@ANI Increase farmers income boosts rural consumption and domestic demand, reduces surplus sugar stocks, frees up working capital for sugar mills, and strengthens India's energy security while reducing crude oil imports
@ANI Ethanol is not just a clean fuel—it is a game changer for rural India. Sugarcane-based ethanol benefits over 5 crore farmers and their families. Annual ethanol procurement of around ₹15,000–20,000 crore by OMCs ensures timely cane payments
भारत के लिए गौरव का क्षण
130 वर्षों के इतिहास में पहली बार भारत में अंतरराष्ट्रीय सहकारिता गठबंधन (ICA) की आम सभा एवं वैश्विक सम्मेलन का आयोजन होने जा रहा है।
सुनें नेशनल फेडरेशन ऑफ कोऑपरेटिव शुगर फैक्ट्रीज लिमिटेड (NFCSF) के प्रबंध निदेशक श्री प्रकाश नाइकनवरे का संदेश
#EmpoweringCooperatives #SahakarSeSamriddhi #Cooperatives #NamasteICA #IYC2025 #CoopsBuildABetterWorld #CoopsYear
@narendramodi@AmitShah@KPGBJP@mohol_murlidhar@icacoop@ICAAPAC
@IFFCO_PR
@CoopSugarIndia@PIB_India@pibcooperation
2023 में 11% एथेनॉल ब्लेंडिंग का लक्ष्य पूरा हुआ, 2024 के लिए 15% ब्लेंडिंग का लक्ष्य, आज चीनी इंडस्ट्री और सरकार चीनी पॉलिसी की समीक्षा करेगी : प्रकाश नाइकनवरे, NFCSF
@naiknavarepraka @CoopSugarIndia@AgriGoI@AistaIndia@Manisha3005@deepaliranaa
#sugar#molasses#ethanol The GOI has imposed a 50% export duty on molasses derived from the extraction or refining of sugar with effective from 18 january 2024.
This measure has the potential to yield approximately 30-35 crore litres of ethanol from C heavy molasses.
Sweet Success Story!
India takes the crown as the top sugar cane price payer, showing that our dedication to fair compensation knows no bounds.
Supporting our cane farmers with the sweetest rewards!
Yet, we must consider global sugar prices, mill-level realizations alongside ethanol diversion, and the potential oil import savings, ultimately benefiting all stakeholders involved.
"India's sugar export policy may remain 'Restricted,' not shifting to 'Prohibited.' The substantial increase in ethanol production offers a robust solution to the surplus sugar problem.
#Sugar mills can currently apply for an export quota under the restricted category, but moving to the prohibited category would mean a complete export ban.
Read more: https://t.co/t3jjw00Bx7
Hon'ble Union Home and Cooperation Minister Shri Amit Shah chaired the 89th General Council Meeting of NCDC today at NCDC Campus and addressed all the participants.
#sahakarsesamridhi#empoweringcooperatives
#GST on molasses has been reduced from 28% to 5%. This will benefit sugarcane farmers and will enable their dues to be cleared faster because more money will be left in the hands of the mills.
The council and we all feel that it will also lead to a reduction in the cost of manufacturing cattle feed, which will be a major development: Union Minister @nsitharaman
#GSTCouncil #GSTCouncilMeeting
while the final product, ethanol, is taxed at only 5%.This situation posed a significant working capital challenge for standalone distilleries engaged in ethanol production. The reduction in GST rates for molasses will undoubtedly alleviate this burden for standalone distilleries
The decision to reduce the GST rate for molasses from 28% to 5% at today's #GSTCouncilMeet will certainly boost the promotion of ethanol. This is particularly beneficial due to the inverted Duty Structure within the GST framework, where the raw material, molasses, is taxed at 28%
#GSTCouncilMeet | GST Council approves to exempt Extra Neutral Alcohol (both Grain-based and molasses-based) used to manufacture alcoholic liquors from GST, sources to @TimsyJaipuria
Here's more
The Ministry of Cooperation is delighted to receive an Appreciation Certificate for our dedicated #Shramdaan towards Swachh Bharat Mission Initiative on October 1st.
Celebrating the enduring legacy of Mahatma Gandhi on his birth anniversary, #GandhiJayanti! 🇮🇳
DFPD is inspired by his ideals of self-sufficiency & equitable access to essential resources. Let's continue to work towards a hunger-free India, just as Gandhi ji envisioned.
Happy New Sugar Season 2023-24! 🌟🎊 As we step into another year of sweetness, we are excited to reiterate our commitment of ensuring sufficient sugar availability for all, for every festival, all year round. #SugarSeason2324#SweetMomentsAhead