Sugarcane fair and remunerative price hiked to ₹290 a quintal
The Hindu
Govt had hiked FRPs by 38% since ₹210 a quintal of 2013-14: Piyush Goyal
The Central government has hiked the minimum price that sugar mills must pay to cane farmers by ₹5 a quintal for the 2021-22 sugar season that runs from October to September. In a decision taken by the Cabinet on Wednesday, the new fair and remunerative price (FRP) has been set at ₹290 a quintal. “The decision will benefit five crore sugarcane farmers and their dependents as well as five lakh workers employed by sugar mills and related industries,” said Food Minister Piyush Goyal, at a press conference after the meeting. This was the highest ever FRP so far, he noted. The Centre had hiked FRPs by 38% since the ₹210 a quintal rate of 2013-14. He pointed out that this year’s hike was only half of the ₹10 increase seen last year. Mr. Goyal said that ₹91,000 crore was being paid to the sugarcane farmers in the current sugar season. The payout for 2021-2022 was expected to cross ₹1 lakh.
2025 TVS RONIN: Retro aesthetics meet cutting-edge technology with vibrant colors and enhanced safety features.
LIC introduces Smart Pension Plan with various annuity options, minimum purchase price of ₹1 lakh, and digital sales support.
Government ensures protection of exporters and people's interests, adapting to global changes, challenges, and increasing exports significantly.
Rupee closes at 86.96 against USD due to foreign fund outflows and rising Dollar index.
Uttar Pradesh CM Yogi Adityanath urges opposition to contribute positively in Budget Session for smooth legislative proceedings.
Tesla's job postings in Mumbai Suburban hint at potential entry into Indian market, following Elon Musk's visit with PM Modi.
Qatar ready to fast track negotiations for new investment agreement with India, focusing on trade diversification and technology.
India's aerospace sector is booming, with local firms like Hical and JJG Aero expanding rapidly to meet global demand.
Rupee weakens against dollar due to foreign fund outflows, negative equities trend; RBI support waning; trade deficit widens.
Samsung Electronics has decided to cancel 3.05 trillion won ($2.11 billion) worth of its own shares, the company said.
Concerns over stagnant income levels overshadowed optimism about reduced expenses among urban consumers
Finance Minister Nirmala Sitharaman addresses FII outflows from India's equity markets, highlighting good returns and investor behavior.
Adani Foundation partners with GEMS Education to establish affordable schools across India, offering high-quality education to students.