The Perfect Enemy | Sugar exports News LIVE Updates: Government resumes sugar exports; allows 6 mn tons on quota basis till May 31
December 3, 2022

Sugar exports News LIVE Updates: Government resumes sugar exports; allows 6 mn tons on quota basis till May 31

Sugar exports News LIVE Updates: Government resumes sugar exports; allows 6 mn tons on quota basis till May 31  Economic Times

Read Time:16 Minute
Sugar exports News LIVE Updates: The government on Saturday allowed export of 6 million tonnes of sugar on quota basis till May 31, according to a food ministry notification.

As per the notification, the ministry has allocated a uniform export quota of 18.23 per cent of the three years average production of the sweetener in operational sugar seasons.

Sugar mills can export themselves or through exporters or swap with domestic sale quota of any other mills, it said.

Sugar season runs from October to September.

“In order to prevent uncontrolled export of sugar or with a view to ensure sufficient availability of sugar for domestic consumption at a reasonable price, government has decided to allow export of sugar upto a reasonable limit with effect from November 1 till May 31, 2023,” it said.

According to official sources, the first tranche of quota has been allowed only till May-end. Further allocation of quota for export will be decided based on the domestic sugar production.

The sugar production in the new 2022-23 season commenced in Maharashtra and Karnataka from October onwards, whereas in Uttar Pradesh and rest of the cane growing states, it will kick off in a week’s time.

In October month alone, mills had manufactured 4.05 lakh tonnes of sugar, which was lower by 14.73 per cent from the year-ago period, according to cooperative body National Federation of Cooperative Sugar Factories Ltd.

The government had restricted sugar exports towards the end of the 2021-22 season (October-September) to ensure sufficient stocks for domestic consumption and prevent any rise in retail prices during the festive period.

Despite restrictions, about 11 million tonnes of sugar were exported during the entire 2021-22 season, according to official data.

Sugar production stood at a record 35.92 million tonnes in the 2021-22 season. Maharashtra, Uttar Pradesh and Karnataka are the top three sugar producing states in the country.

!1 New UpdateClick here for latest updates

Maharashtra logs 219 new COVID-19 cases, three fatalities

Maharashtra recorded 219 new cases of coronavirus and three fatalities, taking the tally of infections to 81,33,173 and toll to 1,48,394, an official from the state health department said. As per a report issued by the department, the casualties were reported from Mumbai, Pune and Osmanabad circles, in the last 24 hours.

Reservations of Economically Weaker Section

Supreme Court to pronounce order on Monday on the issue relating to the constitutional validity of reservations of the Economically Weaker Section (EWS) in higher education & issues of public employment on the basis of financial conditions.

Gurugram: Demolishing D-tower of Chintels Paradiso society

Pakistan Electronic Media Regulatory Authority (PEMRA) has imposed a ban on all TV channels from broadcasting and rebroadcasting PTI chief Imran Khan’s speeches and press conferences, reports Pakistan’s Geo News

Senior Congress leader Adhir Ranjan Chowdhury says his party will never allow division of West Bengal

NIA charge sheet against Dawood Ibrahim, Chhota Shakeel, 3 others in case related to global terrorist network and crime syndicate: Official (PTI)

Warren Buffett’s firm reports $2.7 bn loss

Warren Buffett’s company again reported a loss — this time only USD 2.7 billion — because of a drop in the paper value of its investment portfolio in the third quarter, but most of its operating businesses performed well with the notable exception of Geico. Berkshire Hathaway reported a quarterly loss on Saturday of USD 2.7 billion, or USD 1,832 per Class A share.

Ukraine introduces additional electricity rationing: Operator (AFP)

Google expands India-first flood tracking tool to more countries

San Francisco, Google has expanded its AI flood forecasting services, first introduced in India back in 2018, to 18 additional countries across Africa, Latin America and Southeast Asia.

UP dengue

UP Deputy CM Brajesh Pathak accuses opposition of ‘unnecessarily’ spreading fear of dengue among public, claims situation is under control

Former CM Amarinder Singh warns against return of dark era of 1980s in Punjab, says “the way things are unfolding in the state today is quite worrisome”, cautions AAP govt against any ‘laxity’

CEC Rajiv Kumar pays tribute to Shyam Saran Negi, India’s first voter, who passed away today at the age of 106

Family really excited about Downing Street home: Sunak

Rishi Sunak gave an insight into how his Indian wife Akshata Murty and daughters Krishna and Anoushka are settling into life at 10 Downing Street just over a week after he took charge as the British Prime Minister. The Indian-origin former chancellor has overturned the norm by moving back into the smaller flat above 10 Downing Street, which is usually used as the home of the Chancellor of Exchequer.

