Online Business

BJP slams Centre's policy on sugarcane

BJP today attacked government"s decision to abolish profit sharing clause in the Sugarcane Control Order saying farmers would not be able to get better price even though mills are currently earning huge margins. - Oil firms cut ATF prices by 1.6% - Chodavaram mill expects drop in cane crushing - Cardamom prices double on high global demand - Gold slides on weak global cues - Steel prices to rise on costlier ore - Govt may sell wheat/rice in open market at cheaper rates Participating in a discussion in the Rajya Sabha, party leader Prakash Javadekar said sugar was selling at Rs 40 per kilo though the rate should have at best been Rs 25. Mills have paid only Rs 160 per quintal for sugarcane and as such they would have incurred a cost of not more than Rs 16 per kilo, he said during the debate on the Essential Commodities (Amendment and Validation) Bill. The government issued the Sugarcane Control (Amendment) Order on October 22 deleting the clause (5A) that prescribed profit sharing formula while inserting another clause (3b) eliminating the power of states to fix a different price for sugarcane other than the one fixed by the Centre. Questioning the Centre"s decision for a change from State Advised Price (SAP) to Fair and Remunerative Price (FRP), Javadekar said the government was trying to "impose its price" on farmers. "Change of words do not change the on-going injustice against farmers," he said adding that earlier it was done in the name of MSP and now in name of FRP. He asked the government to control sugar prices only if they can do it effectively, "otherwise leave it to market forces".


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

News of the day
Pandit defies Schumer
At the Bank of America Corp office in Washington, employees are fielding as many as 10 calls a day from Capitol Hill, up from about two a year ago.
Popular Articles
payday loans online

Yes Bank to raise $150-200 mn through QIP
To shore up its capital adequacy and also to fuel its growth, private sector Yes Bank plans to raise $150-200 million before the end of the current fiscal, a senior official said today.
Polygraphy
BSNL, MTNL directed to continue propping up loss-making ITI
The Union government has directed state-run telecom majors, BSNL and MTNL, to continue placing 30 per cent of their product orders with ITI, the loss-making government undertaking.