‘Sugar decontrol likely before Budget’
Express news service :New Delhi, Feb 08 2013, 02:12 IST
Food minister KV Thomas on Thursday said the government is likely to take a decision on decontrolling the sugar industry before the Budget.
His ministry has proposed unshackling of the industry from decades-old control in what is being billed as a major reform initiative.
The sugar industry sells 10 per cent of its output to the government at state-determined prices for sale through public distribution system.
The government also determines the quantity of sugar that mills can sell in the open market on a quarterly basis to check hoarding and to keep supplies steady.
The food ministry, in a note circulated among ministries, has proposed dispensing with the regulatory release mechanism and abolishing the levy system.
Asked if the Centre would take a decision in this regard before the budget, Thomas said “most probably.”
Previous Story Vodafone to challenge tax dept in transfer pricing case Next Story DLF appeals COMPAT to set aside CCI order amending buyer pact
Reader's Comments| Post a Comment
Be the first to comment.
