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Govt orders sugar price recontrol in India; Wholesale rate Rs 29 per kg
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Saturday, June 23, 2018
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Ashwani Maindola, New Delhi
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The Union Government has issued an order to recontrol the sugar prices in India. Called the Sugar Price Control Order 2018, the government has fixed the wholesale rate of sugar at Rs 29 per kg, and has barred producers of sugar from selling it below the fixed rates.
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Centre gives nod to bailout package worth Rs 7,000 cr for sugar sector
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Thursday, June 7, 2018
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Ashwani Maindola, New Delhi
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The union government on Wednesday approved a bailout package for the sugar sector. Worth Rs 7,000 crore, the package was approved by the Union Cabinet in a meeting chaired by prime minister Narendra Modi in order to improve the problem of liquidity of sugar mills resulting in the accumulation of huge cane price arrears of farmers, which has risen to Rs 22,000 crore in recent times.
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