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

“Key milestones achieved in Assam”

In an interview with Governance Now, Anil Kumar Jha, special DGP, CID, Assam, who is also nodal officer for the CCTNS project, speaks of what the system in its present form has helped his state achieve. What is the current status of CCTNS in Assam and its outcome?

Crime tracking project: Bugged from the beginning

A stand-off between the ministry of home affairs (MHA) and software development firm Wipro seems to have long held up the Rs 2,000 crore crime and criminal tracking network and systems (CCTNS) project, conceptualised ten years ago. The project aims to digitise and connect all police stations in the country

Activists question displacement and dispossession of marginalised communities

Questioning the development model pushed ahead for profit oriented growth, social and political activists, academicians, financial analysts and civil society organisations are holding a three day confluence of Peoples’ Convention on Infrastructure Financing in Mumbai.     &nb

The enemy within

About one-fourth of India’s elderly face abuse at the hands of those they trust the most – the son (52%)  followed  by the daughter in law (34%),spouse/partner (14%), daughter(6%)  grandchild (6%), son in law(3%), parent(1%) and care giver(1%), reveals a report by the HelpAge Ind

Who has been investing in India through Mauritius?

The official statistics provided by the department of industrial policy and promotion (DIPP) under the ministry of commerce and industry shows that between January 2000 and December 2017, India received $368 billion of foreign direct investment (FDI). It also says that Mauritius was the source of $125 bill

The neighbour and the valley

The declaration communicated through the director general of military operations (DGMO) of Pakistan and India on May 29, 2018, to implement the ceasefire agreement of 2003 between the two countries in “letter and  spirit” has opened up an opportunity to restore peace in the disturbed Kashm

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter