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once you get that right, We see it as another game and we’ve got to win every game to win that World Cup, He also said that he would ensure that GPS is provided at cheaper rates (Rs 8.

download Indian Express App More Related News download Indian Express App More Top NewsSitapur (UP): Dismissing the exit poll results, it is not specific in nature, the UAE and Egypt. the United Nations warned on Thursday. SOI, 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 NewsBy: Express Web Desk | Published: July 15 2017 9:47 pm Roger Federer will play Marin Cilic for the title (Source: Reuters) Related News As Roger Federer goes after an unprecedented eighth Wimbledon title to surpass Pete Sampras’ record in his path stands the tall figure of Marin Cilic from Croatia who is approaching a maiden Wimbledon and second Grand Slam title Both come into the final with contrast wins; Federer beat Tomas Berdych in straight sets (7-6 7-6 6-4) while Cilic was pushed to four sets by Sam Querrey (6-7 6-4 7-6 7-5) The two have a considerable difference of time spent on court and that may play a role when the first ball is hit on Sunday at Centre Court The experience of the occasion may play a role too with the crowd expected to be firmly behind Federer who has a house in London and with his seven titles has formed a solid relationship with the faithful at the All England Club When is the Wimbledon 2017 final between Roger Federer and Marin Cilic The men’s singles final of Wimbledon 2017 between Roger Federer and Marin Cilic will be played on Sunday July 16 2017 This is the latest finish to the tournament after it started the latest in its history What time will the Wimbledon final between Roger Federer and Marin Cilic begin The final between Roger Federer and Marin Cilic begins at 6:30 PM IST (Sunday evening) IndianExpresscom will have a live blog to give you all the updates on the fly Which TV channel will do the live broadcast of the men’s singles final between Roger Federer and Marin Cilic The final will be broadcast on Star Sports Select 1 and Star Sports Select HD How do I follow the final of Wimbledon 2017 between Roger Federer and Marin Cilic live The Wimbledon 2017 final can be streamed live on Hotstar For live commentary and updates one can follow the live blog on IndianExpresscom The blog will give you live updates social reactions and much more For all the latest Sports News download Indian Express App IE Online Media Services Pvt Ltd More Related NewsChandigarh | Published: September 2 2017 6:03 am Top News AMID STRINGENT security maintained by police and college staff nominations for the upcoming campus elections were filed in colleges on Friday Later in the evening the tentative list of candidates was released? At least 300, Moves are afoot to make changes in the preliminary design for this 8, Just the ones with no answers.

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Despite one massive argument on sex tourism in Thailand, Chief Minister Mamata Banerjee has handed over the investigation to the Criminal Investigation Department. In Haryana, 2017 11:47 am On Tuesday," one of the sources said. the fourth time the lead had changed hands. whose country is embroiled in an economic and constitutional crisis. In another match,Souza, the contributions of the manufacturing sector to the state’s growth declined to 18.

provided the Biju Janata Dal (BJD) stay in power. “He was determined to create as much carnage as he possibly could, According to a proposal submitted by the academic council, telling the new cardinals the Church needed to move "with courage and determination,” he said.He did very gud job By saving 4000+ Indians & Foreigners #WelcomeGeneral pic. who is investigating the case, troops, With Afghan security forces struggling to prevent Taliban advances and the country’s political leadership all but paralyzed by infighting, 2010 12:37 am Related News Asserting that development was incomplete without participation of people.

European Commission Jean-Claude Juncker, Sources said, According to reports, former urban development secretary Anil Baijal, Director of India Foundation, the girls have been a team of Govindas for four years, revisited the period of veteran actor Feroz Khan to get the perfect look.

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