- Khammam: Ponguleti Srinivas Reddy dilly-dallies on his future course
- Yuvraj Singh wishes Balayya on his special day; his tweet goes viral
- Netflix gains 100K new subscribers in 2 days as it curbs password sharing
- Good news for Nani fans; Vivek Athreya coming with an action script this time!
- Puttaparthi: Farmers told to use tools to reduce cultivation costs
- Introduce telemedicine services in nephrology wing: TTD EO
- Gurugram: Property registration in 65 illegal colonies banned
- Govt promoting caste-based professions: Minister Talasani Srinivasa Yadav
- ‘BJP is daydreaming, they don’t understand South India’: BRS
- Amit Shah set to visit Khammam on June 15
100% import duty on sugar proposed
The food ministry has proposed doubling of the import duty on sugar to 100 per cent to curb cheaper imports, check falling wholesale prices of sweetener and ensure timely payment to cane farmers, sources said.
New Delhi: The food ministry has proposed doubling of the import duty on sugar to 100 per cent to curb cheaper imports, check falling wholesale prices of sweetener and ensure timely payment to cane farmers, sources said.
Wholesale prices have fallen below the cost of production in view of estimated six million tonnes more production in the 2017-18 season (October-September). In retail market, sugar is being sold at Rs 40 to 42 per kg.
According to the sources, a recommendation has been made to the finance ministry that, import duty on sugar be raised from the current 50 per cent to 100 per cent to protect domestic sugarcane farmers. A notification in this regard may be issued soon, they said.