House ratifies bicam report on proposed amendments to RTL | ABS-CBN
ADVERTISEMENT
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
Business
House ratifies bicam report on proposed amendments to RTL
House ratifies bicam report on proposed amendments to RTL
Vivienne Gulla,
ABS-CBN News
Published Sep 26, 2024 01:18 AM PHT
MANILA -- The House of Representatives ratified on Wednesday the bicameral conference committee report on the proposed amendments to the Rice Tariffication Law.
MANILA -- The House of Representatives ratified on Wednesday the bicameral conference committee report on the proposed amendments to the Rice Tariffication Law.
The measure proposed to allow the selling of NFA rice buffer stock to the public through Kadiwa outlets during food security emergency situations to help stabilize rice prices.
The measure proposed to allow the selling of NFA rice buffer stock to the public through Kadiwa outlets during food security emergency situations to help stabilize rice prices.
It also proposes to increase the annual appropriation for the Rice Competitiveness Enhancement Fund to P30 billion from the current P10 billion.
It also proposes to increase the annual appropriation for the Rice Competitiveness Enhancement Fund to P30 billion from the current P10 billion.
"The allocation and disbursement of the P30 Billion RCEF was amended, as follows:
"The allocation and disbursement of the P30 Billion RCEF was amended, as follows:
ADVERTISEMENT
(a) Rice Farm Machineries and Equipment - P9 Billion;
(a) Rice Farm Machineries and Equipment - P9 Billion;
(b) Rice Seed Development, Propagation, and Promotion - P6 Billion; and
(b) Rice Seed Development, Propagation, and Promotion - P6 Billion; and
(c) Programs, activities, and projects that will most effectively promote farmers' productivity, supply resiliency, and address food security emergency situations on rice due to supply shortage or extraordinary increase in rice prices - P15 Billion," the bill said.
(c) Programs, activities, and projects that will most effectively promote farmers' productivity, supply resiliency, and address food security emergency situations on rice due to supply shortage or extraordinary increase in rice prices - P15 Billion," the bill said.
It will be transmitted to the Office of the President for his consideration and signature.
It will be transmitted to the Office of the President for his consideration and signature.
ADVERTISEMENT
ADVERTISEMENT