Higher buffer norms for grain

New Delhi, March 29 | Updated: Mar 30 2005, 05:30am hrs
The Cabinet committee on economic affairs (CCEA) revised upwards the buffer stocking norms for foodgrain, taking into consideration the commensurate increase in population.

The new norms will come into effect in the remaining period of the Tenth Plan. Accordingly on April 1 buffer stocking for rice will be 122 lakh tonne and that for wheat will be 40 lakh tonne. On July 1, the buffer norm for rice will be 98 lakh tonne and that for wheat will be 171 lakh tonne. On October 1, the buffer norm for rice will be 52 lakh tonne and that for wheat will be 110 lakh tonne. On January 1, the buffer norm for rice will be 118 lakh tonne and that for wheat will be 82 lakh tonne.

The CCEA approved a series of proposals for implementation of the Rubber Plantation Development Scheme by the Rubber Board during the 10th Plan at an estimated outlay of Rs 159 crore. It also approved the Comprehensive National Jute Policy 2005.

Defence ministry gets go-ahead for Mirage deal
Our Economy Bureau

New Delhi, March 29: The Cabinet committee on security has authorised the defence ministry to go ahead with price negotiations for purchase of 12 used Mirage 2005 aircraft from Qatar.

Earlier in the day, the Cabinet gave its approval for re-introduction of a Bill for amending Section 66 of the Factories Act, 1948 for providing flexibility in matters of employment of women during night hours.

The CCEA approved the proposal for implementation of the second phase of modernisation of Indian Medicines Pharmaceutical Corporation Ltd, Uttaranchal. It enhanced the authorised and paid-up capital share of this public sector to Rs 700 lakh and proposed government investment in the equity of Rs 500 lakh.