Sugar in India s Key Growing Areas Under Threat From Poor Rain bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Sugar crops in some of India’s major growing regions are in desperate need of rain as drier conditions threaten the production outlook, which may place more pressure on containing rising food costs.
The ED has issued notices to the four banks, including Pune District Central Co-op Bank Ltd, where Pawar was a director
MUMBAI: Loans amounting to Rs 750 crore given by four cooperative banks to a sugar mill taken on lease by a company linked to deputy chief minister Ajit Pawar and his wife, Sunetra, have come under the scanner of the Enforcement Directorate during its investigation into a money laundering case.
The ED has issued notices to the four banks, including Pune District Central Co-op Bank Ltd, where Pawar was a director. The ED is investigating the Rs 750 crore loan granted by the banks to Jarandeshwar Sahakari Sugar Karkhana (Jarandeshwar SSK).