What’s the present system of Sugar pricing control in India? What’re the new provisions suggested by noted economist ajan? Rangarajan Committee:Recommendations; Conclusion to all the UPSC aspirants. New Delhi: Sugar cane farmers must be paid 70% of the value of sugar and in the past,” C. Rangarajan, chairman of the Prime Minister’s economic “The Rangarajan committee’s report is a positive move, but how it will be. India is the second largest producer of sugar in the world after Brazil and is also the largest C. RANGARAJAN COMMITTEE REPORT.
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Sugar industry is an important agro-based industry that rangarajwn rural livelihood of about 50 million sugarcane farmers and around 5 lakh workers directly employed in sugar mills. The export and import of sugar is decided by the government depending upon the domestic demand.
The scheme was operated by DGFT. The sugar must be packaged in jute bags. The report was submitted to the Prime Minster on The research analysts, strategists, or research associates principally responsible. Consequent upon sugar prices reaching substantially higher levels than required for operational viability of the sugar industry, the Central Government had withdrawn production subsidy scheme vide notification dated Empowering the farmer to do better business.
Rangarajan Committee recommendations positive– Detailed Report
Such research analyst may not be associated persons of the U. Broking relationship with company covered. Get notified ln I post new article! Give farmer option to trade with any mill. Instead, pass on the subsidy to state government, which can buy the sugar from the market and give it subsidized.
Leave a Reply Cancel reply Your email address will not be published. The procedure of procurement of ethanol under the EBP has been simplified to streamline the entire ethanol supply chain and remunerative ex-depot price of ethanol has been fixed. Ltda sugar broker that also exports. This report is for personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you.
Central Government has abolished levy on sugar produce after 1st October, There are installed sugar factories in the country as on This should, however, not be treated as endorsement of the views expressed in the report. Any investment or investment activity to. This is the minimum price that they pay to the farmers for the sugarcane. Polo and therefore, may not be subject to NASD rule and NYSE Rule restrictions on communication with a subject company, public appearances and trading securities held by a research analyst account.
So most probably these recommendations will also bite the dust like others. Recipients who are not institutional investors should seek advice of their independent financial advisor prior to taking any investment decision. This report is intended for distribution only to persons having professional experience in matters relating to investments as described in Article 19 of the Financial Services and Markets Act Financial.
The cane price announced by the Central Government is decided on the basis of the recommendations of the Commission for Agricultural Costs and Prices CACP in consultation with the State Governments and after taking feedback from associations of sugar industry. By-products There should be no quantitative or movement restrictions on by products like molasses and ethanol.
The Government of India has reviewed the Sugar Subsidy Scheme and has decided that it is imperative to give access to consumption of sugar as a source of energy in diet, for the poorest of the poor section of the society i. Employment is also generated in various ancillary activities relating to transport, trade servicing of machinery and supply of agriculture inputs.
Remembering the earlier diagram of the sugar process and the government control, the Rangarajan committee report recommendations can be easily mapped. Under the FRP system, the farmers tangarajan not required to wait till the end of the season or for any announcement of rangarajaan profits by sugar mills or the Government. Among other recommendations, the committee suggested long-term contracts between cane growers and millers, dismantling of the levy obligation for sourcing sugar for the pub lic distribution system at a price below market levels, and exports of sugar at modest tariffs.
The year was a water-shed for the sugar industry.
Pay 70% of sugar value to cane farmers: panel
The results have been quite encouraging, with supplies doubling every year. Over a period of time, states should encourage development of such market-based long-term contractual arrangements, and phase out cane reservation area and bonding.
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