💨 Abstract

The Ministry of Textiles has approved a new pricing framework for Indian jute mills, guaranteeing them an 8.19% return on capital for supplying jute bags for foodgrain packaging. The new pricing formula, effective from September 2016, aims to benefit all stakeholders, including 4 lakh mill workers and 40 lakh farmer families.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