Talks with state government on loan waivers, prices remain deadlocked.
A late arrival of monsoon would have meant a delayed harvest of the new kharif crop.
Meerut and Muzaffarnagar remain on second and third position with average yields of 832.28 quintal per hectare and 828.56 quintal per hectare respectively.
The heavily taxed alcoholic beverages industry had run from pillar to the post to come under GST ambit but states were not ready to give up this revenue.
Prices of refined soyabean oil have declined from Rs 73.50 per kg to Rs 63.50 per kg ex-mill without duty.
Vegetable fats, which have physical properties similar to coco butter and are widely used by chocolate makers in Europe, were not permitted for chocolate manufacturing in India till now.
UP cane commissioner’s office- the total interest payment on the outstanding dues to be about Rs 230 crore.
Oilseeds will attract 5% tax under GST, unlike most other agricultural produce.
FMCG products are also expected to become cheaper, as they will be taxed at 18%, compared to 28% at present, once the GST implementations happens.
According to ISMA, consumers from Tamil Nadu and Andhra Pradesh, the two states which currently have VAT on sugar, will have to pay less once GST is introduced.
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