New Delhi: The Cabinet Committee on Economic Affairs
(CCEA) has accepted higher prices for ethanol
produced from numerous sources for mixing with petrol, a transfer which might give an enormous increase to the sugar industry
and assist it clear pending funds of Rs 13,000 crore to cane farmers. The new prices, that are as much as 8% greater than present charges, shall be relevant from December 1 till finish of November subsequent yr. Higher ethanol charges will assist the sugar trade, which has struggled due to surplus manufacturing for years.
To assist thousands and thousands of farmers and staff concerned in jute, a significant crop in West Bengal and neighbouring states, the cupboard accepted obligatory use of diversified jute luggage for all meals grain and 20% of sugar to assist staff and farmers within the sector. The CCEA additionally accepted two phases of the Dam Rehabilitation and Improvement Project with help of the World Bank and AIIB.