Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Ten sugar mills in UP to pay 12% simple interest on delayed payment to farmers -Deepa Jainani

Ten sugar mills in UP to pay 12% simple interest on delayed payment to farmers -Deepa Jainani

Share this article Share this article
published Published on Dec 25, 2021   modified Modified on Dec 26, 2021

-Financial Express

Under the Act, sugar mill owners are bound to pay interest if they fail to make the payment to farmers within 14 days of purchase.

Complying with an Allahabad High Court order, the Yogi Adityanath government has asked 10 sugar mills in the state to pay 12% simple interest to the farmers for the late payment of their sugarcane dues for three financial years: 2012-13, 2013-14, and 2014-15.

These 10 mills will have to pay the interest for the years when they were making profits. Hence, the three units of Simbhaoli Sugars – Simbhaoli, Brijanathpur and Chilwaria —will have to pay interest for the crushing season 2012-13, while JHV Sugars’ Gadaura sugar mill, Laxmiji Sugar’s Moradabad unit and Kanoria Sugars’ Captanganj unit will have to pay interest for the 2012-13 and 2013-14 seasons. Sherwani Sugar’s Neoli unit, KM Sugar Mills’ Motinagar unit and United Province’s Seohari sugar mill will have to pay interest for 2013-14. Apart from this, one UP sugar cooperative federation’s unit, Sneh Road, in Najibabad will also have to pay 12% interest for 2012-13.

Please click here to read more.


Financial Express, 25 December, 2021, https://www.financialexpress.com/economy/ten-sugar-mills-in-up-to-pay-12-simple-interest-on-delayed-payment-to-farmers/2389392/?fbclid=IwAR0uufHL5yCa0ZZ5UZW8uJDij_98BHWzUGl1RnKMvGBYzEsIkKX942xGaRk


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close