India cuts 2020-21 sugar export subsidy by 31.4%: Government order
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Last Updated: May 20, 2021, 08:00 PM IST
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India on Thursday cut sugar export subsidies by 31.4% for the current season which ends on Sept. 30, according to a government order issued by the Ministry Of Consumer Affairs, Food And Public Distribution.
Agencies
India on Thursday cut sugar export subsidies by 31.4% for the current season which ends on Sept. 30, according to a government order issued by the Ministry Of Consumer Affairs, Food And Public Distribution. Late last year, India, the world s biggest sugar producer behind Brazil, approved subsidies of 5,833 Indian rupees per tonne to encourage cash-strapped mills to export 6 million tonnes of sugar in the current 2020/21 season. The government subsidies for sugar exports now stands at 4,000 rupees a tonne, said the Ministry Of Consumer Affairs, Food And Public Distribution, without giving any reason for its decision.
Centre cuts sugar export subsidies by 31.4% for current season
Late last year, India, the world s biggest sugar producer behind Brazil, approved subsidies of 5,833 Indian rupees per tonne to encourage cash-strapped mills to export 6 million tonnes of sugar in the current 2020/21 season
PTI | May 20, 2021 | Updated 20:35 IST
The government subsidies for sugar exports now stands at 4,000 rupees a tonne
India on Thursday cut sugar export subsidies by 31.4% for the current season which ends on Sept. 30, according to a government order issued by the Ministry Of Consumer Affairs, Food And Public Distribution.
Late last year, India, the world s biggest sugar producer behind Brazil, approved subsidies of 5,833 Indian rupees per tonne to encourage cash-strapped mills to export 6 million tonnes of sugar in the current 2020/21 season. The government subsidies for sugar exports now stands at 4,000 rupees a tonne, said the Ministry Of Consumer Affairs, Food And Public Distribution, without
States take measures to revive 202 sick sugar mills across the country
The measures include PPPs and collaborations
The State governments are taking various steps, including private, public partnerships and collaborations to revive non-operational sugar mills.
Recently, the Ministry of Consumer Affairs, Food and Public Distribution told the Lok Sabha that there are 202 non-operational sugar mills across the States while 493 mills are operational.
“In the case of private sector sugar mills, it is the responsibility of the entrepreneurs to take necessary steps to operationalise their closed sugar mills, and in case of co-operative/public sector sugar mills, the responsibility lies with the co-operative societies/respective state governments” the Ministry stated.
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According to an official release by the Ministry of Consumer Affairs, Food and Public Distribution, paddy procurement is going smoothly in several states and Union Territories (UTs) including Punjab, Haryana, Uttar Pradesh, Telangana, Uttarakhand, Tamil Nadu, Jammu and Kashmir, Maharashtra with a purchase of over 651.07 lakh metric tonnes (LMTs) till February 19.
Out of these, Punjab has contributed 202.82 LMT which contributes to 31.15 per cent of total procurement
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