Centre to allow states to impose stock limits on sugar

The move might be a relief for drought-hit farmers of Marathwada as sugarcane cultivation requires large amount of water

GN Bureau | April 28, 2016


#sugar mills   #Maharashtra   #drought  


In an attempt to curb the trend of rising sugar prices, the Centre has decided to allow states to impose and enforce stock holding limits on dealers of sugar. The move has been brought about after it was noticed that in spite of sufficient availability of sugar stocks with the sugar mills, the wholesale and retail prices showed a spurt.

This, however, may also benefit farmers of the several drought-hit regions in Maharashtra and other states since sugarcane cultivation consumes a lot of water, allegedly leading to uncontrolled lifting of ground water. Sugarcane, which is a water-guzzling crop, consumes over 70 percent of irrigated water even though it occupies just about 4 percent of farmed land in Maharashtra. As per reports, the Maharashtra government, too, is considering of enforcing a five-year ban on sanctioning new sugar mills in the state.

Meanwhile, the decision of the Centre aims to check the inflationary tendencies in sugar and reduce hoarding by wholesalers and retailers by bringing sugar within the purview of stock limits. This would help the state and central agencies to impose stock limits and regulate supply, distribution, storage and trade of sugar.
 

Comments

 

Other News

Stories you must read over the weekend

Joseph A Cannataci is the UN’s first and current special rapporteur for the right to privacy appointed by the Human Rights Council (HRC) in July 2015. His appointment came with growing global concerns about threats to privacy in the digital age where governments and big corporations collect mass da

When Jaitley sparred with Chidambaram

This is what Arun Jaitley had to say:   We want to take action which may either want to have an assault on what is the shadow economy or the parallel economy itself. Let us take this example of what everybody has commented on Section 132. Section 132, in simple,

One country, one tax from July 1

 After an intense seven-hour-long debate in the Lok Sabha, the cabinet gave a nod to the Goods and Services Tax (GST) Bill. A green signal has also been given to the four crucial supplementary bills; Central Goods and Services Tax (CGST) Bill, Integrated GST (IGST) Bill, Compensation GST (compensation

Indian team’s internet access to villages gets global recognition

 A successful effort to take high speed internet to over six lakh Indian villages by an IIT Bombay team failed to get support from the government. But, the same indigenous television white space technology developed by the team has now won Mozilla Corporation’s ‘equal rating innovation cha

DJB unveils Yamuna river project

Delhi Jal Board, in collaboration with University of Virginia on Thursday unveiled the Yamuna River Project with a symposium cum exhibition as a part of the overall effort to map out an expansive, multidisciplinary prescription to clean Yamuna. The discussion opened on the lines of eradicati

UJALA scheme: Over 22 crore LED bulbs distributed

  Over 22 crore LED bulbs have been distributed by Energy Efficiency Services Limited (EESL) under UJALA scheme, union minister Piyush Goyal informed the Lok Sabha.   The minister said that the National LED programme, called Unnat Jyoti by Affordable LEDs for

Video

आप से 97 करोड़ रुपये वसूले जाएं - दिल्ली उपराज्यपाल

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter