DCM Shriram: Weak sugar prices a drag, remain cautious
The company reported a disappointing Q4 on the back of weak performance of the sugar segment which is expected to remain a drag on the overall profitability in the coming year.
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CBI probe into sale of sugar mills during Mayawati govt will reveal truth: UP minister
A CBI probe into the sale of 21 sugar mills in Uttar Pradesh at "throwaway prices" during the Mayawati government would reveal the truth and expose the "pact of corruption" between the BSP and the SP, Uttar Pradesh minister Shrikant Sharma said today.
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CBI takes over probe in Rs 1,179 crore UP sugar mill ‘scam’
NEW DELHI: Former Uttar Pradesh chief minister Mayawatimay find herself in choppy waters with the CBI taking over the probe into the alleged disinvestment of 21 state-owned sugar mills in 2010-11, which caused a loss of Rs 1,179 crore to the state government.
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How far will aid for sugar go?
Govt has cleared assistance plan to help mills amid crisis caused by overproduction. Will Rs 5.50/quintal be effective when dues to growers have reached Rs 20,000 crore?
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India approves subsidy for cane farmers to help sugar
NEW DELHI, May 2 – India’s cabinet on Wednesday approved a proposal to help sugar mills by paying the cane farmers that supply them a subsidy for their produce, a government source said, as part of efforts to help a sector struggling with a glut.
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Cane arrears: Centre to offer ₹1,540-crore subsidy to farmers
In a bid to ease financial difficulties faced by sugarcane farmers on account of mounting arrears from sugar mills, the Union Cabinet on Economic Affairs on Wednesday gave its nod to Food Ministry’s proposal to provide a production subsidy of Rs 5.5 per quintal of the cane crushed during current sugar season.
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Govt to pay Rs 1,540 cr to cane growers on mills’ behalf to help clear part arrears
Ahead of elections in Karnataka, the Union government today decided to directly pay sugarcane farmers about Rs 1,540 crore to clear less than a tenth of the outstanding that sugar mills owe to them.
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Sugar industry lauds Centre’s move to support sugarcane growers
Sugarcane farmers and millers have welcomed the Union Government’s decision to directly pay farmers a portion of the sugarcane price for 2017-18 to offset the mounting arrears by sugar mills.
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Govt to pay Rs 5.5/qtl to cane growers on mills’ behalf to help clear arrears
The government today decided to pay Rs 5.5 per quintal directly to cane growers on behalf of cash-starved sugar mills to help the industry in clearing outstanding dues to farmers - a move that could cost exchequer Rs 1,540 crore as subsidy.
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Sugar prices end on mixed note
Sugar prices ended mixed at the wholesale market in the national capital today in the absence of any significant buying or selling amid ample stocks.
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