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Featured News
Sugar imports likely for second year
The world's second-largest sugar producer had remained structurally surplus for nearly a decade but was forced to import sugar in the 2025-26 season after lower output pushed domestic prices to record highs. Prolonged rainfall shortages in Maharashtra and Karnataka, coupled with the state prioritising reservoir water for drinking over irrigation, are expected to reduce sugar content in cane due for crushing from October, executives said.
Ministry of Finnace to engage with banks and traders to allay Merchant Discount Rate concerns
In an effort to shield consumers from additional Merchant Discount Rate (MDR) charges, the finance ministry is set to consult with the Indian Banks Association. Meetings with traders' organizations are also scheduled to directly address their concerns about the recent MDR levy. Effective from October 15, transactions exceeding ₹2,000 will incur a 0.
