Impact of govt’s Rs 8,500-cr sugar bailout package
This week we discuss two issues on our show macro@moneycontrol.
The Cabinet on June 6 approved a Rs 8,500-crore bailout package for the sugar industry which includes Rs 4,500 crore soft loan for building ethanol production capacity and creating a 3 million tonne stockpile to soak up excess supply.
The measures are aimed at dealing with the current crisis in the sugar sector and give some relief to the sugar millers.
The cabinet also decided to fix the minimum selling price (MSP) of white/refined sugar at Rs 29/kg.
In the second segment, Moneycontrol Economy Editor Gaurav Choudhury explains how Harley Davidson bikes are at the centre of India-US trade relations.
Money Control – 20th June 2018