Comments
The Government is not opposed to decontrol of the sugar sector, provided it does not affect the interests of farmers and consumers, a top Food Ministry official said today.
“The Government is not averse to any decontrol, provided it does not cause difficulty to farmers,” the Food Secretary, Mr B.C. Gupta, said at a sugar conference here.
The Indian Sugar Mills Association (ISMA) has been demanding that the Government give them the freedom to sell sugar in the open market.
It also wants the removal of levy sugar system, under which mills are required to sell 10 per cent of their production to the government at a subsidised rate for distribution through ration shops.
Through the monthly release mechanism, the Centre fixes the monthly sugar quota that mills can sell in the open market and ration shops.
The industry supplies levy sugar at 60 per cent of the cost of production, resulting in a loss of about Rs 2,500-3,000 crore every year, according to industry body CII.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.