Financially weak sugar cooperatives may take loans from Maharashtra State Cooperative Bank on state guarantee. 8% Interest rate lower than that of National Cooperative Development Corporation.
Any major diversion of corn usage towards ethanol production would severely impact India's poultry sector. Modi govt's target of E20 by 2025 needs 2G biofuels.
Some mills from Maharashtra & Karnataka have already contracted to ship about 1.2 mn tonnes of raw sugar from next crop. Bumper supplies from India may potentially put a lid on prices.
India’s efforts to subsidise exports is drawing the ire of rival growers in Brazil & Australia, who say the policy is depressing world prices and hurting their farmers.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Troops patrolled up to Patrolling Point (PP) 10 on Monday. Though there are PP 10, 11, 12, 12A & 13 in Depsang Plains, it was decided that only one or two PPs would be patrolled.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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