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News - Sugar

  • Ministries at loggerheads over sugar subsidies (Source CNBC TV18 29th Nov 2007)The relief package granted to sugar mills has just got a little bitter. The Finance Ministry wants only a part of the interest on bank loans to sugar mill owners to be subsidised.
    But the agriculture ministry is reportedly unhappy about this and wants full interest subsidy. Both the ministries are at loggerheads on the issue which is now expected to be taken up by the cabinet committee on economic affairs tomorrow.
    Bad times for sugar mills just don't seem to pass. Just weeks after the cabinet had approved a Rs 3800 crore sugar package for the industry, the implementation of the package has been grounded. The reason is a battle between the finance and the agriculture ministries over how much interest subsidy should be given on bank loans to sugar mills.
  • You like Balrampur Chini, what’s the rationale for buying that stock now?Excerpts from CNBC-TV18's exclusive interview with Dipen Sheth and TS Anantakrishnan (moneycontrol.com 23rd Nov 2007)
  • Business Standard Sugar Index posts 43% returns compared with 25% rise in the Sensex .Sugar stocks outperform Sensex in returns (Business Standard, 22nd Nov 2007)

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