Cane pricing reform may at last be on the cards, but as usual, there’s something amiss.
India’s official think tank, Niti Ayog, is working on a new mechanism to push cane pricing reform that aims to create a price stabilisation fund and adopt a modified version of revenue sharing formula (as recommended by Rangarajan Committee), putting raw material suppliers at a relatively advantageous position vis-a-vis the millers. The new formula would
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