What’s the present system of Sugar pricing control in India? What’re the new provisions suggested by noted economist ajan? How’ll. Report Summary. Report of the Committee on the Regulation of Sugar Sector in (Chairperson: C. Rangarajan) submitted a „Report on the. 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 advisory as at least three other such reports on decontrol haven’t been adopted. “The Rangarajan committee’s report is a positive move, but how it will be.
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The committee said the system of levy sugar should be done away with. Post By Simply Decoded Posts. Rangarajan, Chairman, Economic Advisory Council to PM at a press conference on issues related to deregulation of sugar sector.
Explained: Rangarajan’s Sugar Pricing formula for Mill Owners
The committee, led by C. This report is intended for distribution only to “Major Repirt Investors” as defined by Rule 15a-6 b 4 of the Exchange Act and interpretations thereof by SEC henceforth referred to as “major institutional.
The Rangarajan committee’s proposals on oil and gas exploration and production. Farmers and industry meets C Rangarajan committee. With such a system in operation, states should not declare an SAP.
Choose your reason below and click on the Report button. Empowering the farmer to do better business.
October 18, All you want to know!! In ownership of the dommittee. Regional Disclosures outside India. Decoded Summary of Kelkar committee report on roadmap for fiscal consolidation Summary of 13th Finance Commission Report. A government committee has favoured complete decontrol of the sugar industry, dispensing immediately with the levy sugar obligation and administrative control on non-levy sugar.
Under it, the mills are required to sell 10 per cent of their production to the government at below market price for the poor under the TPDS.
Rangarajan panel for total decontrol of sugar industry
The levy savings ranggarajan about crores. Recipients who are not institutional investors should seek advice of their independent financial advisor prior to taking any investment decision. Investment Banking relationship with company covered. Instead, mills must enter into contracts with farmers.
The committee suggested the removal of the concept of a minimum distance of 15 km between any two sugar mills, obligating a mill to buy cane from growers within the reservation area.
It was suggested that the cane price be fixed in relation to the input cost and the sale price of sugar and the price hence arrived should serve as a Minimum Refference Price for the whole country. The person accessing this information specifically agrees to exempt MOSt or any of its affiliates.
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. Rangarajan Sugar mills inflation. Broking relationship with company covered. Pricing of Sugar 1. The market is also heavily government controlled. President of the Kisan Jagriti Manch, Prof Sudhir Panwar said that for most farmers sugarcane is the main cash crop and an improved mechanism of cane price fixation should be worked out with present not being suitable.
Such a trade policy will be neutral to consumers and producers. The report was submitted to Singh on Wednesday and will now be examined by the food ministry, after which it will go to the cabinet.
A convergence between farmers and sugar millers on some aspects of sugar decontrol came forth at the meeting of the C Rangarajan committee for sugar decontrol on Thursday.
Constitutional, Statutory etc May 28, Aadhar Bill: Prof Panwar said that the decontrlo export and import policy is a victim of ad hoc policy making which results in the sugar sector seldom being able to advantage of a favourable international market. When the state government issues its SAP then the mills in the state are bound to pay by that amount only.
Prof Panwar also stressed on doing way the system of release mechanism of sugar produced in mills to make the industry financially competitive. The other products such as Molasses, Bagasse, Press Mud are very useful side products of sugar industry.
These controls are imposed after taking into account the domestic availability, demand and price of sugar-cane. November 16, Indian Dugar Export and import policy, it said, should not be guided by domestic availability. This document must not be acted on or relied on by persons who are not major institutional investors. This was held valid in a Supreme Court judgment in He said that the levy casts a burden on mills and as a result the farmers also take a hit hence it should be abolished.
Any business interaction pursuant to this report will have to be executed. Fri, Oct 12 This was a guest post by Mr.
ISMA’s Abinash Verma too pointed out that release mechanism should be abolished and left to market forces as it was evident that most of the time the sugar directorate could not estimate the reqirement of the sweetner. Now, the Food Ministry has proposed to double the issue price to around Rs.
Even the non-levy sugar faces restrictions on how much must be released in the market, with the objective of keeping prices under check. Will be displayed Will not be displayed Will be displayed. Leave a Reply Cancel reply Your email address will not be published. Rangarajan committee on sugar decontrol to meet on May 3.
A number of cascading import controls and export permits are used to achieve this. Motilal Oswal Securities Ltd.