Cabinet approves interventions to deal with the current crisis in the sugar sector https://www.taxtmi.com/news?id=20121 Measures comprise three interventions: creation of a buffer stock with reimbursements credited into farmers' accounts against cane dues; notification of a Sugar Price (Control) Order under the Essential Commodities Act to fix a minimum mill gate selling price for white/refined sugar with accompanying stock holding limits and mechanisms to control retail availability; and augmentation of distillery capacity with government interest subvention on sanctioned bank loans to encourage diversion of sugar and reduce surplus inventories, with DFPD to frame a detailed scheme. en-us Wed, 06 Jun 2018 18:26:47 +0530 Wed, 06 Jun 2018 18:26:47 +0530 TaxTMI RSS Generator Cabinet approves interventions to deal with the current crisis in the sugar sector https://www.taxtmi.com/news?id=20121 Measures comprise three interventions: creation of a buffer stock with reimbursements credited into farmers' accounts against cane dues; notification of a Sugar Price (Control) Order under the Essential Commodities Act to fix a minimum mill gate selling price for white/refined sugar with accompanying stock holding limits and mechanisms to control retail availability; and augmentation of distillery capacity with government interest subvention on sanctioned bank loans to encourage diversion of sugar and reduce surplus inventories, with DFPD to frame a detailed scheme. News - Wed, 06 Jun 2018 18:26:47 +0530 https://www.taxtmi.com/news?id=20121