Modi government announces subsidy on sugar exports, gift to 5 crore sugarcane farmers
New Delhi : In the midst of the ongoing agitation on the issue of agricultural law, the Modi cabinet has taken a big decision on Wednesday. The government has decided to export 6 million tonnes of sugar, the proceeds from this, its subsidy will be directly deposited in the account of 5 crore farmers. After the cabinet meeting, Union Minister Prakash Javadekar, Ravi Shankar Prasad informed about the decisions by holding a press conference.
The Union Minister said that this year the government has decided to give subsidy on the export of 6 million tonnes of sugar. Subsidies will directly go in farmers’ account, it will cost 3500 crores. Apart from this, income of Rs 18000 crore will also be given to the farmers.
The Union Minister said that 5 crore farmers and 5 lakh laborers will benefit. According to the minister, within a week, farmers will get a subsidy of up to Rs 5000 crore. 60 lakh tonnes of sugar will be exported at the rate of 6 thousand rupees per ton.
3500 करोड़ रुपए की सब्सिडी, प्रत्यक्ष निर्यात का मूल्य 18000 करोड़ रु. किसानों के खाते में जाएगा। इसके अलावा घोषित सब्सिडी का 5361 करोड़ रुपया एक सप्ताह में किसानों के खाते में जमा कर दिया जाएगा: केंद्रीय मंत्री प्रकाश जावड़ेकर https://t.co/FCgMy11Mz9
— ANI_HindiNews (@AHindinews) December 16, 2020
According to Prakash Javadekar, sugar production will be 310 lakh tonnes this year, the consumption of the country is 260 lakh tonnes. Due to the low sugar prices, farmers and industry are in trouble, to overcome this, it has been decided to export 6 million tonnes of sugar and subsidize the exports.
In the midst of the farmers’ agitation on the issue of agricultural law, the Modi government has decided for a large number of farmers. The government is constantly trying to convince the farmers on the issue of agricultural laws.
Prakash Javadekar said that a new budget has been approved to improve the electricity system in the Northeast. Previously, it used to cost 5 thousand crores, but now it will cost 6700 crores. According to Prakash Javadekar, the transmission line will be increased through this, the goal of 24-hour power will be met.
Union Minister Ravi Shankar Prasad said that it has been decided to auction the spectrum on behalf of the government, earlier, such auction was held in 2016. Apart from this, the government has decided to form a national committee for the telecom sector.
