Deepa Jainani

UP cane arrears stand at Rs 9,500 crore: 5 big private mills owe Rs 5,000 crore to farmers

Of the privately-owned sugar mills, five big groups — the Yadu Group, Simbhaoli Sugars, Modi Group, Bajaj Group and Mawana Sugars — owe up to Rs 5,000 crore.

Cane dues on the same date last year stood at Rs 12,075 crore. News

Yogi govt fixes minimum base price for reserved molasses

Initially representatives of both the industry associations were asked to solve the issue amicably amongst themselves in such a way that the lifting of reserve molasses and the government’s revenue collection target is not

Yogi govt, minimum base price, reserved molasses, sugar mills, ENA cost, country liquor News

Here’s what UP govt plans to help sugarcane growers

The proposal to introduce a UP sugar and sugarcane development fund aims at helping the ailing sector, especially sugarcane growers who have been battling delayed payments year over year.

Economy News

Power rates in Uttar Pradesh likely to increase by up to 25%

UPPCL had not sought any tariff revision last year in light of the forthcoming Lok Sabha polls and also kept on hold the proposal for the current year till the polls were over.

Economy News

Train to Taj Mahal given green signal! Agra Metro to be ready by 2024

Scheduled to be ready by 2024, the Agra Metro will be welcomed by the city’s residents and tourists alike.

Infrastructure News

Uttar Pradesh mills still owe Rs 9,500 crore sugarcane dues

The industry's worsening conditions have been triggered by factors such as years of bumper cane harvests and record sugar production

sugarcane, sugarcane sector, sugarcane industry News

Mills to pay interest on delayed cane payments for 2012-15: Uttar Pradesh to HC

In an affidavit filed before an Allahabad HC Bench, UP cane commissioner Sanjay Bhoosreddy said while profit-making sugar mills would pay an interest of 12% on their dues to farmers, loss-making units would have to pay an int

Industry News

PPGCL plant: UP regulator asks Tata Power firm to offer discount on fixed charges

The regulator’s move is aimed at ensuring that acquirer passes on the benefit of taking over the asset at a discount to the end consumers.

PPGCL plant, Tata Power firm, discom, UPERC, ICICI Venture Funds Management Co, sbi News

Modi launches PM-KISAN scheme, over 1 crore farmers get 1st instalment of Rs 2,000

Invoking former Prime Minister Lal Bahadur Shastri, who gave the slogan ‘Jai Jawan Jai Kissan’, the Prime Minister said the entire country stands with our farmers today.

Economy News

PM Modi flags-off first ever diesel-to-electric converted locomotive

Prime Minister Narendra Modi on Tuesday flagged off the first-ever diesel-to-electric converted locomotive at the Diesel Locomotive Works (DLW) in his Lok Sabha constituency, Varanasi.

The high-profile project of the railways was part of its Mission 100% electrification and de-carbonisation agenda. News

Uttar Pradesh extends soft loan scheme for sugar millers

Speaking to FE, an official of the cane department said that these sugar mills had already applied for the soft loan but the same could not be processed within the said period in November due to certain reasons, the governmen

Uttar Pradesh, soft loan scheme, soft loan scheme factory workers,wages, cane farmers, lucknow, lucknow sugar millers, Shamli sugar mill, Simbaoli group, Moradabad, Bijnore, Shamli, Baghpat, Bulandshar, Bajaj group mills , modi group, rana group, Bajaj group, yogi News

UP government presents Rs 4.79L-crore budget

Considering that this is an election year and the 2019 Lok Sabha polls are just a couple of months away, the government has allocated Rs 247.60 crore for the maintenance of cow shelters in rural areas and Rs 200 crore allocat

UP government, UP government budget 2019, Yogi Adityanath, Rajesh Agarwal, FRBM act, Bundelhand expressway News

