Decrease subsidies in oil sector mainly for Trucks and Buses and give a boost to support for farmers. This can change the political scenario but most of all farmers are looking at government with so much hope. International power play can still wait for some time. Their purpose to make food a business and support their farmers only like a manufacturer is giving benefit to his dealers only. America is not fare in whole picture
Varun – We need to set out a roadmap for fiscal consolidation for which controlling subsidies remains critical.
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Atop Toronto’s historic Fairmont Royal York Hotel, for example, executive chef Collin Thornton cuts herbs and produce that he uses in dishes served to hotel guests.
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In 1986, with countless millions at stake, four executives from the Monsanto Company paid a White House visit to a then-Vice President named George H.W. Bush with the goal of gaining an important ally in Washington.
PM Narendra Modi Convenes Meeting to Discuss Sugar Sector Crisis.<a data-pin-do=”embedBoard” href=”http://gb.pinterest.com/pinterest/official-news/”>Follow Pinterest’s board Official news on Pinterest.</a>
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NEW DELHI: Prime Minister Narendra Modi has convened a meeting to discuss long-term measures to address the concerns of cash-starved sugar mills and expedite payment of cane arrears of over Rs. 14,000 crore to farmers.
Finance minister Arun Jaitley, Food minister Ram Vilas Paswan, Agriculture minister Radha Mohan Singh and Commerce minister Nirmala Sitharaman will be part of the meeting.
The food ministry has proposed various short and long term measures to overcome the crisis that includes mandatory higher exports, increased ethanol blending with petrol and expansion of co-generation power capacity.
“The PM’s meeting on sugar is scheduled for today. The food minister will make presentation on the sugar sector,” sources said.
In order to address the crisis faced by the industry, the food ministry is believed to have proposed allowing compulsory export of upto four million tonnes of sugar till prices stabilise to a certain level, sources said.
The losses, incurred by sugar mills in exports if any, would be borne by the government by raising the sugar cess from the existing level of 24 paise per kg, they added.
As part of a long term solution, the ministry has proposed increased compulsory ethanol blending with petrol to six per cent from the current five per cent and eventually achieve 10 per cent blending over the next five years.
It has also proposed continuing all existing schemes that promote use of molasses for ethanol production, besides suggesting to increase the capacity of power co-generation.
The sugar industry — which owes about Rs. 14,398 crore to cane farmers — is unable to make the payment as it is facing a severe Follow Pinterest’s board Official news on Pinterest.
liquidity crunch on account of surplus production that has resulted in low prices of sugar in the domestic markets.