Revised Open Market Sale Scheme (Domestic) Policy For 2024-25 | Current Affairs | Vision IAS
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    News In Shorts

    Posted 22 Feb 2025

    Updated 26 Feb 2025

    8 min read

    Revised Open Market Sale Scheme (Domestic) Policy For 2024-25

    The revised policy announced by Ministry of Consumer Affairs, Food & Public Distribution aims to enhance food security & bolstering ethanol production.

    • It set Rice Reserve Price (₹2,250 per quintal) for sale to State Governments, Corporations, & Community Kitchens, without e-auctions.
    • The policy set reserve prices at ₹2,250 per quintal (slashed by ₹550) of rice to ethanol distilleries to aid ethanol production.

    What is Open Market Sale Scheme (Domestic)?

    • About: Under this scheme, Food Corporation of India (FCI) sells surplus food grains (wheat & rice) from the central pool in open market via e-auction at pre-determined prices.
    • Aim: To control market prices and curbs inflation.
    • Eligibility: Processors / Atta Chakki / Flour Millers of Wheat Products. (Traders / Bulk Buyers are not allowed through e-auction. 
      • Usually, states are also allowed to procure food grains without participating in auctions.
    • Tags :
    • food security
    • Open Market Sale Scheme

    Project Vistaar

    IIT Madras has partnered with the Ministry of Agriculture and Farmers Welfare on Project VISTAAR (Virtually Integrated System to Access Agricultural Resources)

    About VISTAAR

    • It is a "Network" of Networks (Al-augmented) and every State can build their own Agri-Advisory network.
    • It is a comprehensive network that connects decentralized databases to provide seamless access to vital agricultural resources. 
    • Objective: Enhance decision-making and resource utilization
    • Significance
      • Expand access to high-quality advisory services on crop production, marketing, value addition, and supply chain management.
      • Provide farmers with information on relevant government schemes. 
    • Tags :
    • Project VISTAAR
    • agriculture resources

    Logistics Ease Across Different States (LEADS) 2024’ Report Released

    LEADS 2024 is has been released by the Ministry of Commerce and Industry.

    About LEADS

    • Objective: Provides insights into improvement of logistics performance at State/UT level.
      • LEADS was conceived on the lines of Logistics Performance Index (LPI) of World Bank in 2018.
        • While the LPI relies entirely on perception-based surveys, LEADS incorporates both perception as well as objectivity.
    • Parameters: Evaluates logistics performance across four key pillars (refer to infographic). 
    • Categories of State/UTs: They are categorised into four groups Coastal, Landlocked, Northeast and Union Territories.
      • And further they are given tags of Achievers, Fast movers, and Aspirers on the basis of their performance. 
    • Performance Highlights of 2024 
      • Achievers: Gujarat, Haryana, Assam, Chandigarh, etc. 
      • Fast movers: Andhra Pradesh, Bihar, Himachal Pradesh etc. 
      • Aspirers: Kerala, West Bengal, Manipur, Chhattisgarh, etc.

    LEAD framework

    Ministry also urged logistics sector to adopt LEAD framework – Longevity, Efficiency and Effectiveness, Accessibility and Accountability and Digitalisation of processes to transform the logistics sector. 

    • And also suggested following measures 
      • Promotion of green logistics and sustainable transport initiatives.
      • Encouraging public-private partnerships (PPPs) to enhance multi-modal logistics hubs.
      • Develop regional and city-level logistics plans as well for last-mile connectivity. 
      • Promote gender inclusivity

     

    • Tags :
    • LEADS

    Entity Locker

    The National eGovernance Division, under Ministry of Electronics and Information Technology, has developed Entity Locker.

    About Entity Locker

    • It is a secure, cloud-based solution that simplifies  storage, sharing, and verification of documents for large organisations, corporations, micro, small, and medium Enterprises,etc.
      • It is a critical component of India’s Digital Public Infrastructure.
    • Entity Locker offer:
      • Real-time access and verification of documents through integration with government databases
      • Consent-based mechanisms for secure sharing of sensitive information
      • Aadhaar-authenticated role-based access management to ensure accountability.
      • 10 GB of encrypted cloud storage and Legally valid digital signatures for authenticating documents. 
    • Tags :
    • Entity Locker

    Z Morh Tunnel (Sonamarg Tunnel)

    Prime Minister has inaugurated Z-Morh tunnel in Ganderbal’s Sonamarg area in J&K.

    About Z Morh Tunnel

    • Initially started by BRO in 2015 and evolved with National Highways and Infrastructure Development Corporation Limited.
      • APCO Infratech firm has been instrumental in executing the project.
    • Situated at an altitude of 8,650 feet, it is a two-lane road tunnel equipped with parallel 7.5-metre-wide escape passage.
    • Spanning 12 km that includes main 6.4 km main tunnel, an egress tunnel, and approach roads.
    • Significance
      • Enhance all-weather connectivity between Srinagar and Sonamarg enroute to Leh.
      • Ensure safe and uninterrupted access to Ladakh region
    • Promote tourism by transforming Sonamarg, boosting winter tourism, adventure sports, and local livelihoods.
    • Tags :
    • Z-Morh Tunnel

    Banihal Bypass

    The Banihal bypass has been completed. 

    About Banihal Pass

    • The pass is 2.35 km road section of NH-44 in Jammu and Kashmir,
      • NH44, also known as the Old NH 7, is the longest national highway in India
      • It stretches 3,745 kilometers, connecting Srinagar in the northern tip of Jammu and Kashmir to Kanyakumari at the southernmost point of India.
    • The bypass is particularly important for security forces, enabling rapid movement, and will also reduce the travel time between Kharpora, Banihal, and the Navyuga Tunnel to just seven minutes.
    • Tags :
    • Banihal Bypass

    Anji Khad Bridge

    The Indian Railways has unveiled a monumental engineering achievement with the completion of the Anji Khad Bridge, India’s first cable-stayed rail bridge.

    Anji Khad Bridge: Key Details

    • Location: Reasi district, Jammu and Kashmir, part of the Udhampur-Srinagar-Baramulla Rail Link (USBRL) Project.
    • Dimensions:
      • Length: 725.5 meters
      • Height: 331 meters above the Anji River (a tributary of the Chenab).
    • Significance:
      • Enhances connectivity between Katra and the Kashmir Valley.
      • Expected to boost tourism and foster economic growth in Jammu and Kashmir.
    • Tags :
    • Anji Khad Bridge
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