Cabinet Committee on Economic Affairs (CCEA) Current Affairs - 2020
The Cabinet Committee on Economic Affairs (CCEA) has made packaging of foodgrains & sugar in jute material mandatory for jute year 2014-15.
In this regard CCEA mentioned that packaging with jute material will be mandatory for minimum 90 per cent of production in case of food grains and 20 per cent in case of sugar production.
With this decision, government is seeking to help the jute sector which generates a lot of livelihoods for farmers and workers.
CCEA also has approved providing financial support to the Jute Corporation of India (JCI). In this regard, government will provide subsidy to JCI on a continuous basis to off-set the losses on account of Minimum Support Price (MSP) operations.
The quantum of subsidy will include the difference between the Purchase and Sale Price of MSP Raw Jute.
Tags: Cabinet Committee on Economic Affairs (CCEA) • Current Affairs 2016 • Jute Corporation of India (JCI)
In a move that would empower the State governments to carry out de-hoarding operations, the Cabinet Committee on Economic Affairs (CCEA) approved the inclusion of onion and potato under the purview of stock holding limits under the Essential Commodities Act, 1955.
This has been taken to deal with the problem of artificial scarcity of these commodities created by the hoarders which leads to increase in prices. It will also improve the availability of these commodities to the general public particularly vulnerable sections.
State Governments are now empowered to continue to conduct de-hoarding operations effectively under the Essential Commodities Act, 1955 by fixing stock limits/licensing requirements etc. in respect of these commodities especially in view of soaring prices.
The Essential Commodities Act, 1955 seeks to ensure the easy availability of essential commodities to consumers and to protect them from exploitation by dishonest traders. The Act enables regulation and control of production, distribution and pricing of commodities, which are declared as essential for maintaining or increasing supplies or for securing their equitable distribution and availability at fair prices. Various Ministries/ Departments of the Central Government and State Governments/Union Territory administrations exercise the powers of this act to issue Control Orders for regulating production, distribution, price and other aspects in relation to the commodities declared as essential.