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Container shortage slows Indian sugar exports, fuels price rally | Hellenic Shipping News Worldwide
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sugar: Container shortage slows Indian sugar exports, fuels price rally
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Jaiprakash R Dandegaonkar takes over as new President of NFCSF
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Govt boost for sugar mills: Rs 5,361 cr dues cleared, new subsidy worth Rs 3,500 cr
Govt boost for sugar mills: Rs 5,361 cr dues cleared, new subsidy worth Rs 3,500 cr
“Today’s decision will provide much-needed relief and liquidity to the industry,” said Prakash Naiknaware, managing director of the National Federation of Cooperative Sugar Factories Ltd. December 17, 2020 5:51:37 am
The Cabinet Committee on Economic Affairs, which met on Wednesday, also approved an incentive for export of up to 60 lakh tonnes (lt) of sugar for the 2020-21 season.
Just a month after announcing a Rs 65,000-crore booster for the fertiliser industry, clearing all pending subsidy bills, the Centre on Wednesday unveiled a similar package for the sugar sector. Mills will receive Rs 5,361 crore as payments that were due to them as incentive for exporting sugar during the last 2019-20 season (October September).