Under the global trade norms, a WTO member country's food subsidy bill should not breach the limit of 10 per cent of the value of production based on the reference price of 1986-88.
from Agriculture-Economy-News-Economic Times https://ift.tt/3aPxBqJ
The Assam Bio Refinery, a joint venture between Numaligarh Refinery Ltd, Fortum, and Chempolis, plans to manufacture ethanol from bamboo starting in March. The refinery has generated interest from energy sector investors, and the company expects returns on investment to increase from value-added products. India is promoting the production of ethanol from non-food biomass to address shortages of food sources like sugar, maize, and rice. from Agriculture-Economy-News-Economic Times https://ift.tt/Msz0Jl6
The National Company Law Appellate Tribunal (NCLAT) has set aside a penalty of Rs 38.05 crore imposed by the Competition Commission of India (CCI) on 18 sugar mills and two trade associations. The penalty was related to bid rigging in a joint tender for ethanol procurement. The NCLAT ruled that the CCI's order was illegal and did not comply with the principles of natural justice. from Agriculture-Economy-News-Economic Times https://ift.tt/UwRa5Jc
"Maharashtra produces 90 to 100 lakh tonnes of sugar every year. We are moving ahead to cut the production by 10 lakh tonnes every year, and take up ethanol production and provide it to petroleum companies," Maharashtra State Co-operative Sugar Factories Federation Chairman Jayprakash Dandegaonkar said. from Agriculture-Economy-News-Economic Times https://ift.tt/3kU4wy6
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