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Business Daily from THE HINDU group of publications Wednesday, November 25, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Update at 1305 hrs (IST)
Agri-Business Bill to replace cane ordinance likely next week NEW DELHI: The Government hopes to table the Bill to replace the sugarcane ordinance on prices in Parliament next week, the Food and Agriculture Minister, Mr Sharad Pawar, said. Mr Pawar, who had on Wednesday convened a meeting to evolve a consensus on the ordinance issued to replace the Statutory Minimum Price with a Fair and Remunerative Price (FRP), said: on every issue, there cant be a consensus. However, discussions are h eld to sort out the issues raised by the leaders. He said: I would convene a meeting of MPs of southern states, who have raised objections to the demand for restoration of Section 5A. The Section, which deals with profit sharing between the millers and the sugarcane growers, was repealed in the ordinance. The CPI leader, Mr Gurudas Dasgupta, who was also present in the meeting, said his party supported the system of FRP as farmers would henceforth get instant payment while in the earlier system, there was deferred payment. However, he said the Government must balance the price between sugarcane and sugar as consumers suffer when sugar prices soar. PTI
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