Iran successfully tests Ghaem 100 space launcher

Iran’s Revolutionary Guards have successfully tested the first sub-orbital stage of the three-stage Ghaem 100 launch vehicle.

Sukesh Chandrashekhar accuses Arvind Kejriwal

Jailed conman Sukesh Chandrashekhar accuses AAP national convener Arvind Kejriwal of asking him to collect Rs 500 crore for party and Delhi minister Satyender Jain of threatening him. AAP dismisses allegations

Bankers wielding megaphones tout for deposits on Indian streets

Indian bankers are taking to the streets with megaphones and enlisting grocers to sign up customers as they seek to lure cash deposits to fund the fastest credit growth in a decade.

Bharat Jodo Yatra

Bengaluru: Case registered against Congress leader Rahul Gandhi for alleged unauthorised use of music from Kannada film ‘KGF-2’

Money laundering case

Mau Sadar MLA and Mukhtar Ansari’s son Abbas Ansari sent to 7-day ED remand

Imran Khan’s lawyer files plea

Imran Khan has filed a fresh plea in the Supreme Court seeking deferral of the contempt of court case proceedings against him as the former Pakistan prime minister is recovering from bullet injuries he sustained during a protest march two days back, a media report said.

Delhi Air Pollution

Delhi continues to remain under the envelope of smog even as air quality turns to ‘Very Poor’ category from ‘Severe’ category

Some mutations make monkeypox virus ‘smarter’, finds study

  • Researchers have identified specific mutations in the monkeypox virus that have made it ‘smart’ enough to avoid being targeted by medicines or a body’s immune response and continue being contagious.

  • The findings of the study, published in the Journal of Autoimmunity, can help in modifying existing drugs used to treat monkeypox or developing new medicines that can counter the mutations thus reducing symptoms of the disease and curbing the spread of the virus.

  • The study was conducted by a team of researchers at the University of Missouri.

Sharad Pawar flies to Shirdi from Mumbai hospital for NCP meet

Nationalist Congress Party chief Sharad Pawar said BJP has been rejected in most of the country and targeted Prime Minister Narendra Modi over the lack of the vision for inclusive development. Pawar, who has been undergoing treatment in a Mumbai hospital since the last few days, flew to Shirdi from Mumbai with doctors and addressed the party convention briefly.

Morbi Bridge Collapse

Morbi court rejected the remand application of the accused. We demanded the remand for cross-verification of the documents: Public Prosecutor

Fire-bomb attack on UK immigration centre ‘motivated by terrorist ideology’, reports AFP News Agency citing police

Cyrus Mistry case

  • Maharashtra: Kasa police file a case u/s 304(A), 279, 336, 338 in death case of former Tata Sons Chairman Cyrus Mistry, against Anahita Pandole, who was driving during accident. Case filed after police recorded her husband Darius Pandole’s statement: Palghar SP Balasaheb Patil
  • As per Palghar police, Anahita Pandole is still in the ICU, undergoing treatment
  • Cyrus Mistry, former Chairman of Tata Sons, died in a road accident on September 4th this year

Construction of new Parliament building progressing at steady pace

– Union Housing and Urban Affairs Minister Hardeep Singh Puri

Russia-Ukraine war

Iran admitted for the first time that it has sent drones to Russia, but insisted they were supplied to its ally before the Russian invasion of Ukraine

England beat Sri Lanka to make T20 World Cup semis, Australia eliminated

PM Modi welcomed in Solan, held a public rally here

  • BJP’s work, resolve are strong while in Congress there is uncertainty, indecisiveness and anarchy
  • Congress means ‘guarantee’ of corruption, selfish politics and politics of nepotism: PM Modi

Haryana: Farmers in Rohtak opt for converting stubble into fodder

Chinese officials signal no change to ‘zero-COVID’ policy

Chinese health officials gave no indication Saturday of any relaxation of COVID-19 restrictions, following several days of speculation that the government was considering changes to a “zero-COVID” approach that has stymied economic growth and disrupted daily life. The officials said at a news conference that they would “unswervingly” stick to the policy, which seeks to stop cases from coming into the country and snuff out outbreaks as they are uncovered.

Assam: 2 minor brothers allegedly kidnapped from their house in Nagaon district rescued from neighbouring Karbi Anglong, say police

We have to bring urea from abroad, one sack of urea costs us Rs 2000 but we give it to our farmers for less than Rs 270. Our govt bears the rest of the expenses. Some people who give Rs 100 subsidy spend Rs 1000 for publishing advertisement regarding it.

