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Sugar prices may rise by 10% by Sept on export subsidy: Crisil

Last Updated: Thursday, February 13, 2014, 20:14

Sugar prices are likely to rise over 10 percent by September this year on the back of the government's decision to give export subsidy on raw sugar with a view to bail out the industry, Crisil said Thursday.

'Sugar sector builds up inventory to avoid losses on sale'

Last Updated: Thursday, February 06, 2014, 18:01

Inventories are piling up for the country's sugar industry as it tries to save itself from selling the commodity at a loss, while pinning hopes on the government to soon provide incentives, a company official has said.

GoM okays incentives for raw sugar export

Last Updated: Thursday, January 16, 2014, 13:36

The PM-constituted panel was set up to address the financial problems being faced by the sugar industry.

Govt notifies norms for sugar mills to get interest-free loans

Last Updated: Sunday, January 05, 2014, 13:35

The government has notified the modalities for the beleaguered sugar industry to avail of interest-free loans to the tune of Rs 6,600 crore from banks for payments to cane growers.

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

Last Updated: Thursday, December 26, 2013, 15:16

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

Last Updated: Thursday, December 19, 2013, 20:41

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

Last Updated: Thursday, December 19, 2013, 19:39

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

Last Updated: Wednesday, December 18, 2013, 18:10

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

Last Updated: Tuesday, December 17, 2013, 18:52

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

Last Updated: Wednesday, December 11, 2013, 15:15

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.

Sugar stocks rally after GoM recommend slew of incentives

Last Updated: Friday, December 06, 2013, 18:54

Sugar stocks Friday gained as much as 10.4 percent after an informal group of ministers, headed by Agriculture Minister Sharad Pawar, recommended a slew of incentives for the industry.

PM panel okays Rs 7,200 cr interest-free loans to sugar mills

Last Updated: Friday, December 06, 2013, 16:45

The ministers also suggested recasting of loans taken by mills as per Reserve Bank norms, incentives to produce 4 million tonnes of raw sugar and setting up of buffer stock, besides doubling ethanol-blending in petrol to 10 percent.