Sweetening sugar reform

The Government has, finally, summoned up the courage to decontrol sugar, with mills being formally freed of the obligation to surrender a tenth of their output as ‘levy' for the public distribution system (PDS). Since this sugar was being impounded at about Rs 19 a kg, against average open market realisations of Rs 30, the levy abolition will generate additional revenues of Rs 2,700 crore, which until now mills were foregoing.

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