Government plays sugar daddy to states, announces package without any reform

Dec 07 2013, 08:55 IST
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SummarySharad Pawar on Friday recommended interest-free loans of Rs 7,200 crore to the beleaguered sugar industry

of a new product, 'raw sugar', and grab opportunities whenever they are available, he said.

However, he added that the long-term solution for the cash-starved industry would be the implementation of the revenue-sharing formula for cane pricing.

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