New Delhi: The Food Ministry has notified the the Cabinet Committee on Economic Affairs (CCEA) decision to partially decontrol the sugar sector. The Food Ministry has issued a gazette notification withdrawing the control over sugar industry through Essential Commodities Act and Sugar Control Order, sources said.
On April 4, 2013, the CCEA had decided to decontrol the sugar sector by giving freedom to mills to sell sugar in the open market and removing their obligation to supply the sweetener at subsidised rates for ration shops. As per the CCEA decision, regulated release mechanism, under which sugar quantity for open market sale is fixed by the government, will be abolished with immediate effect. Besides, mills will be freed from mandatory supply of 10 per cent of their production to the government at cheaper rate to meet ration shop demand.
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02:08 AM, May 08, 2013
New Delhi: In what could be seen as a significant concession to the powerful sugar lobby, the government on Thursday cleared the decontrol of the product. The move will likely raise the sugar prices as decontrol means that the manufacturers of the product will now get to decide on the prices without government intervention. The move will also mean increased expenditure for the government as it provides sugar to the...
08:09 PM, Apr 04, 2013
The government had no alternative but to decontrol the diesel prices as the country can "ill-afford" the economic crisis several European nations are going through, Congress leader Digvijay Singh said on Saturday. "In the wake of burgeoning oil subsidy, the government was forced to go in for the measure as the country could ill-afford an economic crisis, which was witnessed by the US and several European countries," the Congress general...
10:26 PM, Jan 19, 2013
The government on Thursday took the first step towards diesel decontrol and allowed the oil companies to raise prices from time to time, but kept the mechanism to be followed unclear. ...
04:42 PM, Jan 17, 2013
Chennai: Observing that the country's rising fiscal deficit was due to import of oil products, industry body FICCI on Sunday mooted the idea of decontrolling diesel prices or the government consider imposing higher duty on imported diesel cars. "Government should now think of decontrolling the price of diesel...", FICCI President Rajya Vardhan Kanoria said. Kanoria, who will chair the FICCI's National Executive Committee meeting in Chennai on Monday, told reporters...
10:34 PM, Jul 08, 2012
