SUMANSPEAKS | ESTD 2006 | CAPITAL MARKETS INTELLIGENCE JUNE 2025 | MACROECONOMICS & GLOBAL FINANCE SumanSpeaks Independent Capital Markets Intelligence · Estd 2006 sumanspeaks.blogspot.com Macro Currents | Currency Architecture | Geopolitical Finance The Multipolar Currency Dream Meets Economic Reality Why the rupee's march to global trade currency status will be measured in decades, not headlines Much has been written about the emergence of a multipolar currency system and the gradual erosion of US dollar dominance. The narrative is undeniably seductive: greater monetary sovereignty, reduced exposure to American sanctions architecture, and a s...
The decision is likely to be taken in 10 to 15 days, says food minister KV Thomas
I have recommended Shree Renuka Sugar Ltd (BSE Code: 532670) at Rs.34, T--Rs.37, SL--Rs.31, to the Paid Group members and also in Facebook (SumanSpeaks). The FIIs have hiked their stake in the company speaking sequentially..
New Delhi: The government may consider doubling the import duty on white sugar to 20%, food minister K.V. Thomas said on Thursday.
The minister also said the import tax on raw sugar could be abolished.
“We have different proposals on sugar,” Thomas told reporters. “One of them is to raise import duty on white sugar to 20% and scrap the duty on raw sugar.”
These could happen in 10 to 15 days, the minister said.
India, the world’s biggest producer after Brazil, imposes a 10% tax on overseas purchases of sugar.
The minister also said the import tax on raw sugar could be abolished.
“We have different proposals on sugar,” Thomas told reporters. “One of them is to raise import duty on white sugar to 20% and scrap the duty on raw sugar.”
These could happen in 10 to 15 days, the minister said.
India, the world’s biggest producer after Brazil, imposes a 10% tax on overseas purchases of sugar.
Courtesy: www.livemint.com
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