New variety Co-17018 is likely to replace existing Co-0238 variety, which is becoming unsustainable because of its susceptibility to red rot and top borer diseases.
Sugar, a politically sensitive commodity, is heavily regulated by the government. The central government also fixes the quantity each mill can sell in the open market.
The govt said the rise would boost supplies and help sugar companies to pay their dues to farmers. India also wants to double ethanol blending with gasoline.
Maharashtra and Karnataka, the country's biggest and the third-biggest sugar producing states, have had heavy rains pushing back harvests by a fortnight.
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.
The Cabinet Committee on Economic Affairs raised the price of ethanol extracted from sugarcane juice to Rs 63.45 per litre from the current Rs 62.65 per litre.
Paddy, wheat farmers from Lakhimpur Kheri noted they are often forced to sell their produce to commission agents as government officials cite various excuses to avoid buying their produce.
The BKU chief remarks come in the wake of Yogi Adityanath announcing a Rs 25 per quintal hike in the purchase prices of sugarcane in UP, taking it to Rs 350 per quintal.
With his cameo in Bads of Bollywood, Emraan Hashmi, who has long shifted away from his signature bold image, got the chance to revive his boyhood charm.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
There were no plans to have Mk1A version. However, compromise was reached between HAL & IAF in 2015 since original plan for getting Mk2 would've been time-consuming affair.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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