Business Standard
Thursday, Feb 16, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
|Markets & Investing|||||||| 
 Section Home | News Now | Paper | Features | Q&A | PF News | PF Features | IPOs | MFs | Commodities | Trends | Stock Data | Financials | Money & Forex
Home > Markets & Investing Live Markets | Commodities
 

Cane trouble in U'khand
Shishir Prashant / New Delhi/ Dehra Dun Oct 31, 2009, 00:38 IST

The sugarcane politics has virtually put the Uttarakhand government in a bind. With the Centre announcing its fair and remunerative price (FRP), the state government is unable to announce its own state advised price (SAP), which might delay the crushing season also. The crushing season, which normally begins in the first fortnight of November, may now be delayed by another 15 to 20 days.

After Uttar Pradesh announced its SAP, the pressure built up on the Uttarakhand government to make a matching announcement. But this did not happen owing to the FRP which puts the burden on the state government in case its SAP is similar to the neighbouring state, which stands at Rs 162-170. The Centre’s FRP is far less, which is close to Rs 129.84 per quintal. The difference of SAP and FRP has to be paid by the state government according to the new amendment of the Essential Commodities Act, 1955.

On the other hand, farmers are agitated over the non-declaration of the SAP, which they demand should be Rs 200-250 per quintal.

“We are in a Catch-22 situation. We have to discuss all those issues before taking a final decision,” said a top government official. For the SAP, the state government has already constituted an expert committee which has held three meetings in Dehra Dun, Haridwar and Udham Singh Nagar districts pending the final decision.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- S&P reaches 7-month high before hitting wall
- World Bank President Zoellick to step down on June 30
- Oil cos cut jet fuel prices by Rs 350/kl
- Telcos operating profit to rise 5% in 2 yrs: Crisil
- PESB recommends SS Narsing Rao for CIL's top slot
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- We live for our family. have you secured them?
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Medium-sized businesses are the engines of a smarter planet.
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
Most Popular
Read
E-Mailed
Commented
   
- Kanika Datta: The importance of being SRK
- Tata Motors soars to record level as JLR propels profit
- Indicus Analytics: Distant learning
- Leela parts ways with Kempinski
- Tailor-made but not good enough
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us