Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Cabinet increases FRP for sugarcane to Rs 340/qtl, gives boost to women safety, space sector and Nat.


Date: 22-02-2024
Subject: Cabinet increases FRP for sugarcane to Rs 340/qtl, gives boost to women safety, space sector and Nat
Union cabinet decided to increase fair and remunerative prices for sugarcane for the next season by Rs 25 to Rs 340 per quintal, from Rs 315 earlier, said Anurag Thakur while addressing media on Wednesday.


"It has been decided to fix the price for the upcoming sugarcane season, in the period from October 1, 2024, to September 30, 2025, to ensure the fair and reasonable price of sugarcane to the farmers by the sugar mills...It has been decided to fix the price at Rs 340 per quintal for the year 2024-25 as compared to the previous year which was Rs 315, which has increased to Rs 340 per quintal this year," said Thakur.
 ..

FRPs for sugarcane are typically fixed to ensure a guaranteed price to sugarcane growers and thus it does not take into account whether sugar mills will generate profit or stay in the red. Analysts opine that higher FRPs generally hurt the margins of the sugar mills.

The FRP of sugarcane is fixed to ensure a guaranteed price to sugarcane growers. According to a 2022 report, the government has increased FRP by more than 34 per cent in the last eight years.

It also includes establishment of entrepreneurs for fodder seed processing Infrastructure (Processing & Grading unit/Fodder storage godown) with 50 per cent capital subsidy up to Rs 50 lakh to the private companies, start-ups /SHGs /FPOs /FCOs /JLGs /Farmers Cooperative societies (FCO), Section 8 companies establishment of Infrastructure like construction of building, receiving shed, drying platform, machinery etc.


"For increasing the fodder cultivation areas, the state government will be assisted for fodder cultivation in the non —forest land, waste land/range land/ non arable as well as forest land "Non-Forest Wasteland/Rangeland/Non-arable Land" and "Fodder Production from Forest Land" as well as in the degraded forest land. This will increase the fodder availability in the country," the minister said.


The Livestock Insurance programme has also been simplified. The beneficiary share of the premium for the farmers has been reduced to 15 per cent as against the current beneficiary share of 20 per cent, 30 per cent, 40 per cent and 50 per cent. Remaining amount of the premium will be shared by the Centre and the State at 60:40 for all states, 90:10.


The number of animals to be insured has also been increased to 10 cattle unit instead of 5 cattle unit for cattle sheep and goat.


The cabinet approved the proposal of Ministry of Home Affairs (MHA) related to continuation of implementation of Umbrella Scheme on ‘Safety of Women’ at a total cost of Rs 1179.72 crore during the period from 2021-22 to 2025-26.


Out of the total project outlay of Rs 1179.72 crore, a total of Rs 885.49 crore will be provided by MHA from its own budget and Rs 294.23 crore will be funded from Nirbhaya Fund.


"Safety of Women in a country is an outcome of several factors like stringent deterrence through strict laws, effective delivery of justice, redressal of complaints in a timely manner and easily accessible institutional support structures to the victims. Stringent deterrence in matters related to offences against women was provided through amendments in the Indian Penal Code, Criminal Procedure Code and the Indian Evidence Act," an official government release stated.

Source Name : Economic Times
 

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 03-02-2025
[F. No. CBIC-190354/236/2021-TRU]
Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024.

Date: 01-02-2025
Notification No. 13/2025-Customs
Seeks to further amend notification No. 153/94-Customs dated the 13 th July, 1994.

Date: 01-02-2025
Notification No. 12/2025-Customs
Seeks to further amend notification No. 19/2019 dated 06 th July 2019.

Date: 01-02-2025
Notification No. 11/2025 – Customs
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002 so as to add capital goods to the already existing list of capital goods exempted from basic customs duty for manufacture of lithium-ion battery of mobile phones and electrically operated vehicles.

Date: 01-02-2025
Notification No. 09/2025-Customs
Seeks to further amend notification No. 16/2017-Customs, dated the 20 th April, 2017 so to exempt certain drugs for supply under Patient Assistance Programme run by specified pharmaceutical companies.

Date: 01-02-2025
Notification No. 07/2025-Customs
Seeks to further amend notification No. 11/2018-Customs dated 02 th February, 2018 so as to exempt specified goods from the whole of levy of Social Welfare Surcharge.

Date: 01-02-2025
Notification No. 04/2025–Customs
Seeks to exempt the import duty on goods which are being rationalized in the tariff.

Date: 01-02-2025
Notification No. 03/2025-Customs
Seeks to further amend notification No. 27/2011-Customs dated 30 th June, 2017 so as to reduce the export duty on crust leather.

Date: 01-02-2025
Notification No. 10/2025 – Customs
Seeks to further amend notification No. 57/2017 dated 30 th June, 2017 so as to change BCD rates on inputs/parts used for manufacture of parts of cellular mobile phones along with other high technology telecom equipments.

Date: 23-01-2025
NOTIFICATION NO. 08/2025 – CENTRAL TAX
Central Tax Notification for waiver of the late fee



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001