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
Saharanpur: BJP president Rajnath Singh on Friday hit out the SP and BSP for extending support to the UPA government saying the two political parties have cheated the people by backing Congress and its allies at the Centre. "Despite their differences with the Congress, both SP and BSP have cheated people by supporting the UPA government," he said in public rally in Saharanpur. "The UPA government does not have the...
02:55 AM, Apr 13, 2013
Mumbai: Shares of sugar producers, including Shree Renuka Sugars Ltd, surged on Friday after the government took steps to remove curbs on domestic sugar supplies. India will no longer force mills to sell sugar to the government at a discount and will not limit the amount they can sell in the open market, Food Minister KV Thomas said on Thursday. Shree Renuka shares jumped 6.8 per cent as of 9:25...
12:08 PM, Apr 05, 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
Food policy analyst Devinder Sharma joined IBNLive readers for an interaction on the intensity of the Maharashtra drought, its causes, possible interventions and more. ...
06:14 PM, Apr 02, 2013
India may avoid a drought for a fourth straight year as the El Nino weather system looks unlikely to impact monsoon rains, a leading forecaster said on Thursday, promising yet another bumper grains output in the Asia's third-biggest economy. El Nino was a factor in India's last severe drought in 2009 when the country had to import sugar, pushing global prices to 30-year highs. ...
08:09 PM, Mar 07, 2013
'Searching for Sugar Man' tells the story of an American folk singer Sixto Díaz Rodríguez. ...
12:16 PM, Feb 25, 2013
The Income Tax department on Saturday issued summons to BJP chief Nitin Gadkari in connection with alleged tax evasion. The summons were for Gadkari and some associated companies. Top sources in the department said Gadkari has been asked for his personal appearance so that he can be confronted with the documents and probe conducted by the I-T in this regard in the last few months. ...
09:59 PM, Jan 12, 2013
BJP president Nitin Gadkari finds himself in more trouble after a Times of India report on Sunday carried details mentioning that his wife and two sons held shares in three Purti Group's shareholding companies. The report added that there were at least six instances which directly linked the BJP chief to the holding companies through his wife Kanchan, sons Nikhil and Sarang, nephew Sandip Bhurchandi, Vice-Chairman of Purti Power and...
09:20 AM, Nov 25, 2012
Sangli/Kolhapur: Protests by the sugarcane farmers in Maharashtra, who are demanding better price for their produce, intensified on Wednesday with farmers damaging police vehicles and state transport buses in Kolhapur. Additional companies of the State Reserve Police Force have been sent to Sangli, Kolhapur and Satara districts. When policemen tried to lathicharge the mob, stones were pelted at them. In Sangli, police were forced to resort to firing in the...
07:31 AM, Nov 15, 2012
Mumbai: The sugarcane farmers are agitating across several districts in Maharashtra for higher prices for their produce, against sugar co-operatives. And politics, as ever, is part of the mix. During the protests, a police van was torched in Karvir Kolhapur as the protests in western Maharashtra intensified, and some irate framers also pelted stones. Several policemen abandoned their vehicles and ran from the spot. Meanwhile, state transport buses, several of...
09:10 PM, Nov 14, 2012
Mumbai: The agitation by farmers has taken an ugly turn in Kolhapur in Maharashtra. A police vehicle has been torched in the Karvir area. Policemen who were in the vehicle escaped as stones were pelted at them. State Transport buses, which had started plying on Wednesday morning, stood suspended. Additional companies of the State Reserve Police Force have been rushed in. Sporadic road blockades are being reported from Sangli, Satara...
12:30 PM, Nov 14, 2012
Pune: Yerawada jail authorities on Tuesday said they had not received any request from activist Arvind Kejriwal to meet farmers' leader Raju Shetty at the prison. "Daily we get many requests from relatives of jail inmates (to meet them) but we have not received any such application from Arvind Kejriwal for allowing him to meet Raju Shetty," Yerwada Jail Superintendent Yogesh Desai said while adding Wednesday was holiday for the...
08:16 PM, Nov 13, 2012
Mumbai: A day after two farmers died and buses were torched following violence in the sugarcane belt of Maharashtra, a political slanging match is on. Anti-corruption campaigner Anna Hazare on Tuesday hit out at Agriculture Minister Sharad Pawar, blaming him for provoking violence over the minimum support price for sugarcane in Sangli, Kolhapur and Satara districts. "It is because of Sharad Pawar's comments that the violence erupted. what has he...
07:46 PM, Nov 13, 2012
Mumbai: Condemning the firing incident in which a farmer was killed in Sangli district, the Shiv Sena on Tuesday flayed NCP president Sharad Pawar over his remarks about a prominent farmers' leader in Maharashtra. Senior Sena leader Diwakar Raote said, "Farmers anywhere do not have caste." Pawar's remarks are "a ploy to split the farmers' agitation," he alleged. Raote's comments came in the wake of Pawar's remarks in Baramati on...
06:44 PM, Nov 13, 2012
Sangli in Maharashtra remains tense, a day after two sugarcane farmers were killed in clashes with the police. They were part of a group of farmers led by MP Raju Shetty, who were demanding the government's intervention to increase the minimum support price of sugarcane. Backing the farmers now are activists Anna Hazare and Arvind Kejriwal. Kejriwal will be meeting Shetty on Wednesday at Pune's Yerawada prison. ...
05:46 PM, Nov 13, 2012
Sangli in Maharashtra remains tense, a day after two sugarcane farmers were killed in clashes with police. ...
01:30 PM, Nov 13, 2012
Mumbai: Sangli in Maharashtra remains tense a day after two sugarcane farmer died. One died in police firing while the other was run over by a truck. Farmers are protesting against refusal of cooperative sugar factories in Sangli, Satara and Kolhapur districts of western Maharashtra to give Rs 3,000 per ton as first advance on sugarcane purchase this season. Factories have agreed to pay Rs 2,300 per ton. The victim...
09:12 AM, Nov 13, 2012
New Delhi: Former Army Chief Gen VK Singh on Friday took his protest against the central government a step further when he indicated he may join a canegrowers' planned gherao of Parliament on December four. Appearing on a new platform to back Rashtriya Kisan Mazdoor Sangathan's (RKMS) demand for rejection of Rangarajan Committee report on freeing the sugar sector, he said the committee's recommendation on doing away with State Advisory...
05:20 PM, Nov 02, 2012
New Delhi: The Corporate Affairs Ministry has found prima facie proof of irregularities by Bharatiya Janata Party President Nitin Gadkari's Purti group, according to sources. Sources say the returns filed by the Purti group and other investor companies indicate irregularities in their business transactions. The Mumbai Registrar of Companies is probing the 15 companies which have links with Gadkari. Sources also say that the money trail leads to Kolkata and...
02:30 PM, Oct 26, 2012
