Sugar industry has never found a favourable space in Budgets
The sugar industry has never found a favourable space in any FM’s Budget, even though it is the only industry that supports the farmer in the most organised manner, supplying seeds, lending for irrigation, arranging for harvest and transport of sugarcane, and storage of processed sugar throughout the year. The industry has been bearing the 10% subsidy of sugar procured by the government for PDS and yet no mention of it in the Budget! The pre-Budget memorandum submitted to the FM from the sugar industry asks for inclusion of sugar warehousing under Section 35 AD of the IT Act introduced in the previous Budget. This has been ignored. Despite many demands for support for farm mechanisation, no real measures have been announced, except for import duty reduction from 5% to 2.5% for agricultural machinery
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