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Mar 06, 2013
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PM intervenes to speed up sugar decontrol
Prime Minister Manmohan Singh has intervened to speed up the decontrol of sugar, the sector that has remained under stern state supervision despite two decades of liberal reforms, and asked the food ministry to act promptly on the proposal to unwind controls.
The finance ministry had raised concerns that liberalising sugar, which would end below-cost supplies from mills to the public distribution system, would raise the subsidy burden, while the proposed increase in excise duty would be inflationary. But the PMO wants the proposal to be put before the Cabinet.
Source -
http://economictimes.indiatimes.com
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