Sugar sector, for long, has always been considered cyclical in nature. Nevertheless, some structural change that is taking place now makes it a sustainable business and reduces the cyclicality.
CCI offers its good cotton throughout the season through e-auction at most competitive terms & conditions without any hoarding and speculation. Thus, CCI tries to maintain the price intact to safeguard the domestic textile industry and to make them available the good quality raw material at a competitive price.
It revealed that with the pandemic accelerating, digital adoption in rural areas was strengthening. Restrictions on travel and social distancing norms nudged people in rural areas, who are equipped with technology and connectivity, to rely more on digital services for their day-to-day activities.
Finance Minister Nirmala Sitharaman said the MSP regime has undergone a “sea change” to assure price at least 1.5 times of production cost with a
