-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...
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Politics Behind The Creation Of Ministry Of Cooperation With Amit Shah In Driver’s Seat -Syed Khalique Ahmed
-IndiaTomorrow.net NEW DELHI: Many people were surprised when Union Home Minister Amit Shah was given the additional charge of the newly created Ministry of Cooperation. The Cooperation Ministry was earlier a part of the Ministry of Agriculture. But it was no amazement for those acquainted with how the cooperative movement plays a role in politics – state as well as national politics – and how BJP used the cooperatives from the state...
More »Punjab to recover Rs 223.75 cr from 7 private sugar mills -Ruchika M Khanna and Rajmeet Singh
-The Tribune Subsidy given even when sugar rates soared after fall in 2015 Chandigarh: The Punjab Government today decided to recover Rs 223.75 crore from seven private sugar mills, most of them owned by politicians. This recovery is to be made as land revenue arrears for the largesse extended to them by the previous SAD-BJP government. A subsidy of Rs 50 per quintal on the State Advised Price (SAP) of Rs 280-Rs 295...
More »Addressing agrarian distress: An alternative 'area planning' price support scheme for farmers -Sher Singh Sangwan
-The Indian Express The existing MSP-based procurement system is fiscally unsustainable. The time has come to consider market intelligence-based regulation of crop production Farmers are always in distress when prices of their produce are subdued. The response of governments, obviously prompted by political pressures, has been to sharply hike minimum support prices (MSP) of crops or declare loan waivers. Thus, the current government at the Centre has significantly raised the MSPs of...
More »Explained: Why farmers in the sugar bowl of Western Maharashtra are angry -Parthasarathi Biswas
-The Indian Express Farmers protested violently over the weekend in support of their demand for a one-time payment of the fair and remunerative price. Ballooning cane dues could become a major issue as LS polls near. Pune: Sugarcane farmers in western Maharashtra Monday called off their violent four-day-old agitation, giving sugar mill owners and the government two weeks to find the money to pay them their full dues. The agreement was...
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