Pravasi Bhartiya Diwas: PM Modi describes NRIs as India’s brand ambassadors

Inaugurating the 15th Pravasi Bharatiya Diwas convention in his parliamentary constituency Varanasi here on Tuesday, Prime Minister Narendra Modi described NRIs as India’s brand ambassadors and representatives.

pravasi Bharatiya Divas, pravasi Bharatiya Divas 2019, pravasi Bharatiya Divas convention News

Lok Sabha Elections 2019: SP, BSP to contest 38 seats each, no pact with Congress

Rivals put past behind, vow a ‘long-term’ alliance

India News

Power sector employees go on two-day strike from Tuesday

Public sector power utility employees across the country, including engineers, will start a two-day nationwide strike on January 8 to voice their demands and highlight alleged privatisation attempts.

Economy News

Uttar Pradesh asks Centre to raise state’s sugar sale quota

In a letter to food minister Ram Vilas Paswan, UP sugarcane and sugar development minister Suresh Rana states that the mills in the state produced 120.50 lakh tonnes of sugar and is still left with an unsold inventory of 9.61

sugar, sugar industry, sugar import, sugar import duty, Indian production, India's sugar production News

UP govt cracks the whip on nine negligent sugar mills

The Uttar Pradesh Cane and Sugar Commissioner has cracked the whip on negligent nine mills. The authority has issued instructions to take legal action and register FIRs under the Essential Commodities Act against the mills an

Markets News

NTPC close to buying out UP government’s 50 per cent equity in Meja power project

The Meja Urja Nigam (MUNPL) is a 50:50 joint venture between NTPC and Uttar Pradesh Rajya Vidyut Utpadan Nigam in Allahabad

Industry News

Adani, PowerGrid selected for transmission projects in Uttar Pradesh

Both these projects, which have been awarded through the tariff-based competitive bidding process, will bring an investment of Rs 1,401 crore in the state.

Industry News

UP solar tender oversubscribed

In what can be seen as a validation of Uttar Pradesh government's optimism regarding setting a competitive upper tariff of Rs 3.10/kWh for its 550 MW solar tender.

Industry News

National Waterways 1: Rs 5369 cr project aims to smoother navigation over river Ganges

To overcome the unique navigation challenges the Ganga throws up, the IWAI has signed a contract with DST, Germany to design vessels specially suited to the waterway.

Infrastructure News

After much dilly-dallying, Uttar Pradesh may retain cane price of last year

Coming under the glare of the Allahabad high court over the cane price issue, the Uttar Pradesh government has desisted from increasing the State Advised Price (SAP) for cane and decided to go with the last year’s rates.

Markets News

Huge response! UP’s 550 MW solar tender oversubscribed

Uttar Pradesh government’s tender calling for bids for 550 MW grid-connected solar photovoltaic (PV) power received a huge response with as many as eight developers submitting bids for 795 MW.

solar tender, Uttar Pradesh government, solar photovoltaic power, Tata Power, Mahoba Solar, UPNEDA News

Lucknow’s Chaudhary Charan Singh airport set for Rs 1383 crore makeover; it will be thrice as large by 2021!

AAI’s Rs 1,383-cr project to build new terminal is scheduled for completion in 3 years’ time.

Airlines/Aviation News

Sweet & Sour: UP offers Rs 4000 crore loan, subsidy to clear cane dues

Soft loans will be provided through banks and other financial institutions on an interest rate of 5% for five years.

sugar, sugarcane industry, economy News

UP sugar mills welcome government’s move on ethanol

With the Cabinet Committee on Economic Affairs giving its approval to fix the ex-mill price of ethanol derived out of B heavy molasses to Rs 52.43 per litre from prevailing price of Rs 47.13 per litre, millers in Uttar Prades

Commodities News

Jewar International Airport: 75% land acquired, project a certainity now

Jewar international airport, due to come up in Gautam Buddha Nagar district, is finally inching closer to reality as farmers from the region are steadily agreeing to give up their land for the project.

jewar airport, jewar international airport, aviation sector, aviation industry News
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