The state government In December permitted four STUs, including KSRTC and BMTC, to avail a Rs 2,000 crore loan
On January 9, the top court granted time till March 15 to the Centre for payment of total arrears of OROP.
This amount is only till March 2019 and the dues have since risen in the following months as the government faces continued financial pressure
The increase of Rs 2 per kg in the minimum selling price of sugar is much less than what the industry wanted but even this comes with strings attached. The government wants cane arrears cleared.
Haryana Government has decided to grant one-time rebate of 25 per cent to those property owners who would pay all their dues of property tax and arrears for the years 2010-11 to 2016-17, by February 28, 2017.
Be prepared. India is likely to see positive confidence shock with consumer discretionary and retail financiers to be benefitting the most. According to Abhay Laijawala of Deutsche Bank Multiple 7th Pay Commission, good monsoon, low interest rates and easing liquidity should provide a significant boost to aggregate demand in second half of FY17.
The outstandings worth Rs 1,507 crore in FY15 saw a decline of Rs 400 crore in FY16, and RN Mishra, the CMD of SJVN believes that things will soon get better for the company.
Be it your annual bonus or some arrears paid to you, lack of prudence ensures that you remain where you started. Some individuals actually becomes worse off after such large payouts.
In an interview with CNBC-TV18, Sawhney said that despite the financial assistance, there will be arrears, which need to be addressed by the Central government.
Sugar mills are unable to clear the cane arrears to farmers as the ex-factory prices of the sweetener is ruling below the production cost.