{"id":18233,"date":"2024-06-27T19:28:44","date_gmt":"2024-06-27T13:58:44","guid":{"rendered":"https:\/\/vglobenews.com\/?p=18233"},"modified":"2024-06-27T19:44:31","modified_gmt":"2024-06-27T14:14:31","slug":"telangana-extends-paddy-dues-recovery-deadline","status":"publish","type":"post","link":"https:\/\/vglobenews.com\/?p=18233","title":{"rendered":"“Telangana Extends Paddy Dues Recovery Deadline”"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Government Extends Recovery Period for Defaulting Millers<\/strong><\/h3>\n\n\n\n

Hyderabad, June 27, 2024<\/strong> \u2014 In a significant move aimed at ensuring the completion of remaining Custom Milled Rice (CMR) deliveries, the government has announced an extension of the recovery period for pending dues from defaulting millers. This extension applies to dues from the Yasangi (Rabi) seasons of 2019-20, 2020-21, Kharif Marketing Season (KMS) 2021-22, and Kharif 2022-23.<\/p>\n\n\n\n

The Vice Chairman and Managing Director (VC & MD) of the Telangana State Civil Supplies Corporation Limited (TGSCSCL), in coordination with District Managers and District Civil Supplies Officers (DCSOs), will oversee the recovery process. This coordinated effort is aimed at ensuring a systematic and efficient recovery of dues.<\/p>\n\n\n\n

Recoveries can be made either in cash or in rice (to the State pool), at 125% of the CMR rates set by the Government of India or the actual economic cost incurred by the State, whichever is higher. Additionally, these recoveries will incur an annual interest rate of 12%. The government has set a strict 90-day deadline for these recoveries, emphasizing that no further extensions will be granted beyond this period.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Additional Measures for Compliance:<\/strong><\/p>\n\n\n\n

    \n
  • The government has extended the recovery period for pending dues from defaulting millers for the Yasangi (Rabi) seasons of 2019-20, 2020-21, KMS 2021-22, and Kharif 2022-23.<\/li>\n\n\n\n
  • This extension aims to facilitate the completion of balance Custom Milled Rice (CMR) deliveries.<\/li>\n\n\n\n
  • The VC & MD, TGSCSCL, in coordination with District Managers and DCSOs, will manage the recovery process.<\/li>\n\n\n\n
  • Recoveries can be made in cash or rice (to the State pool), at 125% of the CMR rates set by the Government of India or the actual economic cost incurred by the State, whichever is higher, plus 12% annual interest.<\/li>\n\n\n\n
  • A strict 90-day deadline is set for these recoveries, with no further extensions allowed.<\/li>\n<\/ul>\n\n\n\n
      \n
    • The government has warned that criminal actions may be initiated against defaulting millers who fail to comply with the recovery process.<\/li>\n\n\n\n
    • Millers who default on their obligations may also face disqualification and be barred from participating in future CMR operations, thereby impacting their business prospects.<\/li>\n\n\n\n
    • Furthermore, the government retains the right to recover any losses or damages from defaulting millers and their sureties, ensuring that the financial interests of the state are protected.<\/li>\n<\/ul>\n\n\n\n
      \"\"<\/figure>\n\n\n\n

      Monitoring and Reporting:<\/strong>
      The recovery process will be closely monitored to ensure transparency and accountability. The Collector (Civil Supplies) will oversee the online recovery process and provide regular reports to the Civil Supplies Commissioner. This monitoring mechanism is designed to ensure that the recovery process is conducted efficiently and that any issues are promptly addressed.<\/p>\n\n\n\n

      The directive for this extended recovery period and the associated measures were issued by D.S. Chauhan, the Principal Secretary to the Government, in the name of the Governor of Telangana. The Principal Secretary has directed all relevant departments to take necessary actions in accordance with this order, underscoring the importance of compliance and the government\u2019s commitment to resolving the issue of pending dues.<\/p>\n\n\n\n

      This extension and the accompanying stringent measures reflect the government\u2019s determination to ensure the completion of CMR deliveries and to address the issue of pending dues from millers, thereby safeguarding the interests of the state and its agricultural economy.<\/p>\n\n\n\n

      <\/p>\n\n\n\n

      \"\"<\/figure>\n\n\n\n
      \"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

      Government Extends Recovery Period for Defaulting Millers Hyderabad, June 27, 2024 \u2014 In a significant move aimed at ensuring the completion of remaining Custom Milled Rice (CMR) deliveries, the government has announced an extension of the recovery period for pending dues from defaulting millers. This extension applies to dues from the Yasangi (Rabi) seasons of […]<\/p>\n","protected":false},"author":1,"featured_media":18227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,29],"tags":[1459],"class_list":["post-18233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agriculture","category-telangana","tag-telanganagovt-paddyprocurement-ricemillers-mspoperations-agriculturenews-farmersupdate-telangananews-agriculturepolicy-paddydues-custommilledrice"],"yoast_head":"\n"Telangana Extends Paddy Dues Recovery Deadline" - VGlobe News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vglobenews.com\/?p=18233\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\""Telangana Extends Paddy Dues Recovery Deadline" - VGlobe News\" \/>\n<meta property=\"og:description\" content=\"Government Extends Recovery Period for Defaulting Millers Hyderabad, June 27, 2024 \u2014 In a significant move aimed at ensuring the completion of remaining Custom Milled Rice (CMR) deliveries, the government has announced an extension of the recovery period for pending dues from defaulting millers. 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