Govt examining proposal to raise Rs 40K cr via bonds from LIC

Last Updated: Tuesday, August 4, 2015, 16:16

Faced with severe shortage of funds to meet the food subsidy bill, the government today said it is examining a proposal to raise Rs 40,000 crore via long-term bonds from LIC to liquidate the subsidy arrears.

PM favours export of surplus sugar, ethanol blending

Last Updated: Saturday, August 1, 2015, 21:29

Prime Minister Narendra Modi on Saturday favoured raising sugar exports to liquidate surplus stocks because of low domestic demand that has led to a huge cane arrears of over Rs 14,000 crore to farmers.

17 individuals owe a whopping Rs 2.14 lakh crore tax arrears

Last Updated: Thursday, July 30, 2015, 19:54

Just 17 individuals have a whopping Rs 2.14 lakh crore as outstanding tax arrears, with each of them owing more than Rs 1,000 crore.

Working on policy for timely payment to cane growers: Paswan

Last Updated: Friday, July 3, 2015, 20:57

Concerned over Rs 20,000 crore of cane arrears to farmers, the government is preparing a long- term policy for the cash-starved sugar sector to ensure timely payment to growers.

CCEA okays Rs 6,000 crore interest-free loan to sugar mills

Last Updated: Wednesday, June 10, 2015, 15:02

The government on Wednesday approved Rs 6,000 crore interest-free loan to sugar mills to help them partly clear cane price arrears to farmers that have touched about Rs 21,000 crore.

Sugar output up 16%; cane arrears cross Rs 21,000 cr

Last Updated: Monday, May 18, 2015, 18:11

India's sugar production rose by 16 percent to 27.84 million tonnes (MT) till May 15 of the current marketing year that started in October last year, resulting in sweetener's low prices and huge cane arrears to farmers at over Rs 21,000 crore.

Central excise arrears rise to Rs 59,309 cr in FY'14: CAG

Last Updated: Tuesday, May 5, 2015, 14:54

Tax arrears towards central excise rose to Rs 59,309 crore in 2013-14, from Rs 45,463 crore a year ago, government auditor CAG said on Tuesday.

I-T Dept publishes list of 31 big tax defaulters

Last Updated: Wednesday, April 15, 2015, 21:06

Moving ahead with its strategy of 'naming and shaming' large tax defaulters, the Income Tax department on Wednesday came out with a list of 31 defaulters who owe over Rs 1,500 crore to the government.

Corporate tax arrears at over Rs 3.11 lakh crore as of Dec 2014

Last Updated: Friday, March 20, 2015, 19:29

Tax arrears from corporate houses stood at over Rs 3.11 lakh crore till December 2014, Parliament was informed on Friday.

Fert Min seeks additional Rs 30,000 cr to clear subsidy arrears

Last Updated: Wednesday, February 25, 2015, 18:19

Fertiliser Ministry has sought additional funds to clear the subsidy arrears of fertiliser manufacturers estimated at over Rs 30,000 crore, in the upcoming budget for the next fiscal.

Maharashtra seeks extension of subsidy on raw sugar exports

Last Updated: Saturday, January 17, 2015, 13:38

Maharashtra Chief Minister Devendra Fadnavis on Saturday met Union Food Minister Ram Vilas Paswan and sought extension of subsidy on raw sugar exports and hike in import duty on the sweetener to 40 percent to help cash-starved mills clear cane arrears to farmers.

Sugar stocks surge as govt plans to hike import duty to 15%

Last Updated: Friday, July 5, 2013, 14:14

Sugar stocks on Friday rose by over 5 percent on reports that the government plans to increase import duty to 15 percent from the current 10 per percent.