Rapid Fire
Tea Board of India
- 18 Jun 2025
- 2 min read
The Tea Board of India has amended the pan-India auction rules under the Bharat Auction model, based on key recommendations of the Ramaseshan Committee, aiming to enhance price discovery and protect seller interests in the tea sector.
- Ramaseshan Committee report pertains to improving price discovery and market structure in the tea industry.
- Bharat Auction model is a pan-India electronic auction system introduced by the Tea Board of India in which bids are placed prior to the lots going live.
- About Tea Board of India:
- Establishment: It was established in 1953 and is headquartered in Kolkata. It has 17 offices across India.
- It also has overseas offices like in London, Moscow and Dubai.
- Statutory Body: It was set up under Section 4 of the Tea Act, 1953.
- Regulatory Authority: It regulates various entities including tea producers, manufacturers, exporters, tea brokers, auction organisers, and warehouse keepers.
- Functions: It conducts market surveys, analyses, identifies, tracks consumer behaviour, and provides relevant and accurate information to importers and exporters.
- Establishment: It was established in 1953 and is headquartered in Kolkata. It has 17 offices across India.
Key Agricultural Boards in India:
|
Board |
Constituted Under |
Headquarters |
|
Tea Board |
Tea Act, 1953 |
Kolkata |
|
Coffee Board |
Coffee Act, 1942 |
Bangalore |
|
Rubber Board |
Rubber Act, 1947 |
Kottayam, Kerala |
|
Spices Board |
Spices Board Act, 1986 |
Kochi, Kerala |
|
Tobacco Board |
Tobacco Board Act, 1975 |
Guntur, Andhra Pradesh |
|
National Turmeric Board |
Not a statutory body |
Nizamabad, Telangana |
|
Makhana Board |
- |
Bihar (Proposed) |
| Read More: Need of Reforms in Tea Industry |
