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Cabinet Okays Sugar Prices De-Control

PUBLISHED BY: SURENDER KUMAR
APRIL 04, 2013

   
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In a significant policy decision and a concession to the strong sugar lobby, the government has decontrolled the price of sugar. The move is likely to raise the sugar prices as its decontrol implies that the manufacturers can decide the prices without any government intervention.

 

 


The move also means more expenditure for the government as it provides sugar to the poor at subsidised rates. Sugar manufacturers, however, argue that it will benefit the farmers as they will get better prices.



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