Sugaronline India Report Bailed out, or time to bail? By Prerna Sharma

Barely a week after losing the by-election in the sugar heartland of Kairana in Uttar Pradesh, the Modi government came out with a comprehensive package of INR85 billion (US$1.25 billion) to help the troubled sugar industry sitting on a huge pile of cane arrears amounting to INR220 billion. Despite the media hype over the announcements,