Amid surplus, sugar millers allowed to export their quota till December 2020 for 2019-20 marketing year

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Sugar millers may now export sugar up to their allocated quota till December as the government has extended the deadline by three months, PTI reported, citing a senior food ministry official. Amid a surplus sugar production, the government has allowed the export of 6 million tonnes of sugar under the quota for the 2019-20 marketing […]

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India increases loan windows to state-run electricity distribution companies to Rs 1.2 lakh crore

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The union government has proposed to increase the total loans being offered to state-run electricity distribution companies (discoms) by Rs 30,000 crore to Rs 1.20 lakh crore from the Rs 90,000 crore announced earlier to cover the additional dues of these entities to power generators for the April-June period. The Centre had announced the scheme […]

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Basmati exporters concerned over their Iranian dues after death of Qassem Soleimani

The death of Iran’s most powerful military commander could send jitters to India’s multi-billion dollar basmati rice export industry, reports Financial Express. With dues soaring over Rs 800-900 crore, industry insiders have said that the news of the assassination of Qassem Soleimani could make matters worse for an industry which sent one-third of its total shipments […]

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