Top Headlines
  • Odisha to promote Assam tea campaign launched in Cuttack

    By Mar 02, 2020 2:58 PM

    GUWAHATI: The Assam tea campaign in Odisha has received a boost with MP Anubhav Mohanty promising to promote Assam tea in his State. “I would like to promote this campaign and its underlying message on my social media pages too. Yoga and tea in the morning is the perfect combination for staying healthy. Celebrate life with India tea and yoga,” Mohanty said, while flagging off the campaign in Cuttack on Saturday. The campaign has been launched by the Tea Board of India in association with the Guwahati Tea Auction Buyers’ Association (GTAC). The GTAC is collaborating for a tea promotion campaign in the country for the first time.

  • Sharp fall in tea prices in January

    By Feb 29, 2020 1:06 PM

    The year 2020 began on a dampening note for the Indian tea sector, with prices falling by ?8.34 a kg, or 6.46 per cent, in January over January 2019, according to the data with Tea Board and information from auction centres.

  • Agriculture income tax: Tea industry calls for a five-year exemption

    By Feb 29, 2020 12:49 PM

    GUWAHATI: Ahead of the State Budget for the year 2020-21 to be tabled in the Assembly on March 6, the tea industry has approached Dispur seeking exemption from paying agricultural income tax for the next three to five years. In their pre-Budget memoranda to the State Finance Department, various tea associations said that the agricultural income constitutes 60 per cent of the total income, on which tax is being levied at 30 per cent. “Given the cost pressures faced by the industry, it is submitted that exemption from payment of agricultural income tax be granted to the tea sector for a period of three to five years in line with similar exemptions granted by other State governments,” a memorandum said.

  • Assam tea industry appeals for relief from agricultural income tax

    By Feb 27, 2020 12:18 PM

    he Assam tea industry has asked the state government to exempt it from paying agricultural income tax for three years. Different tea associations in pre-budget memorandums said agricultural income constitutes 60 per cent of the total income, on which tax is levied at 30 per cent. “Given the cost pressures faced by the industry, it is submitted that exemption from payment of agricultural income tax be granted to the tea sector for a period of three to five years in line with similar exemptions granted by other state governments,” a memorandum said. The tea industry is in a tight spot over increasing cost of production but has not been able to get remunerative costs at the auctions. “Prices at the auctions have remained static for the last five years or so and coupled with increasing cost of inputs, price realisation is not commensurate with the cost of production,” an industry official said. Teas at Guwahati auctions are fetching as low as Rs 50-60 per kg at present. The supply mismatch is also one of the reasons for low realisation of price at farm-gate level and the worry is surviving such huge production.

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Spot Prices
Cotton: Maharashtra (27/May 05:00 PM)

AGD (BB/29M) 32,400 0 0.00 %
Akola (Fardar/25/27M) 0 0 100.00 %
NGP (MECH-1/28M) 0 0 100.00 %
NGP (MECH-1/29M) 33,200 100 0.30 %
Yarn: Punjab (27/May 05:36 PM)

Ludhiana(20S Comb(Wrap)) 165 0 0.00 %
Future Prices (27/May 04:54 PM)
ICE Cotton No.2 (USC/LB)
Jul 31, 2020 58.52 0.17 0.29 %
Dec 31, 2020 58.26 -0.09 -0.15 %
Mar 01, 2021 59.15 0.02 0.03 %
ZCE (Yuan/Ton)
May 31, 2020 0.00 0.00 100.00 %
Jul 31, 2020 11,330.00 25.00 0.22 %
Sep 30, 2020 11,605.00 30.00 0.26 %
Exchange Rates (27/May 05:11 PM)
1 US $ = Rs 75.71
0.06 0.08%
1 UK £ = Rs 93.28
-0.07 -0.07%
1 Eur € = Rs 83.45
0.43 0.52%
100 ¥en = Rs 70.23
-0.14 -0.20%
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