251:
recommendation from this review was to give the JCI a monopoly of jute purchases. A 2010 audit said the company still did not provide effective price support. In the years from 2003 to 2009 the company only bought between 0.99% and 10.4% of the available jute, and covered 43% of jute trading centers. At times the JCI stopped purchases due to lack of storage facilities, forcing farmers to sell at lower prices to middlemen. The 2010 audit recommended a number of improvements to procedures combined with scaled-up operations so as to provide more effective support to the jute growers.
182:
High prices one year may lead to over-planting and a glut the next year. Both the growers and the mills that use the crop suffer from these fluctuations. International users have shifted to synthetic fibers in part due to the uncertain supply and in part to high export duties imposed by the Indian government. The government has had to take over the operations of mills that could not compete in this difficult market. The JCI was established in an attempt to stabilize prices, create a buffer stock for the mills and ensure that farmers received a fair return.
223:. As of 2004 the JCI operated 171 departmental purchase centers and 69 state-level cooperative centers, and purchased from almost 250 village-level cooperatives. Each of the purchase centers was in hired premises and included an import shed, assortment shed, bale press shed, bale storage godown and office. The JCI had enough total storage for 215,000 bales each weighing 180 kilograms (400 lb).
26:
227:
these years. In the 1980s the JCI experienced difficulty in disposing of its stocks of raw jute purchased under the MSP. The
Ministry of Textiles used the power vested in the Jute Commissioner under the Essential Commodities Act, 1955 to fix the price of B.Twill bags and to require private jute mills to lift raw jute from the JCI. This practice has remained in force since then.
173:(CACP). This protects the jute growers from exploitations in the hands of the middle men. The basic objective is not profit making but a social cause to protect the interest of about 4.00 million families engaged in farming of jute, most of whom are small / marginal farmers. Therefore, the presence of JCI in the market provide stability in the raw jute prices.
262:, Darrang, Assam, blocking off a road and then attacking vehicles. The police fired, killing four jute farmers. The farmers' complaint was that a cartel of buyers was keeping prices artificially low. In response the state authorities announced that the sales tax on raw jute would be dropped and a new jute mill would be established at
246:
For the 2011-2012 budget year the amount granted was ₹550 million. When there is a plentiful jute crop, as in 1979-1980 and 1985–1986, the JCI has purchased large quantities at the MSP but the price in many other jute markets has fallen below the MSP. In years with low production, prices have soared
181:
Traditionally the jute trade in India has been controlled by middlemen, with a large difference between what the mills pay and what the farmers receive. The jute industry suffers from wide fluctuations in price and supply due to rapid changes in the area cultivated and to the effects of the weather.
242:
The JCI has made a loss in almost every year of operation since it was founded in 1971/1972.But in recent years it has started making profits. The
Government of India provides an annual subsidy to cover the MSP, even in years where there is no MSP outlay. In these years the subsidy is set aside for
226:
The company purchases jute at the defined minimum price when market prices drop to this level, and later sells the jute to jute mills. In times when demand is strong there may be no need to make purchases since the price remains above the MSP. However, the JCI continues commercial operations in
250:
A review of operations up to 1978 found that the JCI had failed to meet its objective of stabilizing price and supply. It did not have the organization it needed for effective operations, was short of funding and was handicapped by interference in the way it operated from the
Ministry. The
230:
As implementing agency of JTM Mini
Mission-III, JCI is engaged in developing market infrastructure like Market Yards, Departmental Purchase Centers (DPCs) etc. and to develop market linkage for jute growers.
194:
based on recommendations from the
Commission for Agricultural Cost and Prices. JCI was established in 1971. At first a small agency, it has steadily grown and now operates in the main jute-growing states of
672:
169:/ mesta without any quantitative limit from the growers at the minimum Support price (MSP) declared in each year by the Government Of India based on the recommendations made by
258:
to force JCI to purchase jute direct from farmers rather than from middlemen. In
October 2011 farmers demonstrated against the low prices offered for their produce in
647:
623:
731:
736:
751:
165:. It is incorporated by the Government Of India in 1971 as a price support agency with a clear mandate for the procurement of raw
234:
In recent years JCI is engaged in promoting alternate jute retting technologies viz. jute decorticator, enzyme based retting.
741:
726:
523:"Grant of subsidy to Jute Corporation of India to maintain its infrastructure for MSP (Minimum Support Price) operations"
150:
612:
559:
721:
549:
492:
578:
746:
158:
107:
655:
631:
541:
Committees and
Commissions in India: 1947 - 73 ; a Concept's Project. 1978 ; Part A, Volume 16
691:
503:
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539:
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8:
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545:
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Since 1966/1967 the government has fixed the MSP for different types of jute and
220:
715:
196:
58:
484:
Implementation and
Administration of Agricultural Price Policy in Asia
208:
154:
695:
397:
263:
212:
361:
266:. They could not, however, change the minimum price set by JCI.
