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

Indian jute mills will earn an 8.19 per cent return on capital for supplying jute bags under the new pricing framework. This benefits mills, workers, and farmers, with prices rising 4-8 per cent. The new framework, applied from September 2016, encourages mills to modernize and innovate, aiming to increase the value of finished jute goods.