December 2016 Current Affairs

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Union Government notified Maximum Sale Price of Bt Cotton Seed

Union Government notified Maximum Sale Price of Bt Cotton Seed
14 March 2016 Current Affairs: The Union Government on 9 March 2016 notified maximum sale price of Bt cotton seed for 2016-17. An announcement in this regard was made by the Union Agriculture and Farmers Welfare Minister Radha Mohan Singh.As per the notification, the price of BG-I version of Bt cotton hybrid (9450 grams of Bt Cotton plus 120 grams refugia) was fixed at 635 rupees, while the price of BG-II version was fixed at 800 rupees.The notification was released as per the Cotton Seed Price (Control) Order, 2015 that was issued under the Section 3 of the Essential Commodities Act, 1955.In India, the Bt cotton seed market has been largely controlled by the private companies especially by the multinational companies like Monsanto.Though these companies ensured adequate supply of the seeds there were wide scale allegations that they were charging exorbitant prices that consequently became a cause of concern for small and marginalized cotton growing farmers.Against this backdrop, the Union Government issued the Cotton Seed Price (Control) Order, 2015 on 7 December 2015 in order to regulate Bt cotton seed prices and there by safeguard the interests of the farming community.As per this order, a nine-member committee was set up to recommend the maximum sale price after taking into consideration the seed value, licence fees including one-time and recurring royalty (trait value), trade margins and other taxes.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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