Sugar demand still low, dues pending, Maharashtra mills report distress sales
Bhairavnath B Thombare, president of the West Indian Sugar Mills Association, the apex body representing private sugar millers in the state, said mills are resorting to distress sales due to the large dues they owe to farmers. Updated: December 22, 2020 8:21:11 am
Farmers say government’s export scheme came too late. (File)
AMID the continuing low demand for sugar, mills in Maharashtra have started reporting distress sales two months into the sugarcane crushing season of 2020-21, with some selling below the government notified Minimum Selling Price (MSP) of Rs 3,100 per quintal.
Pune beats the real estate blues, clocks highest sale in the country
Pending demand and lowering of stamp duties by the state government is said to be the main reasons for the bullish sales in the city. Updated: December 19, 2020 10:16:41 pm
Data collated and shared by the real estate data analytics company Propequity shows that Pune has zoomed past sales as compared to cities like Bengaluru, Hyderabad, Chennai etc. (File photo)
Despite the pandemic and the Indian economy being officially in recession, Pune’s real estate industry has seen healthy green shoots which has brightened the hope for better results in the New Year. Pune has seen the highest sales of tenements in the country in the current quarter. Pending demand and lowering of stamp duties by the state government is said to be the main reasons for the bullish sales in the city.
Pune: Toor growers stare at season with prices below MSP
Continuation of the present MSP-based government procurement system is one of the main demands of protesting farmers from Punjab and Haryana camping outside the national capital. December 18, 2020 12:19:52 am
Even before the crop has hit the market, wholesale prices have gone below MSP. (Representational)
VILAS UPHADE, director of Vikas Agro farmer producer company (FPC) at Takli village in Latur district has been inundated with calls from toor growers since the end of November, asking as to when the government procurement of pulse grain will begin. “Farmers are scared as harvest has started but dal millers in Latur are quoting prices below MSP (minimum support price) of Rs 6,000 per quintal,” he said.
Anticipating trouble, Pune pride organisers mull action
The tenth edition of the march, usually held in June, could not be organised this year due to the coronavirus pandemic. Updated: December 17, 2020 6:29:03 pm
In its 10th edition, the Pune Pride would be honouring the COVID warriors in form of police healthcare worker who had taken up many roles during the pandemic. (File/Express photo: Neeraj Priyadarshi)
Keen to avoid their platform being hijacked by politically-motivated groups, organisers of the Pune Pride walk, the annual march in the city to express solidarity with the LGBTIAQ community, are contemplating a series of steps to keep the potential troublemakers at bay.
Govt boost for sugar mills: Rs 5,361 cr dues cleared, new subsidy worth Rs 3,500 cr
Govt boost for sugar mills: Rs 5,361 cr dues cleared, new subsidy worth Rs 3,500 cr
“Today’s decision will provide much-needed relief and liquidity to the industry,” said Prakash Naiknaware, managing director of the National Federation of Cooperative Sugar Factories Ltd. December 17, 2020 5:51:37 am
The Cabinet Committee on Economic Affairs, which met on Wednesday, also approved an incentive for export of up to 60 lakh tonnes (lt) of sugar for the 2020-21 season.
Just a month after announcing a Rs 65,000-crore booster for the fertiliser industry, clearing all pending subsidy bills, the Centre on Wednesday unveiled a similar package for the sugar sector. Mills will receive Rs 5,361 crore as payments that were due to them as incentive for exporting sugar during the last 2019-20 season (October September).