Current Affairs

Centre decided to Offer Sugar Export Subsidy

Current context: The Centre has decided to offer Rs10.45 per kg subsidy to incentivise sugar mills to export their surplus stocks.
Centre decided to Offer Sugar Export Subsidy 
  • The Cabinet Committee on Economic Affairs took the decision, as with record sugar production causing a drop in prices led to cane farmers facing huge arrears in payment.
  • Even mills are left with a liquidity crisis due to surplus stocks and crashing prices.
  • Export of up to 60 lakh tonnes in 2019-20 would be facilitated under the subsidy package provided by the government.
  • The export subsidy package will cost the government Rs 6,268 crore.
  • The export subsidy was in conformity with WTO agreements and will be provided for expenses on upgrading and other processing costs, marketing costs including handling, costs of international and internal transport and freight charges.
  • The subsidy would be directly credited to farmers’ account on behalf of mills against cane price dues.

Question: 

Q.1 The government has recently decided to provide sugar export subsidy of _____?
a. Rs10.45 per kg
b. Rs11.45 per kg
c. Rs12.45 per kg
d. Rs15.45 per kg
Centre decided to Offer Sugar Export Subsidy Centre decided to Offer Sugar Export Subsidy Reviewed by Neha on August 29, 2019 Rating: 5

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