NEW DELHI The cabinet has deferred a decision on giving incentives to mills for raw sugar production, Food Minister K.V. Thomas said on Tuesday.
"We had preliminary discussions. There are some issues to be sorted out. We will take up this matter in the next meeting," Thomas told reporter after a cabinet meeting.
The cabinet is expected to meet again on Thursday.
Farm Minister Sharad Pawar earlier in the day said a decision on incentives for raw sugar production could be taken up at the cabinet meeting.
India, the world's second biggest producer after Brazil, has been working on an incentive package for raw sugar production as part of its strategy to arrest falling prices due to a glut of refined sugar in domestic markets.
(Reporting by Nigam Prustry and Mayank Bhardwaj; Editing by Nidhi Verma)
Trending On Reuters
India will link the interest paid to millions of small savers in a $137-billion central deposit scheme to market rates that will be revised every quarter, a top finance ministry official said on Thursday. Full Article