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The decision to increase the FRP of sugarcane was taken in the meeting of the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi.
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The decision was taken in the meeting of the Cabinet Committee on Economic Affairs. Prime Minister Narendra Modi said the decision to increase the FRP will benefit farmers as well as workers of sugar mills.
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The Centre, in August 2020, increased the fair & remunerative price by Rs 10, bringing the amount to Rs 285 per quintal. The government had fixed Sugarcane FRP at Rs 275 per quintal for the 2019-2020 marketing year.
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The Centre in August 2020 increased the fair & remunerative price by Rs 10, bringing the amount to Rs 285 per quintal. The government had fixed Sugarcane FRP at Rs 275 per quintal for the 2019-2020 marketing year.
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FRP and MSP: Are the two rates contradictory or do they supplement each other in guaranteeing a fair price for farmers?
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An overdose of sugar incentives is affecting both the sugar sector in India and the world
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Sugar prices are expected to remain firm in the near term due to tight stock position following 9 percent decline in production and steady growth in consumption, rating agency ICRA said today.
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In an interview to CNBC-TV18's Reema Tendulkar & Prashant Nair, Tarun Sawhney, VC & MD of Triveni Engineering & Industries said that hike in fair and remunerative price (FRP) by Rs 30-40 per quintal could be dangerous.
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Demand has been weak but in Q2 and Q3 of the year -- as the festival season comes -- Niraj Shirgaokar, MD of Ugar Sugar Works expect the demand to pick up, which will lead to price increase.
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The Cabinet Committee on Economic Affairs today approved a proposal to pay a production-linked subsidy of Rs 4.50 per quintal directly to cane farmers in the 2015-16 season to help cash-starved sugar mills clear arrears -- a move that would cost the exchequer about Rs 1,147 crore.
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Ashok Khurana, Director-General, Association of Power Producers says the power sector needs an immediate solution amidst the collapsing demand since past three years.
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The Power Ministry is working on a proposal to deal with over Rs 4 lakh crore loans of power distribution companies with a view to bring down their liabilities.
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Dena Bank's exposure to discoms stands at around Rs 7000 crore of which Rs 3300 crore of debt has been restructured, says chairman and managing director Ashwani Kumar.
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States have also asked for some favours from the Central government which includes the Centre providing funds for interest subsidy on loans of over Rs 40,000 crore.
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National carrier Air India has reduced its net loss by more than a quarter to Rs 5,547.47 crore in the previous fiscal as compared to a net loss of Rs 7,559.74 crore in FY12, government said on Monday.
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RS Ramasubramaniam, co-chairman of Feedback Infra, says power requirement has grown by 5 percent in the last 5 years, while availability has historically grown by 6-6.5 percent. Power contraction was around 10 percent in April 2015 versus historical growth rate.
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Motilal Oswal has come out with its report on Union Budget FY15-16. The research firm continues to like incumbents with sound growth visibility, strong financial position. NTPC, Powergrid, CESC and RattanIndia Power are top-picks, says the report.
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Balrampur Chini Mills‘ third quarter net loss stood at Rs 65.7 crore against loss of Rs 50.8 crore, Y-o-Y. The company‘s total income rose by 21 percent at Rs 841.7 crore versus Rs 690.7 crore.
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The development comes in the wake of Karnataka High Court verdict upholding state government's powers to fix sugarcane prices.
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The FRP, which is the minimum price that mills need to pay to cane farmers, stands at Rs 210 per quintal in the ongoing 2013-14 marketing year (October September).
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In the last 6-8 months, fair and remunerative price (FRP) had gained momentum, due to which the dependence of these distribution companies (DISCOMs) on banks funding had reduced substantially.
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Green shoots are emerging in the power sector due to the Indian government‘s FY13 and FY14 policy measures towards solving two key issues - fuel risk and poor financial health of state power utilities (SPUs), says India Ratings.
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The minister also made light of the Arvind Kejriwal-led Delhi‘s government‘s recent decision to provide a 50 percent power subsidy to consumers and allayed concerns that it would weigh on discoms‘ financial health.
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Vinayak Chatterjee, Chairman, Feedback Infra says there are quite a few reasons why the power sector will do well, going ahead. Apart from that he does not think orders have dried up for the core sector.
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In order to provide breather to the debt-laden distribution companies, the government approved the financial rejig plan for the discoms last year.
