Question
Which of the following organisation procures cotton from
farmers through price support operations under the minimum support price (MSP) mechanism?Solution
· Cotton Corporation of India was established in 1970 under Companies Act 1956. It’s a Government of India’s corporate agency, engaged in diverse activities related to trade, procurement, and export of cotton. CCI is governed by Textile Policy 1985 issued by Ministry of Textiles, Government of India. · The Commission for Agricultural Costs & Prices (CACP) recommends MSPs for 22 mandated crops and fair and remunerative price (FRP) for sugarcane. · CACP is an attached office of the Ministry of Agriculture and Farmers Welfare. · 60 central public sector enterprises (CPSEs) under ministries of fertiliser, textiles, chemicals and petrochemicals, pharmaceuticals and commerce are likely to feature on the initial list of firms for privatisation or closure, as the government embarks on implementing the new public sector enterprises (PSE) policy in the ‘non-strategic sectors’. · There are about 175 CPSEs in the non-strategic sector, one-third of which will ultimately be closed and of the rest, viable units will be privatised while a handful of not-for-profit companies will be retained in the public sector. · A group of officers from Niti Aayog, department of public enterprises and administrative ministries are identifying the companies which will be privatised or closed as per the PSE policy. · All the nine CPSEs under the fertiliser ministry, including Madras Fertilizers and National Fertilizers are likely to be privatised over the years. · Cotton Corporation of India (CCI) and the Jute Corporation of India (JCI) will be retained in the government sector as they are public good companies set up for the welfare of farmers. CCI procures cotton and JCI jute from farmers through price support operations under the minimum support price (MSP) mechanism. · The Budget for FY22 unveiled the strategic sector policy which entails that the government have a minimum presence in the four broad sectors while the remaining ones can be privatized or merged or closed.
______________ under the Banking Regulation Act, 1949, means the accepting, for the purpose of lending or investment, of deposits of money from the publ...
As per Partnership Act, In case a partner causes loss to any third party, liability rests with____.
A member of an All- India service and civil service of any States holds office __________.
Who is the Chairperson of SEBI now?
The Board of Directors of a company need approval at the company general meeting for contribution, to bona fide charitable and other funds, exceeding __...
Under Companies Act 2013, liability for fraudulent conduct of business is present under ________
Where can a person aggrieved by an order of the National Company Law Appellate Tribunal may file an appeal as per the IBC?
When did the Real Estate Regulation and Development) Act, 2016 came into effect?
No objection as to Jurisdiction shall be allowed by ___________________ except when it was taken before the court of first instance at the earliest poss...
Specific Relief Act delas with the recovery of ______________