sugar industry Current Affairs, GK & News
The World Trade Organisation (WTO) has announced setting up of dispute settlement panel to review India’s sugar subsidy as requested by Brazil, Australia and Guatemala. What are the Objections against India? The countries allege that: India has massively increased the level of domestic support under its support regime for sugarcane and sugar. India has almost doubled ..
Topics: Agriculture • Dispute resolution • Dispute Settlement Body • Ethanol fuel • Food and drink • Indian Sugar Subsidy Questioned in WTO • Sugar • sugar industry • Sugarcane • World government • World Trade Organisation • World Trade Organization • WTO Dispute Settlement
Union Food Ministry has notified decision to allow sugar mills to manufacture ethanol directly from sugarcane juice or an intermediate product called B-molasses. In this regard, Sugarcane Control Order, 1966 has been amended. The move would help mills divert cane juice for ethanol manufacturing during surplus years. Key Facts Now in case of production of ..
Month: Current Affairs - July, 2018
The Union Cabinet chaired by Prime Minister has approved a Rs. 8500 Crore bailout package for the distressed sugar industry in the country. Background India is world’s second largest sugar producer after Brazil with production of around 20-25 million tonnes of sugar every year. The sugar production was 25.13 million tonnes in 2015-16 sugar season ..
Month: Current Affairs - June, 2018
The Cabinet Committee on Economic Affairs (CCEA) has approved proposal to provide financial assistance of Rs. 5.50 per quintal of cane crushed in sugar season 2017-18. It will help to sugar mills to offset the cost of cane which will inturn help sugar mills to clear cane dues of farmers. Key Facts The assistance will ..
Month: Current Affairs - May, 2018
Prime Minister Narendra Modi inaugurated the International Conference and Exhibition on Sugarcane Value Chain – Vision 2025 Sugar in Pune, Maharashtra. The 3 days conference has been organised by Vasantdada Sugar Institute (VSI) at Manjari near Pune. Around 1,500 delegates are expected to participate in this conference from across the globe. Key Facts In this ..
Category: States Current Affairs
President Pranab Mukherjee has given assent to the Sugar Cess (Amendment) Bill, 2015 to raise the ceiling of a cess as an excise duty on the production of sugar. The bill was first passed by Lok Sabha after it was declared a money bill. President gave his assent as per provisions of Article 111 of ..
Category: Legal & Constitution Current Affairs