216:
624:"Bechimari mourns jute martyrs - Price hitch stays unresolved"
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204:
200:
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even though the JCI released what it could from its stocks.
166:
132:
25:
433:
502:
Chakraborty, Debojyoti; Sen, Saibal (13 November 2011).
694:. The Jute Corporation of India Limited. Archived from
558:
421:
409:
385:
298:
296:
577:
481:
Bhalla, G. S.; Randhawa, N. S.; Tyagi, D. S. (1989).
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692:"Welcome to The Jute Corporation of India Limited"
373:
349:
337:
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254:It took pressure from West Bengal Chief Minister
88:Cmde. Ajay Kumar Jolly (Retd.), Managing Director
713:
504:"West Bengal govt planning to bifurcate Burdwan"
445:
501:
439:
325:
171:Commission for Agricultural Cost & Prices
521:
391:
678:. Comptroller and Auditor General of India
671:Verma, Sunil; Rai, Vinod (February 2010).
24:
646:
463:
670:
588:. Department of Public Enterprises. 2010
427:
415:
604:The International Jute Commodity System
714:
560:"New CMD to Jute Corporation of India"
525:. Government of India. 7 December 2011
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302:
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19:The Jute Corporation of India Limited
732:Indian companies established in 1971
600:
379:
355:
343:
319:
737:Government-owned companies of India
690:
673:"Jute Corporation of India Limited"
621:
451:
331:
53:Patsan Bhavan, 3rd & 4th Floor
13:
752:1971 establishments in West Bengal
14:
763:
654:. 16 October 2011. Archived from
622:Roy, Dipanker (12 October 2011).
404:Bhalla, Randhawa & Tyagi 1989
151:central public sector undertaking
579:"Jute Corporation of India Ltd."
544:. Concept Publishing Company.
487:. Food & Agriculture Org.
1:
269:
185:
176:
7:
648:"Sales tax off on raw jute"
601:Roul, Chhabilendra (2009).
10:
768:
742:Companies based in Kolkata
727:Commodity markets in India
440:Chakraborty & Sen 2011
586:Public Enterprises Survey
368:Public Enterprises Survey
237:
147:Jute Corporation of India
127:
117:
103:
95:
79:
69:
48:
40:
32:
23:
607:. Northern Book Centre.
538:Kumar, Virendra (1994).
722:Jute industry of India
747:Ministry of Textiles
428:Verma & Rai 2010
416:Verma & Rai 2010
159:Ministry of Textiles
108:Ministry of Textiles
163:Government of India
119:Number of employees
112:Government of India
20:
658:on 25 October 2011
634:on 15 October 2011
508:The Times of India
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149:Limited (JCI) is
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698:on 12 April 2013
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614:978-8172112745
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221:Andhra Pradesh
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464:Sales tax off
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700:. Retrieved
696:the original
680:. Retrieved
660:. Retrieved
656:the original
651:
636:. Retrieved
632:the original
627:
603:
590:. Retrieved
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567:. Retrieved
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527:. Retrieved
511:. Retrieved
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243:future use.
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146:
144:
49:Headquarters
15:
197:West Bengal
71:Area served
59:West Bengal
716:Categories
551:8170224896
494:9251027986
303:Kumar 1994
288:Kumar 1994
270:References
186:Operations
177:Background
153:under the
81:Key people
57:, 700156,
36:Jute trade
564:The Hindu
380:Roul 2009
356:Roul 2009
344:Roul 2009
320:Roul 2009
275:Citations
260:Bechimari
209:Meghalaya
155:ownership
135:.jutecorp
452:Roy 2011
96:Products
55:New Town
33:Industry
474:Sources
332:Welcome
264:Dalgaon
213:Tripura
128:Website
41:Founded
611:
548:
491:
238:Issues
219:, and
217:Odisha
702:3 May
682:3 May
676:(PDF)
662:3 May
638:3 May
592:3 May
582:(PDF)
569:3 May
529:3 May
513:3 May
205:Assam
201:Bihar
192:mesta
104:Owner
75:India
64:India
704:2012
684:2012
664:2012
640:2012
609:ISBN
594:2012
571:2012
546:ISBN
531:2012
515:2012
489:ISBN
167:jute
145:The
99:Jute
44:1971
157:of
137:.in
133:www
123:374
718::
650:.
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310:^
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686:.
666:.
642:.
617:.
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370:.
334:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
