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.
Before social media, depiction of violence on news was the exception—graphic visuals were either not shown on TV or in newspapers or the images were blurred. This is no longer the case.
Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
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