Friday, 25 December 2020

The Jio Atta/Wheat Story Is A Needless Controversy

ABP News claims otherwise. They have tracked the viral posts concerning Jio Wheat/Atta being bought by Reliance-Jio at low prices and sold at high and they say the photographs used in this post/s have been edited.  

https://www.abplive.com/viral-sach/fact-check-jio-is-buying-wheat-for-rs-17-a-kg-and-selling-it-for-rs-50-a-kg-know-what-is-the-truth-1693085

Whatever the case may be, it is by now clear to all, that the Ambani's Reliance and Adani have invested huge funds in their new found vocation of farming along with several others - all suited and booted. 

 The new Farm Bills, also brings dairy farming into it's ambit. Income from processing and sale of milk and milk products will now be tax free. 

Which means all new farmers making yoghurt, Cheese,butter, paneer, lassi, buttermilk and all other products, including milk will have their earnings from these products, exempted from tax. They may even enjoy subsidies, concessions and grants as and when required and sanctioned by the""user" friendly government from time to time.  

Reliance's Ambani's and the Adanis are Frontline investors in this new agri-farming business  Their role in the  new farming scenario as envisaged in the three Farm Ordinances is undoubtedly pivotal. Therefore, to my mind, although strongly condemnable, this controversy on the alleged fake post/s is inconsequential.

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