https://www.taxtmi.com/news?id=29236 The jute industry faces reduced private demand and weak prices, compounded by non implementation of the revised pricing formula for government supplies and reverse auctions on the Government e Marketplace that depress bids below commissioner set prices. Alleged non compliance with the mandatory jute packaging requirement by the sugar sector further lowers demand. The government has raised the minimum support price and increased procurement to protect farmers, while stakeholders call for enforcement of pricing reforms, compliance with packaging mandates, procurement reforms, and labour focused policies to stabilise the sector. en-us Tue, 31 Dec 2024 14:46:03 +0530 Tue, 31 Dec 2024 14:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=29236 The jute industry faces reduced private demand and weak prices, compounded by non implementation of the revised pricing formula for government supplies and reverse auctions on the Government e Marketplace that depress bids below commissioner set prices. Alleged non compliance with the mandatory jute packaging requirement by the sugar sector further lowers demand. The government has raised the minimum support price and increased procurement to protect farmers, while stakeholders call for enforcement of pricing reforms, compliance with packaging mandates, procurement reforms, and labour focused policies to stabilise the sector. News - Tue, 31 Dec 2024 14:46:03 +0530 https://www.taxtmi.com/news?id=29236