Cupboard approves Rs three,500 crore sugar export subsidy. See full listing of choices


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Cupboard approves Rs three,500 crore sugar export subsidy. See full listing of choices

The Union Cupboard on Wednesday accepted a subsidy of Rs three,500 crore to sugar mills for the export of 60 lakh tonnes of sweetener in the course of the ongoing advertising 12 months 2020-21 as a part of its efforts to assist them clear excellent dues to sugarcane farmers. “Cupboard has taken the choice to assist farmers straight by depositing cash of subsidy into their accounts. The subsidy might be given on 60 lakh tonnes of sugar exports on the charge of Rs 6,000 per tonne,” Union minister Prakash Javadekar mentioned at a briefing in the present day. 

“It would assist 5 crore farmers and 5 lakh employees in numerous sugar mills. Farmers will get three credit – inside one week farmers will get Rs 5,361 crore, Rs 18,000 crore of export working to be credited to their accounts to the extent of their dues, and Rs three,500 crore, the subsidy determined in the present day,” he mentioned. 

OTHER CABINET DECISIONS

  • Cupboard has given its nod to public sale of spectrum in 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz frequency bands, for validity interval of 20 yrs. A complete of 2251.25 MHz is being supplied with complete valuation of Rs. three,92,332.70 crores. The discover inviting software to be issued this month itself and by March 2021 we suggest to carry the public sale of those spectrums, Union Minister Ravi Shankar Prasad mentioned. 
  • The Cupboard Committee on Safety additionally gave its approval for Nationwide Safety Directive on Telecommunication Sector. Beneath this, so as to preserve integrity of provide chain safety, Govt will declare an inventory of trusted sources/merchandise for advantage of telecom service suppliers.
  • CCEA approves revised price estimate of North Japanese Area Energy System Enchancment Challenge for six States for strengthening of the Intra-State Transmission and Distribution Techniques. Implementation of this scheme will create a dependable energy grid and enhance NER States’ connectivity to the upcoming load facilities, and thus prolong the advantages of grid-connected energy to all classes of customers in North Japanese Area.

READ MORE: Govt to launch huge wi-fi community in India, Cupboard offers nod

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