India is all set to produce surplus sugar for the sixth straight year at 26-27 million tonnes in 2015-16. To liquidate surplus stock, the Centre has made it mandatory for millers to export 4 million tonnes in the current season.
Apart from raising the minimum support price (MSP) of pulses, the Cabinet Committee on Economic Affairs (CCEA) approved a bonus of Rs 75 per quintal for gram and masoor dals over and above the support price.
Shubhalakshmi Panse of Allahabad Bank says the bank does not have any term loan exposure to Jharkhand and Bihar. And while the bank has a very small exposure of Rs 28.08 crore to Andhra Pradesh, it is a performing asset and a very recent loan of a small quantum.