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RBI Governor to appear before PAC as scheduled on Jan 20: KV Thomas

RBI Governor to appear before PAC as scheduled on Jan 20: KV Thomas

PAC Chairman K V Thomas today said a meeting with Finance Ministry officials has been deferred to February 10 in view of Budget preparations but RBI Governor Urjit Patel will appear before it as per schedule on January 20 on the demonetisation issue.

Rising prices to increase subsidy burden on PDS sugar: Thomas

The Centre's subsidy burden on PDS sugar may go up due to price increases after import duty on the sweetener was hiked, former Food Minister K V Thomas said Tuesday.

Sugar stocks gain ground; rise as much as 3%

Shares of Sakthi Sugars jumped 2.56 percent, while Bajaj Hindusthan gained 2.33 percent at the BSE.

CCEA okays norms for sugar mills to get interest-free loans

Government on Thursday approved modalities for the beleaguered sugar industry to avail interest-free loans to the tune of Rs 6,600 crore from banks for effecting timely payment to cane growers.

CCEA approves Rs 6,600 cr interest-free loans for sugar mills

The government on Thursday decided to provide interest-free loans of Rs 6,600 crore to cash-starved sugar mills to make payments to cane farmers.

Cabinet approves Rs 6,600 cr interest-free loans for sugar mills

The Cabinet on Thursday approved a proposal on providing interest-free loans of Rs 6,600 crore to the cash-starved sugar industry for making sugarcane payment to farmers.

Cabinet may tomorrow consider Rs 7,200 cr loans to sugar mills

The Cabinet is likely to consider Thursday a proposal on providing interest-free loans of Rs 7,200 crore to the cash-starved sugar industry for making sugarcane payment to farmers.

Crushing delay may not impact sugar output this season: Thomas

Sugar production, which is estimated at 241 lakh tonnes in the country, is expected to remain unaffected due to delay in commencement of sugarcane crushing, Parliament was informed Tuesday.

Govt nod on bailout package to sugar mills likely before X'mas

Government is likely to take a final call before this Christmas on a bailout package for the sugar industry that includes Rs 7,200 crore of interest-free bank loans to pay dues to sugarcane growers, Food Minister K V Thomas said Wednesday.

UP govt offers sops to sugar mills; warns of action

Announcing tax breaks to end the impasse in the sugar industry, Uttar Pradesh government Thursday warned sugar mills of legal action if they did not start operations by next week.

Govt projects nearly 3% drop in sugar output this year

The country's sugar production is likely to drop by nearly three percent to 24.4 million tonnes this year, but sufficient to meet the domestic demand, Food Minister K V Thomas said Thursday.

Centre asks states to soon break impasse on sugar issue

Assuring Centre's full assistance in solving the UP sugar crisis, Union Food Minister K V Thomas asked sugar mills and farmers not to "precipitate" the crisis.

Thomas discusses financial package to sugar mills with FM

Food Minister K V Thomas on Thursday met Finance Minister P Chidambaram and discussed the issue of providing a financial package including interest-free loans to the beleaguered sugar mills in the country.

Onion prices to come down in next 10 days: Thomas

Onion prices have been ruling at Rs 70-90 per kg in most parts of the country and even touched Rs 100 per kg in some cities like Patna and Jammu.

Onion price touches Rs100/kg; to remain high for 2-3 weeks

Refusing to ban export of onion, the Centre asked state governments to invoke Essential Commodities Act to crackdown on hoarders.

'Next CCEA meet to decide on duty hike of refined edible oil'

The government is considering a duty hike of refined edible oil and the decision in this regard will be taken in the next CCEA meeting, Food Minister K V Thomas said on Tuesday.

Thomas to make Food Security presentation at FAO meet in Rome

Food Minister K V Thomas is scheduled to make a presentation on the National Food Security Act at an FAO conference next week in Rome.

Govt examining high inflation in foodgrains: Thomas

Expressing concern over high food inflation, Food Minister K V Thomas on Wednesday said the government is examining the reasons for "undue" rise in prices of foodgrains despite high production.

South Asia needs to step up investment in agriculture: Thomas

India has a challenge to feed estimated 1.3 billion population by 2018, he said, adding the government is focusing on tapping the agriculture potential in eastern region.

India retail market poised to touch $1.3 trillion by 2020: Govt

The domestic retail market is poised to touch USD 1.3 trillion by 2020 and the industry has the responsibility to provide quality goods and services at affordable prices, Consumer Affairs Minister K V Thomas Wednesday said.