Tea Board proposes auction overhaul, trading fee cut to 7.5 paise per kg
Guwahati, Oct. 12 -- Tea Board India is pushing for a more transparent and cost-efficient tea auction system, with a next-generation online platform and a proposed reduction in transaction charges from 12 paise to 7.5 paise per kg of tea sold.
The reforms were discussed at a seminar on pan-India e-auction reforms held on October 5 at the CTTA Auction Hall, Nilhat House, Kolkata, under the Union government's 'Reform Utsav' initiative.
The seminar brought together industry representatives, including Tea Board India Deputy Chairman C. Murugan and Sreelata Jonnalagedda of IIM Bangalore.
Introduced in 2016, the pan-India e-auction system allows buyers registered at one auction centre to participate in sales at other centres through a common...
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