The ComMin has asked IIFT to look into the functioning of the Board and how its mandate can be altered to serve the interests of the stakeholders, Bezboruah told IANS.
India's estimated tea production fell by 7.21% to 85.74 mn kg in April 2018 from 92.41 mn kg produced in the year-ago month, according to data from Tea Board of India.
India's tea exports grew by nearly 7% to 221.54 mn kg during Apr-Feb period of FY18 as compared to 207.22 mn kg exported in the corresponding period the previous fiscal.
India's tea exports have touched a record high in 36 years at 240.7 million kilograms during calendar 2017, Tea Board data said.
Tea production in the country suffered a decline in the month of Nov 2017 primarily due to crop loss in north India, according to Tea Board data.
Exports of tea during the first 10 months of 2017 showed a marginal rise of 6.7 pc over the corresponding period a year ago, according to data released by the Tea Board.
Bezbaruah said the government has put on hold the plan to merge all the commodity boards into one.
Tea prices have started firming up and are likely to rise further on the back of declining production for a variety of reasons, experts say.
The Tea Board has submitted a Rs 100 crore package proposal to the Centre for the Darjeeling tea industry.
In value terms, tea exports increased to Rs 2,363.22 crore during January-July period.
Aircel moves SC to make Airtel clear dues
Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf
Bank guarantees have lapsed and Aircel wants Airtel to pay the money
Alleged that Airtel is trying to usurp the sum
Aircel says without the money it may get liquidated
Bain joins KKR in race for Max Healthcare stake
PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn
To decide on buy back of shares on Aug. 20
JET AIRWAYS CLARIFIES
Co planning $400 Mn stake sale is speculative in nature
Jet Auditor BSR may quit if issues are not resolved is factually incorrect
Have been pro-actively working on multiple revenue enhancements
Evaluating various funding options to meet liquidity requirements on priority
Relationship with Etihad Airways very strong
No delays in discharging any loan obligations to any of the lenders
Default status in tabular statement only due to technical errors, rectified now
Clarifies that reports of stake sale are purely speculative
Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect
Seeks lenders help in bid to avoid default
Airline wants waiver of loan covenant on existing debt facility of $185mn
Co has to repay or refinance at least $500mn of existing debt to avoid default
Told lenders it won’t be able to meet min $50mn profit condition for FY19
Consortium of lenders yet to decide on Jet’s request
Airline’s total debt was Rs 9430 Cr as on 31st March 18
NSE TO JET AIRWAYS
Have noticed a difference in your responses dated August 9 & 10
Clarify whether mgmt extension from audit committee as per Aug 10 response
Or did Audit Committee not recommend results to board as per Aug 9 response?
In Aug 10 response, details of "Certain Matters Not Closed" not provided
Provide exact reasons for which audit committee has not approved results
Again ask you to give us date when board meet to consider results will be held