Govt fixes 8.19% 'return on capital' for jute bag supplies for packaging

Q: How long will it take to read this news story?

The story "Govt fixes 8.19% &#039;return on capital&#039; for jute bag supplies for packaging" has 489 words across 18 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Govt fixes 8.19% &#039;return on capital&#039; for jute bag supplies for packaging" was covered 1 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 317 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24912899</li><li>URL: https://beamstart.com/news/govt-fixes-819-return-on-17361519651361</li></ul>

Business Standard Logo Business Standard 1d ago

Govt fixes 8.19% 'return on capital' for jute bag supplies for packaging - Business Standard

Quick Summary:

Indian jute mills will earn an 8.19-per cent "return on capital" for supplying jute bags for foodgrain packaging under the newly approved pricing framework by the Ministry of Textiles, a senior official said.

According to the Indian Jute Mills Association, the new pricing formula will result in only a 4-5 per cent increase in the price of gunny sack supplies.

In contrast, the Office of the Jute Commissioner estimates the pricing benefit to be between 6 per cent and 8 per cent, considering various other modifications made in the new pricing policy following the Tariff Commission recommendations.