– PM Modi in Solan

Manish Sisodia claims scared of losing polls, BJP arrested his PA

Delhi Deputy Chief Minister Manish Sisodia on Saturday said the BJP is so afraid of losing elections that they raided his house and when they did not find anything, the ED raided his personal assistant’s house and when they did not find anything there too, they arrested him.

Solan with such big response has given message that Himachal Pradesh will again have ‘double engine’ govt

– PM Narendra Modi at poll rally

Only Congress can fight BJP as all regional parties in Telangana and Andhra Pradesh are “match fixing” parties, says senior Congress leader Jairam Ramesh

At least 10 shops gutted in fire on Mumbai’s Fashion Street, nobody injured

At least 10 shops located on the Fashion Street, a roadside apparel market in south Mumbai, were gutted in a fire on Saturday afternoon, but nobody was injured in the incident, a civic official said. The fire broke out in one of the shops on the Fashion Street near Churchgate around 1 pm, and soon spread to some of its adjoining stores, he said.

There was a threat call the night before the incident. My father received a call from the UK. The caller introduced himself as Amritpal Singh & said he was sending some men & his deal is done…It was planned,4 bullets hit him

– Manik Suri,son of slain Shiv Sena leader Sudhir Suri

ED questioning Sisodia’s PA in Delhi Excise Policy scam case

In the latest development in connection with the Delhi Excise Policy scam, the Enforcement Directorate (ED) is questioning the personal assistant of Delhi Deputy Chief Minister Manish Sisodia, sources said on Saturday. According to the sources, Devender Sharma alias Rinku was detained on Saturday morning and the ED has been interrogating him since then.

National Mission for Clean Ganga organizes Ganga Utsav – The River Festival

Sri Lanka set England 142 to make T20 World Cup semis

Pathum Nissanka slammed 67 before Sri Lanka collapsed to 141-8 at the Twenty20 World Cup at the Sydney Cricket Ground on Saturday, in a game England must win to make the semi-finals. The Sri Lankans made a storming start on a fine evening with a plethora of sixes and reached 80-2 after 10 overs. England gradually made inroads, however, and slowed the run-rate with more disciplined bowling to dominate the second half of the game and keep the total within reach.

Chaos as fire breaks out in Kolkata-Mumbai train coach

Panic reigned among passengers after a fire suddenly broke out in the parcel van of the 18030 Shalimar Kolkata-Mumbai LTT train at the Nashik Road station on Saturday, officials said here. The blaze with a thick cloud of smoke was noticed emanating from the parcel van, next to the engine, soon after the train entered the platform No. 3 around 8.30 a.m. and halted.

Himanshu Vyas joins BJP, hours after resigning from the Congress party’s primary membership.

ED records statement of Delhi Deputy CM Manish Sisodia’s PA in money laundering case linked to scrapped excise policy: Officials

I also saw a lot of money coming & asked where is it from. Both CMs(Kejriwal & Mann)had come to Rajkot & it was then that I asked about it, they signaled (shows an airborne aircraft) & said that’s how. It’s a party that befools people. So, I returned to Congress.

– Indranil Rajguru

‘Jana Gana Mana’ and ‘Vande Mataram’ stand on same level: Centre to Delhi HC

Responding to a plea for equal status to ‘Vande Mataram’ with ‘Jana Gana Mana’, the Centre has told the Delhi High Court that both stand on the same level and every citizen of the country should show equal respect to both. “..National song occupies a unique and special place in the emotions and psyche of the people of India,” the Ministry of Home Affairs submitted.

Congress (when in power) never gave priority to development of Himachal Pradesh, says Modi.

PM Modi visits Radha Soami Satsang Beas, meets chief Dhillon

Prime Minister Narendra Modi on Saturday visited Radha Soami Satsang at Beas in Amritsar and met its chief Baba Gurinder Singh Dhillon. Later, Modi went to the Dera community kitchen where women followers were making chapatis and chopping vegetables, the Dera officials said. The prime minister spent about an hour at the Radha Soami Satsang Beas (RSSB), they said.

The second Army Commanders’ Conference (ACC) is scheduled from 07 to 11 November 2022 in New Delhi.

Jitan Manjhi stokes fresh controversy, BJP alleges hurt to Hindu sentiments

Former Bihar chief minister Jitan Ram Manjhi landed in a fresh controversy on Saturday when he said Dalits have been treated like “slaves” by Hindu society, especially by the priestly class which treated them as untouchables. Manjhi, who heads Hindustani Awam Morcha, a constituent of the ruling “Mahagathbandhan”, made the remarks while predicting a comfortable win for candidates of the RJD in by-polls to Mokama and Gopalganj assembly seats, results of which will be declared on Sunday.

