logo
Licences of 24 fertilizer dealers suspended after raids in Gujarat

Licences of 24 fertilizer dealers suspended after raids in Gujarat

Time of India5 hours ago

Gandhinagar: The state agriculture department conducted surprise raids at dealerships selling chemical fertilizers on Saturday to prevent misuse. In the state-wide raids conducted across 16 districts, the licences of 24 dealers were suspended, the govt said on Sunday.
The govt stated that the inspections were carried out to ensure that sufficient fertilizer stocks are available to farmers for the kharif season. An official statement mentioned that the inspections were conducted by 32 teams of the agriculture department on Saturday in 16 districts. The inspections involved checking the physical stock of fertilisers, the stock in POS machines and verifying records of govt-approved dealers of chemical fertilizers.
"In total, 57 dealers across 16 districts were inspected, and show-cause notices were issued to dealers for various reasons. The licences of 24 dealers were suspended due to irregularities found in the fertilizer stocks at 24 locations," the statement said. An estimated 1,090.64 metric tonnes of fertilizers worth 1.78 crore were prevented from being sold, and further legal action was taken. During the inspection, sale of fertilizer stocks was verified with 101 farmers," the statement added.
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Giao dịch vàng CFDs với sàn môi giới tin cậy
IC Markets
Tìm hiểu thêm
Undo
In the first raid conducted by the agriculture department, discrepancies were found at 17 locations, and an estimated stock of 718.47 metric tonnes worth approximately 1.14 crore was prevented from being sold. The statement added that a total of 31 show-cause notices were issued for various reasons, and the licences of 17 dealers were suspended.
In the second round of inspection, another 31 dealers were also subjected to raids. A total of 372.17 metric tonnes of unauthorized stock worth Rs 63.65 lakh was prevented from being sold. Show-cause notices were issued to the dealers for various reasons, and the licences of seven dealers were suspended.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ITC bets on buyouts to grow food business
ITC bets on buyouts to grow food business

Time of India

time42 minutes ago

  • Time of India

ITC bets on buyouts to grow food business

NEW DELHI: After the recent acquisitions of Yoga Bar and 24 Mantra Organic, ITC Foods is sharpening its focus on strategic takeovers to accelerate growth, gain rapid entry into high-potential categories, and align with consumer preferences for health, indulgence, convenience, and premium offerings. Tired of too many ads? go ad free now This move aligns with the 'ITC Next' strategy, which prioritises value-accretive acquisitions as a core expansion driver, Hemant Malik, executive director, ITC, told TOI. The company plans to drive growth through a combination of brownfield and greenfield investments, navigating challenges of subdued urban consumption amid weak household incomes and spiralling inflation. During the year, there was severe inflationary pressure in edible oil, wheat, maida, cocoa, and packaging inputs, which, the company said, was partially mitigated through cost management initiatives, calibrated pricing actions, and a strategic push towards premiumisation. Malik expects the premium category to grow at least twice the pace of the overall FMCG business. "We are creating offerings for the health-seeking new India, growing per capita India, Gen Z, as well as consumers seeking richer and new experiences. Many of them would have premium pricing. It's all about providing the right value to the consumers... Premium is not limited only to metros; there are premium customers across the country," he said. At present, around 30% of the ITC portfolio is premium products. The strategy seems to be paying off. ITC's revenue from packaged foods increased nearly 28% to Rs 21,982 crore in FY24-25. "Health is the fastest growing segment for us, growing at 400 times that of the remaining foods business. We're also keeping a close watch on emerging consumer needs - whether it's health, nutrition, convenience, or indulgence. These trends shape how we evolve our portfolio and explore new categories. We are creating a lot of new products based on evolving consumer needs, for every life stage or cohort," Malik said. The food category still has significant headroom for growth - especially since a large part of it remains unbranded, according to Malik.

800 transactions worth Rs 3 cr on first day of weekend property registration drive
800 transactions worth Rs 3 cr on first day of weekend property registration drive

Time of India

time43 minutes ago

  • Time of India

800 transactions worth Rs 3 cr on first day of weekend property registration drive

Bengaluru: The govt's new weekend property registration initiative kicked off on a promising note with over 800 documents registered across the state on June 1— the first Sunday after the reform was introduced. The initiative, aimed at easing weekday congestion at sub-registrar offices, brought in more than Rs 3 crore in revenue through stamp duty and registration fees on that one day alone. Officials from the department of stamps and registration described the initial response as "decent" and "encouraging". Some said they are optimistic that participation will increase in coming weeks. "Besides easing weekday rush, the move is aimed at offering flexibility to working individuals," said a department official. He said the department is considering launching awareness campaigns to popularise the option. As per the scheme, at least one sub-registrar office in every district will remain open on the second and fourth Saturdays and all Sundays of the month. Department data shows around 834 property documents were registered across the state on the opening day, including 60 linked to the farmer registration and unified beneficiary information system (FRUITS). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Egypt: New Small Electric Car For Seniors. Prices Might Surprise You. Electric Cars | Search Ads Undo Dharwad district saw the highest number of registrations at 140, followed by Chitradurga with 95 and Bijapur (Vijayapura) with 69. In contrast, the five stamp and registration districts within Bengaluru Urban recorded just 20 registrations in total. There are 35 registration districts in Karnataka, including five within Bengaluru, but on June 1, only 32 districts offered property registration services. No registrations took place in Kodagu, Karwar, and Shivajinagar. P Sunil Kumar, inspector general of registration and commissioner of stamps (IGRCS), highlighted the rationale behind the move. "The sub-registrar offices working on the second and fourth Saturdays and all Sundays will observe a holiday on the following Tuesday. So, the revenue collection will remain the same. Our main intention is to assist the working class rather than collecting more revenue," Kumar said. He also said the department will monitor the scheme over the next few weeks to assess its effectiveness. "The department may adopt any measures required after the review for the effective implementation of the initiative in the state," he added. Officials noted that weekend registration has made the process smoother for buyers and sellers alike, especially for those who previously struggled to visit sub-registrar offices during the week due to packed schedules.

FPIs withdraw Rs 8,749 crore from Indian equity markets in June
FPIs withdraw Rs 8,749 crore from Indian equity markets in June

Time of India

time43 minutes ago

  • Time of India

FPIs withdraw Rs 8,749 crore from Indian equity markets in June

NEW DELHI: After investing a staggering amount in May, foreign investors turned net sellers with a withdrawal of Rs 8,749 crore from the Indian equity markets in the first week of this month triggered by renewed US-China trade tensions and rising US bond yields. This momentum follows a net investment of Rs 19,860 crore in May and Rs 4,223 crore in April, data with the depositories showed. Prior to this, foreign portfolio investors (FPIs) had pulled out Rs 3,973 crore in March, Rs 34,574 crore in February, and a substantial Rs 78,027 crore in January. With the latest withdrawal, the total outflow has reached Rs 1.01 lakh crore in 2025 so far. "This bearish sentiment was triggered by renewed US-China trade tensions and rising US bond yields, which steered investors towards safer assets," Himanshu Srivastava of Morningstar Investment, said. Besides, a US investigation into Adani Group's alleged sanction violation on Iran further weighed down investor confidence and dragged down key equity indices, he added. However, the unexpected monetary action from the RBI boosted market sentiments significantly. Apart from equities, FPIs pulled out Rs 6,709 crore from debt general limit and Rs 5,974 crore from debt voluntary retention during June 2-6. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store