UP govt urges Centre, RBI to remove sugar sector from negative list

With sugar consumption falling by nearly a million tonnes (MT) following the lockdown and the consequent working capital squeeze for the sugar mills, the Uttar Pradesh government has urged the Centre to remove the sugar sector from the Reserve Bank of India's (RBI) negative list and sought infusion of fresh liquidity and working capital.

The Indian Sugar Mills Association (ISMA) had also written to the different central government departments and the Prime Minister’s Office (PMO) seeking a slew of reliefs for the beleaguered sector, including the urgent infusion of liquidity to the sector to tide over the crisis borne out of