North Korea fires missiles into sea amid US-S Korea drills

South Korea’s military says North Korea has fired four short-range ballistic missiles into the sea, adding to its barrage of weapons demonstrations this week that has raised tensions in the region. South Korea’s Joint Chiefs of Staff said Saturday that the missiles flew around 130 kilometers (80 miles) toward the North’s western sea.

Iran acknowledges sending drones to Russia for first time

Iran’s foreign minister on Saturday acknowledged for the first time that his country has supplied Russia with drones, insisting the transfer came before Moscow’s war on Ukraine that has seen the Iranian-made drones divebombing Kyiv.

The comments by Iranian Foreign Minister Hossein Amirabdollahian come after months of confusing messaging from Iran about the weapons shipment, as Russia sends the drones slamming into Ukrainian energy infrastructure and civilian targets.

“We gave a limited number of drones to Russia months before the Ukraine war,” Amirabdollahian told reporters after a meeting in Tehran.

T20 World Cup: Sri Lanka opt to bat against England

Sri Lanka captain Dasun Shanaka won the toss and opted to bat against England in a crucial Group 1, Super-12 encounter at the Sydney Cricket Ground.

England would be looking to register a win against the Asia Champions to secure a place in the semi-finals. A loss will see them flying back to the United Kingdom.

Sri Lanka on the other hand will look to live up to their tag of being the Asian Champions after having blown hot and cold throughout the tournament.

At least 10 shops gutted in fire on Mumbai’s Fashion Street, nobody injured

At least 10 shops located on the Fashion Street, a roadside apparel market in south Mumbai, were gutted in a fire on Saturday afternoon, but nobody was injured in the incident, a civic official said.

The fire broke out in one of the shops on the Fashion Street near Churchgate around 1 pm, and soon spread to some of its adjoining stores, he said.

“After the fire brigade was alerted about the incident, six fire engines were rushed to the spot,” the official said, adding that the blaze was extinguished in around 15 minutes.

Pakistan’s economic condition worsens as default on borrowing spikes

Pakistan’s economy is in shambles as its default on borrowing is increasing amid varied factors affecting the country’s backbone including floods, depreciating currency, and the country’s risk of credit default swap.

The country’s risk of default, measured by the 5-year credit default swap (CDS), touched 52.8 per cent recently, a 13-year high, indicating that foreign investors are losing faith in Islamabad’s ability to honour its repayment obligations, reported Financial Post.

Pakistan needs to change its focus from political bickering to economic reforms as the Pak economy is not picking up despite the IMF programme of revival and release of USD 1.27 billion tranches.

G7 to establish coordination mechanism to help Ukraine

The Group of Seven countries (G7) on Friday (local time) agreed to establish a coordination mechanism to help Ukraine with critical energy and water infrastructure amid Russian attacks on the power grid that have caused widespread blackouts.”Today we establish a G7 coordination mechanism to help Ukraine repair, restore and defend its critical energy and water infrastructure,” read G7 Foreign Ministers’ statement.Germany is held a two-day meeting in the western German town of Muenster to discuss Russia’s Feb 24 invasion of Ukraine, Iran’s deepening military alignment with Moscow over the war as well as China’s growing assertiveness.

Kerala becomes first state to introduce uniform gold price based on bank rate

Kerala becomes the first state in India to launch uniform gold price based on the bank rate. The decision to introduce uniform price on 916 purity 22 carat gold has been taken at a meeting between officials of Malabar Gold and Diamonds, one of the largest gold and diamond retail chains in the country and key members of All Kerala Gold and Silver Merchants Association which sets the board rate for gold.

US to fly supersonic bomber in show of force against North Korea

The United States will fly a supersonic bomber over ally South Korea as part of a massive combined aerial exercise involving hundreds of warplanes, in a show of force meant to intimidate North Korea over its barrage of ballistic missile tests this week that has escalated tensions in the region.

South Korea’s Defense Ministry said at least one B-1B bomber will participate on the last day of a joint U.S.-South Korea air force exercise that wraps up Saturday. South Korean and U.S. military officials didn’t immediately provide more details.

15 killed in Russia cafe blaze after flare gun discharged

A fire in a cafe in the Russian city of Kostroma killed 15 people on Saturday, emergency said.

The blaze erupted in the early hours after someone apparently used a flare gun during a dispute, authorities said.

Rescuers were able to evacuate 250 people. Kostroma is located roughly 340 kilometers (210 miles) north of Moscow.

Tata Motors hikes passenger vehicle prices

Tata Motors on Saturday said it has increased prices of its passenger vehicles with effect from November 7.

The weighted average increase will be 0.9 per cent, depending on the variant and model, the auto major said in a statement.

The company has been absorbing a significant portion of the increased costs but the steep rise in overall input costs has compelled it to pass on some proportion through this minimal price hike, it added.