on cnbc tv 18 vivek interview i not like that one month back now look what happen in UP Political Bureau,The Economic Times, 16th Nov, 2009 NEW DELHI :THE farmers’ protests in Uttar Pradesh over the sugarcane purchase price fixed under the Centre’s new Fair and Remunerative Price (FRP) ordinance has put Congress in a bind. The matter has become a rallying point for all opposition parties in the BSPruled state, forcing Congress to devise ways to get round the Centre’s order. It is evident that the party, which wants to make the best of the momentum provided by its recent victory in the Ferozabad parliamentary bypoll, has been forced to play on the backfoot on the issue of cane pricing. AICC general secretary Digvijay Singh, who met agriculture minister Sharad Pawar last week along with Congress UP chief Rita Bahuguna Joshi, told ET that it was a “misconception created by opposition parties” that the government had formulated a policy which would entail the sugar mills paying the farmers a paltry Rs 129.85/quintal for cane, as set out under the FRP system. He described this amount as merely the “floor price” and said the farmers would get much more. The party has directed its district-level functionaries to hold talks with mill owners to negotiate a better purchase price for sugarcane, Mr Singh said. With the farmers refusing to budge from their demand of Rs 280/quintal, the Centre has been left with little recourse but to intervene. Mr Pawar’s entreaties to mill owners and farmers to resolve the matter at the earliest have yielded little result. Though the mills have now agreed to pay Rs 180/quintal, the farmers are not ready to back down. Many farmers’ groups are now all set to bring their protests to the Capital under the aegis of the Bharatiya Kisan Union (BKU) of Mahendra Singh Tikait. The matter is likely to continue embarrassing Congress in UP as the issue is also likely to be brought up in the upcoming winter session of Parliament by parties such as SP and BJP, not to mention BSP which has opposed the FRP on the ground that it requires the state government to bear the difference between the Centre’s price and the State Advisory Price (SAP). On Sunday, RJD too joined in the protests. It threatened to withdraw support from the UPA government if the Centre failed to ensure “adequate prices for sugarcane” in UP. RJD general secretary Ashok Singh alleged that Centre was working against the interests of farmers. BKU’s Rakesh Tikait said as the policy adversely affected the cane farmers across the state, it would soon take a bigger shape. “We have to get united against the sugarcane pricing policy of the Central and the state governments,” Mr Tikait told agencies recently. Ajit Singh’s RLD, which is strong in the Jat-dominated Western UP belt, has also been at the forefront of the protests. Even SAP, which is usually higher that the price fixed by the Centre and sets the bar for the minimum price to be paid to farmers by the mill, is not fair to the farmers, they say. Even states like Maharashtra, which usually pays less than UP for cane, is now paying Rs 200/quintal ...

BHL IMPORTED RAW SUGAR 10 TIMES MORE THAN BALRAMPUR CHINI ,WHERE AS RENUKA WILL TREADE HIGHER AND HIGHER DUE TO LESS POLITICES IN MAHARASTRA AND KARNATAKA AND TOO MUCH RAW SUGAR AT LOW PRICES BALRAMPUR LEG BEHIND IN IMPORTED RAW SUGAR ...

HCC looks strong above 145.5 for a target of 149.50-152.2-154-157-162-163.3 5-166.3-169.9 Support at 140, avoid long below 140. Regards, Manish Bothra, Money_Mystery, Kolkata....

SUGAR COMPANY HAS PAST EXP OF POWER BUSNESS LAST FISCAL THAY SOLD APPROX 80CR OF POWER NOW 30% RATE HIKE BY GOVT AND THEY USE EXISTING COGENERATION PLANT WHOLE YEAR IE WITH COAL SO THEY RUN POWER PLANT WHOLE YEAR PAST THEY USE ONLY 135 DAY AVG SO I THINK TO PUT 400MWATT POWER PLANT AND COAL MINE AQUAGIATION IN FUTURE IS RIGHT STEP FORWARD ONE IMPORTANT THING THIS POWER PLANT OPERATIONAL IN 18 MONTH IE IF SUGAR CYCLE CHANGE THAN THIS POWER BUSNESS GIVE GOOD STABILITY NOW BALRAMPUR CHINI LOOK FOR ANOTHER BUYER AT THE END BAJAJHIND HAS DONE RIGHT THING...

EXECUATION OF 400MWATT IS VERY FAST DUE TO SOME TECHNICAL REASON (1) 16-Nov-09 09:22 Track this thread Tracked by (0) Posted by: abhaytiw on ( 16-Nov-09 09:22 ) Price : BSE: Rs 223.25 ( 1.73 % ), NSE: Rs. 223.45 ( 1.75 % ) 1: BELOW 500 MWATT ONLY STATE GOVT CLEARENCE NEEDED 2:LAND AQUATION NO PROBLEM THEY ALREADY HAVE 3:AT THE END OF SUGAR CYCLE THEY HAVE AROUND 500MWATT POWER PLANT IE 18 MONTH TIME ...

Earlier more than an year back when Nifty was trading over 5000 Inox was trading around 115 and now when nifty trading around 5000 its trading at just 56 levels. It has not yet received the necessary premium which I believe it will get going ahead. When the market is doing well,when the liquidity is flowing into the system,when new good movies are hitting the multiplex every week and month,when the footfalls have increased, I believe going ahead Inox could see cool price appreciation. So a strong buy is recommended at CMP and on decline if possible for a target of atleast 74-85+. In the last 3 month it has build a good base at around 50-62 levels so a good support exists at 48-50 so keeping that level as stop loss level one can go long on Inox. Its an personal observation. Kind Regards, Manish Bothra, Money_Mystery, Kolkata. ...

Hi goodies, The Ex-date has reached. The stock gocha get melt. Every one is eligible for right issue who holds the script as on 12-nov. It will take more than two months to recieve the form. Regards ammu2006 ...

Why is it falling today??? any specific news......

but currently Nifty doesnt seem in any mood to drop down to 4500 levels ......

You mean they will use this money to buyout balrampur chini... I dont think they`ll do that......

do you have any short-term target......

I think Unitech may touch levels of 94-95 this week......

but currently it seems to be moving further up ... I too personally feel that it may correct to 55-56 and stabilize there......

didnt get your message ... you mean to say it will move down to the levels of 54-46 ... if yes what`s the time frame ......