23
Wednesday
May 2018
10:17 AM IST
News Headlines
Anti-Sterlite protest: 11 killed in police firing in Thoothukudi        No charges for cancelling flight tickets within 24 hours of booking: Aviation Ministry proposal        Gowda says he is not opposed to Shivakumar being made minister        For the first time in 226, woman to lead the NYSE        Now, it's India vs Pakistan over Kishanganga project at World Bank        Afghanistan blast: 16 killed, 38 wounded in southern Kandahar province        SBI Q4 loss at Rs 7,718 crore as NPA provisions jump        Faf du Plessis shines as CSK beat SRH to enter seventh final        Emery set to succeed Wenger as Arsenal boss - reports        Venezuelan Prez Nicolas Maduro wins re-election        Plea In Supreme Court Seeks Review Of Verdict In Judge Loya Death Case        BJP now down to 272 Lok Sabha seats from 2014 tally of 282        Modalities of Government Formation in Karnataka Finalised, Says HD Kumaraswamy        PNB fraud: ED attaches Nirav Modi’s properties worth Rs 171 cr        CSK and SRH lock horns in Qualifier 1 for spot in IPL 2018 final        Belgium leave out Nainggolan for World Cup        Presence of Nipah virus confirmed in Kerala        Hirokazu Kore-eda's 'Shoplifters' wins Palme d'Or at Cannes        Cuba: 110 died in plane crash, 3 survivors 'critical'        Delhi knock Mumbai out with a thrilling 11-run win        
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Kerala News
Govt wants cess on sugar, GST Council delegates power to GoM
 
(New Delhi, May 04, 2018):With the central government willing to impose a Rs 3 cess per kg of sugar, the Goods and Services Tax (GST) Council today authorised a group of ministers to take a final call on the matter. The new sugar cess will be over and above the existing levy under GST regime. Currently, sugar attracts five per cent GST.

The decision was taken at the GST Council meet. Union Minister Arun Jaitley attended the meet via videoconferencing from New Delhi. After the meeting with the state finance ministers, Jaitley said that the GST Council decided that a group of ministers should be constituted to take a final call on imposition of cess to raise funds for the sugarcane growers.

The cess will be imposed on the packaged sugar sold by the sugar manufacturing companies. The proposal to impose fresh cess on sugar is aimed at benefitting the cane farmers who are reeling under debt burden. The sugar prices have crashed recently incurring more losses to the sugar factories resulting, in turn, poor payment to cane growing farmers.

The government hopes to raise about Rs 1,540 crore that will be used to pay the dues towards cane farmers who could not be compensated by the loss making sugar factories. In Uttar Pradesh, Maharashtra and Karnataka, arrears worth Rs 19,000 crores need to be paid to farmers by sugar factories.

According to industry body Indian Sugar Mills Association (ISMA), the sugar prices have fallen by Rs 9 per kilo across the country in the last four to five months. The sugar mills are running in losses translating into huge arrears towards the cane growers. Total cane price arrear was over Rs 18,000 crore across the country as of March 15 this year.


Kerala among 13 states on thunderstorm alert
Kerala Karshaka Jadha Opens to a Great Beginning / Video
Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
Latvian tourist's dead body cremated
State's 16th century wooden palace now gets a website
Two held in connection with Lithuanian tourist's rape, murder
SSLC results declared
UDF takes out bullock cart rally against fuel price hike / Video
Pregnant lady falls from bus, gets injured
Varappuzha Sreejith's death: AV George to be interrogated
Sreejith's wife to receive government job, ex-gratia
Malayalam detective novelist Kottayam Pushpanath passes away
State to have directory of skilled labourers soon
Naidu's walk and talk with Kochi's officers
90-year-old tribal woman writes exam; Kerala tribals on "literacy path"
Custodial death:HC directs CBI, Govt to inform stand on plea seeking probe
Date for Chengannur by-poll announced
Now, railway tickets in Malayalam too
Decomposed body of Malayali woman found buried in her house in Sharjah
ENTERTAINMENT NEWS
I am a big flop actor: Karan Johar
 (Mumbai, May 5, 2018): Filmmaker Karan Johar is in mood to take up full-fledged acting jobs.  
Bittersweet moment for us: Akshaye on Vinod Khanna's Dadasaheb Phalke honour
Happy Sonam is getting married, Anand a great guy: Harshvardhan Kapoor
Auctioning 'Rustom' costume for good cause: Akshay Kumar
INTERNATIONAL NEWS
For the first time in 226, woman to lead the NYSE
 (New York, May 22, 2018):The New York Stock Exchange for the first time in its 226-year histo
Now, it's India vs Pakistan over Kishanganga project at World Bank
Afghanistan blast: 16 killed, 38 wounded in southern Kandahar province
Venezuelan Prez Nicolas Maduro wins re-election
NATIONAL NEWS
No charges for cancelling flight tickets within 24 hours of booking: Aviation Ministry proposal
 (New Delhi, May 22, 2018):In a comforting piece of news for air passengers, the government on
Gowda says he is not opposed to Shivakumar being made minister
Plea In Supreme Court Seeks Review Of Verdict In Judge Loya Death Case
BJP now down to 272 Lok Sabha seats from 2014 tally of 282
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