-Down to Earth Sugar prices had remained depressed, which had affected the liquidity of sugar mills, a govt reply said While the new sugar-crushing season is set to begin from October, the outstanding payment dues to sugarcane farmers across the country stand at Rs 15,683 crore as on September 11, according to a reply given to a question in Parliament on September 15, 2020. Of this, Rs 12,994 crore pertains to crop procured...
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As cane dues cross Rs 14,200 crore, UP sugar mills petition state govt -Harish Damodaran
-The Indian Express UP mills have, in the current 2019-20 sugar season (October-September) as of May 8, crushed 10,565.49 lakh quintals of cane and produced 120.01 lakh tonnes (lt) of sugar. With cane payment arrears to farmers crossing Rs 14,200 crore, sugar mills in Uttar Pradesh have sought a cash subsidy bailout from the state government to enable them to discharge their Outstanding Dues. “In this hour of deep crisis, we look upon...
More »MSME sector is on the verge of collapse, says Nitin Gadkari
-PTI/ The Hindu Business Line Union Minister Nitin Gadkari on Thursday said that micro, small and medium enterprises (MSME) sector is on the verge of collapse, and urged major industries to release the Outstanding Dues to such companies within a month. He said that the position of MSMEs was the “worst” as they were now engaged in a “battle for their survival”. The Minister also noted that the pendency of dues owed...
More »Borrowers to be charged interest for 3-month moratorium period: RBI
-The Hindu RBI told banks that they could shift the repayment schedule for loans and the residual tenor across the board by three months after the moratorium period. Banks which give borrowers a three-month moratorium on repayment of loans will continue to charge interest on the outstanding portion of the loans during this window period, the Reserve Bank of India clarified on Friday evening. The 3-month moratorium on repayment of loans - including...
More »Govt awaits Labour ministry's verdict on modifying consumer price indices
-PTI On a supplementary question on when Outstanding Dues to Andhra Pradesh will be released, Tomar gave an assurance that no pendency of dues relating to Andhra Pradesh would remain with his ministry. The government is awaiting the Labour ministry's decision on modifying consumer price indices before linking MGNREGA wages to inflation, Rajya Sabha was informed on Friday. Replying to supplementary questions during Question Hour in the Upper House on linking of wages...
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