Discussing ways to address sugarcane arrear issue: Paswan

Discussing ways to address sugarcane arrear issue: Paswan

Published
Hot News Text
1 min read
New Delhi: Union Minister for Consumer Affairs, Food and Public Distribution Ram Vilas Paswan briefs the Media on the issues related to his Ministry, in New Delhi on April 23, 2018. (Photo: IANS/PIB)
New Delhi, April 23 (IANS) In a bid to help sugar millers in paying off their arrears, the government is contemplating measures like cess on sugar sale, subsidy to cane farmers and tax-reduction in ethanol production, Union Food Minister Ram Vilas Paswan said on Monday.
A Group of Ministers including Paswan, Transport Minister Nitin Gadkari, and Petroleum Minister Dharmendra Pradhan held meeting here to find ways to help sugar mills in clearing the pending dues to farmers, which has gone over Rs 18,000 crore now.
Paswan said the suggestions discussed in the meeting were imposing cess on the sugar to raise the corpus for Sugar Development Fund (SDF), giving subsidy to farmers to lower the cost of production and and reducing the GST from 18 per cent to five per cent to increase production of ethanol.
He said the proposal would be put before the Cabinet soon.
According to an official, sugarcane payment arrears has surged to Rs 18,004 crore as on April 14.
He said payment arrears of Rs 8,869 crore is owned by sugar mills in Uttar Pradesh while it is Rs 2,420 crore in Karnataka and Rs 2,213 crore inr Maharashtra.
Sugarcane production in the country this year has reached 29.09 million tonnes so far and it is likely to cross 30 million mark by end of this month.
--IANS
spk/vd

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.

Liked this story? We'll send you more. Subscribe to The Quint's newsletter and get selected stories delivered to your inbox every day. Click to get started.

The Quint is available on Telegram & WhatsApp too, click to join.

Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!