WTO Dispute Settlement Panel to review India’s Sugar Subsidy

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 ..

Government notifies ethanol-making directly from sugarcane juice, B-molasses

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 ..

Month: Current Affairs - July, 2018

Rs. 8500 Crore Bailout Package for Sugar Industry Approved

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 ..

Month: Current Affairs - June, 2018

CCEA approves financial assistance to sugar mills for clearing cane dues of farmers

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 ..

Month: Current Affairs - May, 2018

PM Narendra Modi inaugurates International Conference on sugarcane value chain

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 ..

Month: Current Affairs - November, 2016

President gives assent to The Sugar Cess (Amendment) Bill, 2015

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 ..

Month: Current Affairs - January, 2016

What is the arrears problem in Sugar Industry of India?

It has been more than two years since April 2013, when the union government decided to lift some control on the sugar industry. Via this government scrapped the obligation to sell 10 per cent of a mill’s output to the ..

Rangarajan Committee and Partial Decontrol of Sugar

There has been a long pending demand for complete decontrol of the sugar industry. But successive central governments have hesitated to decontrol sugar. The prime reasons can be summarized as below: Sugar Industry is an agro based industry and in ..