“Not only will the sugar sale in UP suffer, the cane price payments to millions of farmers shall be jeopardised,” the letter said. A unilateral incentive or rebate will vitiate the market dynamics and major sugar-producing states shall have a great disadvantage, it said.
Ajay Seth, a 1987 batch IAS officer of Karnataka cadre, on Friday assumed charge as Secretary Economic Affairs at a time when the economy which was showing signs of recovery is being threatened by the second wave of COVID-19. Seth replaces Tarun Bajaj, who moved as Revenue Secretary in the Ministry of Finance.