Sugar Development Fund News Today

IFCI is the project management agency for various production-linked incentive (PLI) schemes launched by the Union government. It is also the verifying and monitoring agency for various capital subsidy schemes such as that for promoting faster adoption of electric vehicles

Failure to conform to the directive risks a Ksh10 million fine, a ten-year jail term or both.

The National Federation of Cooperative Sugar Factories (NFCSF) secured a win for sugar mills across India.

Tina Jain Mehta, director of Pineapple Consulting, suggests that the new owners can focus on building products in the branded communities segment. This can help the company withstand commodity price fluctuations and gain market recognition.

The proposed law in its original form had sought to put zoning of sugarcane farming under five distinct regions.

The Supreme Court had stayed a liquidation order of the sugar maker given by the National COmpany Law Tribunal (NCLT). The National Company Law Appellate Tribunal, too, had upheld the NCLT order. Lenders did not receive any counteroffer for the ₹222.5 crore binding offer by NARCL, which triggered a Swiss challenge auction held on September 18.

Private asset reconstruction companies (ARCs) in India are now on an equal footing with the government-owned bad bank NARCL. This comes after private ARCs sought clarification on how to compute the net present value (NPV) based on the initial bid of ₹235.9 crore in the Dharani Sugars case. Banks responded by stating that the comparison value remains ₹235.9 crore, regardless of the payment structure. This allows private ARCs to value their bid at ₹235.9 crore on an all-cash basis or ₹331 ...

Private asset reconstruction companies (ARCs) in India are now on an equal footing with the government-owned bad bank NARCL. This comes after private ARCs sought clarification on how to compute the net present value (NPV) based on the initial bid of ₹235.9 crore in the Dharani Sugars case. Banks responded by stating that the comparison value remains ₹235.9 crore, regardless of the payment structure. This allows private ARCs to value their bid at ₹235.9 crore on an all-cash basis or ₹331 ...

Production of ethanol has increased from 173 crore litres in ESY 2019-20 to 302 crore litres during ESY 2020-21 (October 2020 to Sept 2021), government data showed."Therefore, ethanol blending has increased by 62 per cent, It was 8.1 per ...

With an aim to clear the outstanding amount of default of loans of Rs 3,068.31 crore under Sugar Development Fund (SDF) Act, 1982 and to revive financially weaker but economically viable sugar mills, the Centre has come up with a set of ...