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NACOF asked to pay dues with interest; Registrar waives off penalty
Underlining co-op spirit, Central Registrar waives off penal interest
The Central Registrar of Cooperative Societies Vivek Aggarwal has directed NACOF to repay the principal amount along with the interest to NCDC within six months and asked NCDC to waive off the penal interest.
The matter is related to loan default, a case filed by NCDC against the Delhi based National Federation of Farmers’ Procurement, Processing and Retailing Cooperative of India (NACOF) which is currently going on in the court of Central Registrar of Cooperative Registrar, according to the delayed news coming to Indian Cooperative desk.
Govt to buy another 1.5 lakh tonnes of rice from India
Star Business Report
Star Business Report
The government will bring in another 1.5 lakh tonnes of rice from India to enrich the country s food stock.
Finance Minister AHM Mustafa Kamal today gave go-ahead to the import proposals in two cabinet committee meetings.
Some 1 lakh tonnes of rice will be imported from the National Federation of Farmers Procurement, Processing and Retailing Cooperatives of India Ltd, an Indian government organisation on agriculture.
The cabinet committee on economic affairs approved the import, the price of which will be decided later after government to government negotiations between the two neighbouring countries.