Govt notifies norms for sugar mills to get interest-free loans

Last Updated: Sunday, January 5, 2014, 13:35

The government has notified the modalities for the beleaguered sugar industry to avail of interest-free loans to the tune of Rs 6,600 crore from banks for payments to cane growers.

Sugar output slides by 29% till Dec due to delay in crushing

Last Updated: Thursday, January 2, 2014, 18:01

The country's sugar production fell by 29 percent to 57.39 lakh tonnes in the first three months of the 2013-14 season (October-September).

CCEA okays norms for sugar mills to get interest-free loans

Last Updated: Thursday, December 26, 2013, 15:16

Government on Thursday approved modalities for the beleaguered sugar industry to avail interest-free loans to the tune of Rs 6,600 crore from banks for effecting timely payment to cane growers.

CCEA approves Rs 6,600 cr interest-free loans for sugar mills

Last Updated: Thursday, December 19, 2013, 20:41

The government on Thursday decided to provide interest-free loans of Rs 6,600 crore to cash-starved sugar mills to make payments to cane farmers.

Cabinet approves Rs 6,600 cr interest-free loans for sugar mills

Last Updated: Thursday, December 19, 2013, 19:39

The Cabinet on Thursday approved a proposal on providing interest-free loans of Rs 6,600 crore to the cash-starved sugar industry for making sugarcane payment to farmers.

Cabinet may tomorrow consider Rs 7,200 cr loans to sugar mills

Last Updated: Wednesday, December 18, 2013, 18:10

The Cabinet is likely to consider Thursday a proposal on providing interest-free loans of Rs 7,200 crore to the cash-starved sugar industry for making sugarcane payment to farmers.

Sugar output down 50% so far this season on delay in crushing

Last Updated: Tuesday, December 17, 2013, 19:48

Sugar output fell by 50 percent to 24.24 lakh tonnes so far in the 2013-14 season due to the delay in the sugarcane crushing operations especially in Uttar Pradesh, industry body ISMA said.

Crushing delay may not impact sugar output this season: Thomas

Last Updated: Tuesday, December 17, 2013, 18:52

Sugar production, which is estimated at 241 lakh tonnes in the country, is expected to remain unaffected due to delay in commencement of sugarcane crushing, Parliament was informed Tuesday.

Govt nod on bailout package to sugar mills likely before X'mas

Last Updated: Wednesday, December 11, 2013, 15:15

Government is likely to take a final call before this Christmas on a bailout package for the sugar industry that includes Rs 7,200 crore of interest-free bank loans to pay dues to sugarcane growers, Food Minister K V Thomas said Wednesday.

Congress to hold protests on Saturday over delay in crushing sugar mills

Last Updated: Friday, December 6, 2013, 20:35

Taking a serious note of the delay in crushing by sugar mills, thus aggravating problems of farmers, Congress today decided to hold state-wide dharnas on Saturday.

Sugar stocks rally after GoM recommend slew of incentives

Last Updated: Friday, December 6, 2013, 18:54

Sugar stocks Friday gained as much as 10.4 percent after an informal group of ministers, headed by Agriculture Minister Sharad Pawar, recommended a slew of incentives for the industry.

PM panel okays Rs 7,200 cr interest-free loans to sugar mills

Last Updated: Friday, December 6, 2013, 16:45

The ministers also suggested recasting of loans taken by mills as per Reserve Bank norms, incentives to produce 4 million tonnes of raw sugar and setting up of buffer stock, besides doubling ethanol-blending in petrol to 10 percent.