-The Hindu Batting for about 30 lakh sugarcane farmers of Uttar Pradesh, Chief Minister Akhilesh Yadav has expressed his reservation over the Central Government’s proposal to de-regulate the sugar and cane sectors, which would effectively signal an end to the State’s control over reserving the cane area of the sugar mills and fixing the procurement price for the growers. At his meeting with the Chairman of the Prime Minister’s Economic Advisory Council,...
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Where does the money spent by Maharashtra on NREGS go? by Mahesh Vijapurkar
Poor spending on NREGS by Maharashtra - only Rs351 crore out of Rs668 crore - can be seen in two ways. One, apathy towards the poor and carelessness, and two, less money spent means less money stolen. All employment schemes are seen as doles, work is faked, ghosts are paid and the bucks swallowed by the establishment - politicians to petty bureaucrats - with the poor guy in the boondocks...
More »Maharashtra sugar co-ops may have to pay Rs 2,500-cr tax arrears by Sanjay Jog
Around 100 cooperative sugar mills in Maharashtra have lost one round of a battle on income tax (I-T) arrears dating back to 1992-93, with an appellate authority rejecting their argument on dues. If the decision, by the commissioner of income tax (appeals), is not appealed again, the mills may have to pay Rs 2,500 crore in arrears. Vijaysinh Mohite-Patil, chairman of the Federation of Cooperative Sugar Factories in Maharashtra, told Business Standard:...
More »Sugar decontrol decision only after consulting states
Food and Agriculture Minister Sharad Pawar today said the government will not take any decision on decontrol of the sugar sector without consulting the states and the process of which will begin in 8-10 days. "I am going to start the process of discussion with the stakeholders and the state governments in 8-10 days time. Without the consultation, I will not move any proposal (on decontrol) to the Cabinet," he told...
More »Cane farmers may earn less this year
Maharashtra’s sugarcane farmers who reaped a bonanza in 2009-10 due to surging sugar prices may have to settle for a 25-30% loss of income in the upcoming sugar year October 2010-September 2011. Farmers are expecting to be paid at least the Central government-fixed fair remunerative price. But with an estimated 22% jump likely in cane production, it may well become a buyer’s market with mills calling the shots. “I expect...
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