News Update

DGFT's COVID-19 Helpdesk resolving Trade related IssuesKerala declines to supply oxygen, needs more oxygen, says CMDGFT COVID-19 Helpdesk helping remove irritants faced by trade & IndustrySC server goes down; to hear plea against Centre’s vaccine policy on ThursdayCOVID-19: Eli Lilly signs deals to boost Baricitinib productionCOVID-19: India fastest globally to administer 17 cr vaccine dosesInfosys Foundation donates Rs 100 Cr to combat COVID-19I-T - Assessment order cannot be contested directly through writ petition, where no stay petition is filed against such order: HCTelecom sector - Decrypting availability of SEIS benefitCX - Bypassing appellate remedy is not preferable in view of the fact that in the event of any finding in a writ proceedings, the same may cause prejudice to either of the parties: HCReading down s.16(2)(c) of the CGST Act?GST - Considering the magnitude and the scale of the alleged fraud involving public money and the critical stage when investigation to get hold of the mastermind kingpin as well as the modus operandi is underway, no case for grant of bail is made out: HCCOVID-19: 4,200 tonne LMO delivered by Oxygen ExpressVAT - Assessment order passed without granting personal hearing to the assessee merits being set aside in favor of fresh hearing being granted to the assessee : HCTata Memorial distributes 3,800 concentrators to cancer grid hospitalsCX - It is trite law, that extended limitation is not invocable when adjudicating authorities are having divergent views: CESTATCOVID-19: Air Force cell coordinates relief distributionCOVID 2nd wave - Extension of I-T due dates - No coercive measures against any assessee - Any assessee to be given 3 weeks' prior notice to approach relevant authority or court: HCExpenses incurred towards keeping the business primed up, cannot be capitalized: HCWhen assessment is unabated or concluded on date of search, no addition can be made in absence of incriminating material found as a result of search: ITATIndia receives 1.5 lakh doses of Sputnik V vaccine: MoSCOVID-19 - A sharp dip in daily cases in India - 3.66 lakh with 3800 deaths in 24 hours + Turkey joins 50 lakhs club as 5th country + Decline in daily addition to global tally - 6.42 lakh cases with 9.9K deaths
 
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