, including MSP and bonus.

The committee was asked re-examine the MSP and bonus being given to pulse growers at present and frame an appropriate policy to promote cultivation of lentils in India, he said.

To tame pulses prices, the Centre had taken several steps, including imposition of stock limits on traders to put a lid on hoarding and imports.

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