SIGN IN SUBSCRIBE

News Update

IndiGo orders 30 Airbus A350s for long haulsFiling of Form 10A & 10AB: CBDT extends due date to June 30RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimesCPGRAMS recognized as best practice in Commonwealth Secretaries of public serviceIsrael-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical InvestigationsI-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITATTRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum LeasingI-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITATTechnology Board okays funding of Dhruva Space's Solar Array ProjectI-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITATHealth Secy visits Bilthoven Biologicals, discusses production of Polio VaccineI-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITATStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideI-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITATDelhi HC says conspiracy against PM is a crime against StateI-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITATBrazil makes new rules to streamline consumption taxesI-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITATBiden signs rules mandating airlines to give automatic refunds for delayed or cancelled flightsI-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITATBYD trying to redefine luxury for new EV variantsGST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HCSC asks EC to submit more info on reliability of EVMsRight to Sleep - A Legal lullaby
 
KVIC expanding product basket; inks MoU with ITBP for supply of mustard oil

By TIOL News Service

NEW DELHI, AUG 01, 2020: THE Khadi and Village Industries Commission (KVIC) has taken another big step towards making India "Aatmanirbhar" by joining hands with ITBP to supply mustard oil. Yesterday KVIC and ITBP signed a Memorandum of Understanding (MoU) to this effect. The MoU was signed by Mr VK Nagar, Director, KVIC and Mr Rama Kant Sharma, DIG, ITBP in presence of KVIC Chairman, Mr Vinai Kumar Saxena.

As per a statement of KVIV, the development comes in wake of the instructions of Union Home Minister Mr Amit Shah to the paramilitary forces to encourage local products in a bid to support the "Aatmanirbhar Bharat Abhiyan" initiated by the Prime Minister Mr Narendra Modi. Union Minister for MSME, Mr Nitin Gadkari welcomed the move.

Mr Amit Shah had also made it mandatory to sell only "Swadeshi" products through the CAPF canteens across India. The ITBP is the nodal agency appointed by MHA for the procurement of provisions on behalf of all paramilitary forces.

The ITBP will soon place an order for supply of 1200 quintals of high quality kacchi ghani mustard oil which will be supplied by KVIC through its PMEGP units in a month's time.

KVIC Chairman Mr Vinai Kumar Saxena, while thanking the Union Home Minister for his initiative, said the MoU was a historic step as this is for the first time that KVIC has signed a deal with the paramilitary forces for supply of any material. He said this was a major step towards creating sustainable local employment in these trying times. "Providing best quality oil to our jawans guarding our borders, that too, on time will be our top priority," Saxena said.

The KVIC and ITBP have signed the MoU for a period of one year which will be renewed further. The next products in the pipeline are cotton mats (dari), blankets, bed sheets, pillow covers, pickles, honey, papad and cosmetics, etc. The total value of oil and dari will be approximately Rs 18 crore.

Notably, the KVIC recently supplied products like honey, pickles, edible oils, agarbatti, papad, amla candy and cotton towels, etc. to CAPF canteens on trial basis. Further, a list of 63 new products is being prepared for adding in the supply basket.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

TOP NEWS

AR not Afar by SK Rahman

VISION 360



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST