Rangarajan panel for total decontrol of sugar industry

The Rangarajan Committee, set up earlier this year by the prime minsiter’s office (PMO), has recommended total decontrol of the sugar industry by doing away with the levy sugar obligation, release mechanism and freeing of export-import. While recommending the Centre’s Fair and Remunerative price (FRP) as the base price for sugarcane, the panel has suggested a profit-sharing mechanism so that farmers, too, benefit from higher sugar prices.

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