Ker finance min takes up cause of rubber growers with Centre

Image
Press Trust of India New Delhi
Last Updated : Apr 10 2015 | 11:42 PM IST
With rubber prices witnessing a sharp decline, Kerala Finance Minister KM Mani today asked the Centre to initiate steps to mitigate the distress of rubber cultivators, including immediately freezing block rubber imports.
At a meeting with Union Commerce Minister Nirmala Sitharaman here, Mani presented a memorandum in which he said that rubber prices have fallen sharply from Rs 240/Kg to about Rs 115/Kg during the last year.
"The Advance Licensing Scheme may be kept in abeyance at least for one year so that domestic prices can stabilise. The Price Stabilisation Fund may be revived urgently," Mani, the Chairman of Kerala Congress (M), said in the memorandum.
Pointing out that rubber farmers do not get any subsidised inputs like fertilisers, etc. As rubber is not considered to be an agricultural crop, Mani said that a special subsidy package for enhancing their productivity has to be ensured.
Stating that subsidy amounts due to farmers has not been paid for the past two to three years due to low budgetary support given to Rubber Board, Mani called for the entire arrears to be released immediately to small farmers.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 10 2015 | 11:42 PM IST

Next Story