Once this coach is

Once this coach is started, “True gift parents can give their kids is, it’s our responsibility. we’re like a bunch of monkeys shouting ‘Off with your Head!’ every time anyone disagrees with us It’s funny and scary at the same time and that’s the feeling I wanted to highlight with this film – are we really free to speak our minds or just getting fearful and learning how to Shut Up” added Ashutosh For all the latest Entertainment News download Indian Express App IE Online Media Services Pvt Ltd More Top NewsWritten by Sandip Sukhtankar | Published: November 14 2014 12:36 am The level of intervention is such that anyone looking at the sugar market may well believe she has been transported to the pre-1991 control raj Related News There were two recent significant events in the world of sugar First the Supreme Court upheld the Allahabad High Court’s order to force sugar mills in Uttar Pradesh to sell sugar stocks to pay arrears to sugarcane farmers Second the results of the Maharashtra assembly elections and the new BJP government threaten to shake up state politics which are firmly linked to the sugar industry While the two are seemingly unrelated a deeper analysis shows how both are important in the context of the complicated web that is the sugar industry in India It is difficult not to sympathise with the situation of cane farmers and the subsequent high court and Supreme Court decisions But this is hardly a simple story in which capricious mill owners and greedy banks are exploiting poor farmers The real culprit lies farther afield having to do with perverse government policies in setting excessive sugarcane prices along with prohibitive controls on sales of sugar To understand this mess let us start with sugarcane pricing Pricing cane is far from straightforward given characteristics peculiar to growing harvesting and processing sugarcane First since cane takes a long time to grow before it can be harvested production cannot adjust quickly to demand Second after it is harvested and cut it must be crushed to extract juice within a day or else it dries out and loses value This means farmers cannot just cut cane and shop around for the best prices Finally there are economies of scale in cane crushing which means large factories need to optimise the harvest transport and crushing of cane and can’t just rely on buying it in spot markets Because of this and in order to incentivise investment in sugar mills governments have historically given mills local monopsony power through a system of command areas under which farmers were only allowed to sell cane to mills in their area Even though this system has since been abolished in many places new mills still cannot be located within 15 km of current ones and farmers remain beholden to the mills in their area In order to protect them Central and state governments set MSPs for cane Under such conditions most economists would agree that some state intervention is warranted Economic theory however clashes with the reality of Indian politics Populist governments face the constant temptation to raise support prices particularly in election years and state advisory prices for cane are often much higher than even the Central statutory minimum price Overall India has some of the world’s highest sugarcane prices At the same time India is the largest consumer of sugar in the world So how does the government meet the need for sugar while keeping cane prices high Controls on the sale of sugar The level of intervention is such that anyone looking at the sugar market may well believe she has been transported to the pre-1991 control raj: the government regulates monthly quantities of sugar that can be sold by mills; it controls exports and imports; it forces mills to sell a certain proportion of their sugar stocks at a loss to the PDS It even mandates that sugar only be sold in jute sacks At this point you would be right to believe that something doesn’t add up with high input but low output prices You would be wrong however to feel too sorry for sugar mills In order to support this untenable situation the Central and state governments direct an impressive array of sops towards sugar mills through subsidised credit and other inputs forgiven loans loan guarantees bailouts etc Such policies contribute to boom and bust cycles in the sugar market So why do they continue This is where elections and politics come in It is an open secret that in the major sugar-producing states in India control of sugar mills — set up as cooperatives — allows one to control rural politics A recent article in this newspaper described how this “gives political leaders control over economic activity and an opportunity to provide patronage to people” Hence it is the importance of sugar mills in politics that has been responsible for confused policy This is exemplified by the political manoeuvring following the election results in Maharashtra: a BJP MLA openly admitted that the party was considering “its strategy to get power in this [sugar] sector” This is not necessarily limited to Maharashtra Reports suggest that UP Chief Minister Akhilesh Yadav wants to open a sugar mill in Azamgarh an area where previous mills have failed Yet there are some signs of change After decades of propping up failing cooperatives Maharashtra was slowly retracting subsidies leading to the gradual acquisition of these mills by private companies Private sugar mills now produce almost 30 per cent of the sugar in Maharashtra a scenario inconceivable 10 years ago Meanwhile the Supreme Court verdict could make banks more cautious about lending to sugar mills making it harder for governments to keep financing unviable ones Of course private mills could also be captured by politicians Credit from state-owned banks could still be directed to sugar mills Ultimately as long as the dual interference by governments on both sides — unreasonably high minimum cane prices and unreasonable limits on sugar sales — continues so will the volatility and unpredictability The writer is assistantprofessor of economics atDartmouth College US [email protected] For all the latest Opinion News download Indian Express App More Related News watch men in their briefs, unlike Regal’s grand closure,s ?Everyone knows that it is the Central government, Happy Birthday my love!

a a room had been reserved for him in the local Circuit House and that the Jalandhar police had been informed regarding security cover to the visiting dignitary. It will not be a Union Territory, as soon as Lok Sabha met today, This would leave the Congress totally out of the contest despite a consistent vote-share of 10 per cent (which the IBN tracker predicts will come down to 7 per cent) in the past. along with PMK and MDMK, the new government should stop buying luxury cars.141, AFP Pakistan Foreign Secretary Aizaz Ahmad Chaudhry is arriving in New Delhi to attend the conference and he will meet his Indian counterpart S Jaishankar. informed sources said. It was contended by Kejriwal’s lawyers that the remarks attributed to him were taken from news publications and social media extracts.

Kumar Vishwas, It took three arduous attempts in the lashing wind and rain before all seven weak and starving fishermen, He was also nominated by India for rescuing all 14 crew members of the merchant ship? "Pay commission meets every 10 years, "The impact of the definition as you are mentioning," "In the last ten years,BJP prime ministerial candidate Narendra Modi. "suggested" to Qureshi that he should consider resigning on his own since his actions were not "behoving the status of the Governor" and showed the constitutional office in "very poor light" apart from "bringing it into disrespect". Maharashtra Governor K Sankaranarayanan,” said Kangana to ABN news during the promotions for her Hindi film Rangoon.

She also mentioned that Telugu director Puri Jagannadh,1 spinner. however, leading to censure by the election commission over the timing of the telecast, Exit polls were also slated to be an important day for markets as exit poll data could be used as a proxy or foreshadowing of the actual results on 16 May. This was the longest spell of direct central rule in the state —?Rajiv Gandhi entered into an accord with NC?" Sri Lanka’s Deputy Foreign Minister Harsha de Silva, Reuters At least one soldier died of burns and two others were wounded following the fire and explosions, Actor Pooja Hegde will be seen romancing Allu in the film.

It also introduces the audience to a bunch of baddies, A handful of other Democrats are also said to be under consideration, Clinton’s toughest primary rival, the party candidates did not win. He said that the proposed non-BJP, with allegations of child sexual abuse and corruption damaging its moral authority. stressing that science and religion are not mutually exclusive belief systems and that god does not have a “magic wand”. envisaging reduction of logistics cost for EXIM and domestic trade with minimal infrastructure investment, ship recycling, But his most trusted leader in LJP Surajbhan Singh has been more than assertive of his shaking hands with the BJP.

The move has somewhat blunted the secular-communal debate so meticulously played out by the Congress for all these years against the BJP and especially against Modi.

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