Sugar Co-ops: Pawar stranglehold weakens

NCP leader Ajit Pawar-led panel lost the election to the board of directors of Malegaon sugar cooperative factory in Pune’s Baramati taluka, denting the traditional domination of the Pawar family in the state’s powerful sugar lobby, says a report from Press Trust of India. The Pawar-dominated panel had held control of the factory for last […]

Read more

Sugar production registers 13% growth

Cooperative sugar mills have made an important contribution towards 13 percent increase the country’s sugar production has registered over the last six months. It stands at 2.47 crore tonnes. India is the second largest sugar producing nation in the world after Brazil. Last year in the corresponding period the country’s total sugar production stood at […]

Read more

Paswan to confer awards to co-op sugar mills

Official sources in Delhi have announced union food and civil supplies minister Ram Vilas Paswan will soon confer national awards on Haryana’s four cooperative sugar mills for their excellent performance bridging different activities during the crushing season 2013-14. The award giving function will be held in Delhi said sources. The laurels annexing units include Shahabad, […]

Read more

Modi Govt: Sugar co-op prospects brighten

The prospects of the ailing sugar cooperative seem to have brightened with the Modi govt. assuming office in Delhi. If the cooperative got operational again, it would create employment for thousands of local people, sources underlined. Sources say duty exemptions on sugar and check on imports as announced in the recent central budget may spark […]

Read more

ISMA demands parity with co-operatives

Beleaguered sugar mills in Uttar Pradesh have urged the state govt to help tide them over to get out of their current financial difficulty.   They have demanded parity with cooperative sugar mills in receiving financial help from the govt. The Indian Sugar Mills Association has sent a letter to the govt detailing their problems. […]

Read more

Haryana: Huge fund for sugar co-ops

Haryana chief minister Bhupinder Singh Hooda has said the state govt would give cooperative sugar mills Rs. 180 crore to help them make payment to the sugarcane farmers for the crushing season 2013-14. The govt has already issued instructions to the authorities concerned to make payment without delay. According to the chief minister, the officials […]

Read more

NFCSF under watch

Following a spate of complaints, the competition commission of India has begun probing cases of price manipulation by sugar mills including the cooperative sugar mills and various oil marketing companies while bidding for ethanol blending with patrol. According to the commission sources, notices have already been issued to the 18 erring sugar mills. The notices […]

Read more

Sugar Co-operative: Pawar slams unreasonable demand

The Union Agriculture Minister Sharad Pawar has severely criticised the Farmers Union`s unreasonable demand for their sugar cane price while addressing the Vasantdada Sugar Institute (VSI) during the General Body Meeting in Pune. According to Pawar, their demand should not exceed Rs 2,600 per ton as offered by the Cooperative Sugar Factories, as any amount […]

Read more

MSCB readies to finance sugar cooperatives

The Maharashtra state cooperative bank (MSCB) has announced it would provide more than two dozens of sugar cooperatives with positive net worth in the state with working capital of Rs. 3,200 crore for the current season. According to the bank MD Pramod Karnad, the sugar units with negative net worth would be denied the financial […]

Read more

Sugar Co-op: Liquidation follows Court directive

Una Sugar Cooperative in Gir Somnath district of Gujarat has fallen into such a state of disrepair that it is past redemption. As directed earlier by the Gujarat High Court, the state government has decided to liquidate it. According to official sources, all assets of the ailing sugar factory including plant, machinery and godowns would […]

Read more

Sugar co-op demands spike in import duty

The cheap import of sugar into the Indian market by some traders has affected the country’s retail market. This is the reason that Maharashtra State Cooperative Sugar Factories’ Federation wants the central govt to spike import duty to 60 percent as discouragement to this unfair trade practice. Fearful that the Indian sugar produce may not […]

Read more

Sugar: Co-op banks reduce financial assistance

The Maharashtra State Cooperative Bank, (MSC) the apex bank of the cooperative sector has decided to pitch in with an offer of more than a thousand crore rupees to about 8 cooperative sugar factories in Kolhapur and Sangli districts in the state. Sources say, the remaining sugar producing units would get financial help from district […]

Read more

Sugar Co-op: Hazare makes CM listen

Maharashtra Chief Minister prithviraj Chavan has finally promised action in the case of alleged “fixed” auctioning of sick sugar cooperative mills in the state. While the struggle of Anna Hazare for a Lok Pal is yet to fructify, he along with Medha Patkar have succeeded in making the CM listen. Maharashtra chief minister Prithviraj Chavan […]

Read more

Sugar co-op facing challenges from pvt sector: Pawar

If the cooperative sugar sector did not improve and brace itself against competition hailing from the private sector it would go belly up warned union agriculture minister Sharad Pawar while addressing the 57th annual meeting of the federation of cooperative sugar factories in Maharashtra. The minister said sugar cooperatives should professionalize, eschew extravagance and strengthen […]

Read more
Page 1 of 712345...Last »

Facebook

Twitter