Economy, asked by agarwalbhumi, 2 months ago

The government has made it mandatory people to use jute bags . Thus increasing mational demand . But has it affected the producers negatively , by decreasing the global demand?​

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Answered by tanvig587
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Answer:

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Explanation:

The government has made it mandatory people to use jute bags . Thus increasing mational demand . But has it affected the producers negatively , by decreasing the global demand?The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi here.

The CCEA approved that 100 per cent of the food grains and 20 per cent of the sugar shall be mandatorily packed in diversified jute bags," an official statement said.

The move, which expanded the scope of Jute Packaging Material (JPM) Act, 1987, retained an earlier decision that 20 per cent of the sugar shall be mandatorily packed in diversified jute bags.Earlier, it was compulsory to pack 90 per cent of the food grains and 20 per cent of the sugar in jute bags.

"Initially, 10 per cent of the indents of jute bags for packing food grains would be placed through reverse auction on the GeM (Government e-Marketplace) portal. This will gradually usher in a regime of price discovery," it said.

Answered by dlochandlochan63
0

Answer:

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