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Cabinet Committee on Economic Affairs approved de-control of Sugar

CCEA decided to de-control sugar by doing away the levy-sugar mechanism on it. Govt. decision also dismantled the regulated release mechanism.

Apr 5, 2013 10:45 IST
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Cabinet Committee on Economic Affairs (CCEA)The Cabinet Committee on Economic Affairs (CCEA) on 4 April 2013 decided to de-control sugar and did away the levy on sugar mills and regulated release mechanism. This de-control will raise the subsidy burden to 5300 crore rupees from previous 2700 crore rupees.

De-control on sugar will not have an impact on the sugar made available in the Public Distribution System.

The de-control of sugar will abolish the rule for sugar mills that makes it mandatory for sugar millers to sell sugar to the Government at a discounted price as well as the limitation on the amount they choose to sell in the open market .

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