Tuesday, Jul 7 2020 | Time 02:33 Hrs(IST)
States » South

Covid-19: Tobacco Board suspends auction in Karnataka

Mysuru, Mar 23 (UNI) The Tobacco Board has suspended auction of Tobacco across all its 10 platforms in the Karnataka in the wake of the Lockdown declared by the State government to combat the Covid-19 outbreak.
However, the suspension of auction comes at the fag end of the season as barely two million kg of Tobacco was remaining to be auctioned.
The annual auction season of Tobacco, which began in the second week of September 2019, was scheduled to end by the end of March. “We would have completed the auction of the entire Tobacco by this weekend if it had not been for the Lockdown”, said officials of the Tobacco Board.
Out of the 10 platforms, auction has been completed in 6 platforms. Except for the stock coming from the clusters earmarked for the platforms in Periyapatna and Chilkunda, the remaining tobacco has been auctioned.
Against the sanctioned crop size of 100 million kg for the year, a total of 102 million kg had already been purchased, said Tobacco Board officials. About four to five million kg of excess tobacco is attributed to cultivation of the crop by unauthorised growers and authorised farmers cultivating Tobacco in excess of the sanctioned quantity.
Also, the suspension of auction comes at a time when the Tobacco had just begun commanding a better price in view of non-availability of Tobacco grown in China, said President of Federation of VFC Tobacco Growers’ Association of Karnataka Javare Gowda.
More News

11 flights with 2340 passengers to arrive at CIAL on Tuesday

06 Jul 2020 | 11:47 PM

Kochi, Jul 06 (UNI) As many as 11 repatriation flights with 2340 passengers
are expected to arrive at Cochin International Airport here on Tuesday.

see more..

Gold smuggling: PwC clarifies sacked woman on payroll of 3rd party agency

06 Jul 2020 | 11:46 PM

Thiruvananthapuram, Jul 6 (UNI) PricewaterhouseCoopers (PwC), a multinational professional services provider, on Monday clarified that the woman who was sacked from the Kerala IT Department for her alleged role in the smuggling of gold through the UAE diplomatic baggage, was on the payroll of a third party agency.

see more..

Telangana: SLBC target to disburse over Rs 75,000 cr loans to Agriculture sector in this fiscal

06 Jul 2020 | 11:44 PM

Hyderabad, Jul 6 (UNI) : The State Level Bankers Committee (SLBC), here on Monday decided to raise the Agriculture disbursement target to Rs 75,141.71 crore for 2020-21, an increase of 9.54 per cent over the last fiscal’s loan component of Rs 68,596.71 crore.

see more..

Former consulate official questioned over 30 kg gold smuggling case

06 Jul 2020 | 11:43 PM

Kochi, Jul 6 (UNI) A former official of UAE consulate was taken into custody and questioned by customs officials on Monday over the smuggling of 30 kg of gold in the diplomatic baggage in Thiruvananthapuram.

see more..

Union Textiles Minister praises Telangana’s unique industrial policies

06 Jul 2020 | 11:38 PM

Hyderabad, Jul 6 (UNI) Praising for the Telangana government’s unique industrial policies and quality leadership, Union Minister for Textiles, Smriti Irani on Monday stated that Telangana has been successful in attracting major investments to the state in the last six years with its industry-friendly policies.

see more..