Pay Rs 1,788 cr penalty amount to rubber producers: farmers’ group to PM

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Pay Rs 1,788 cr penalty amount to rubber producers: farmers' group to PM



The All India Kisan Sabha, a farmers’ group aligned with Left parties, on Thursday demanded Prime Minister Narendra Modi provide Rs 1,788 crore, equal to the penalty amount imposed by regulator CCI on tyre corporates, as grant to rubber farmers to set up a tyre manufacturing unit.The Competition Commission of India (CCI) had imposed a penalty of Rs 622.09 crore on MRF, Rs 425.53 crore on Apollo Tyres, Rs 252.16 crore on CEAT Ltd, Rs 309.95 crore on JK Tyre and Rs 178.33 crore on Birla Tyres and the Automotive Tyre Manufacturers Association (ATMA), after it, in August 2018, having held them guilty of contravention of the provisions of Section 3 of the Competition Act, which prohibits anti-competitive agreements including cartels, during 2011-12. The tyre manufacturers had approached the Supreme Court, which dismissed their petition recently.



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