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The government has decided to increase the import duty on sugar to 40% from the current 15%, agreed to continue with the subsidy of Rs 3,300 per tonne on sugar exports until September and also gave the go-ahead to 10% ethanol blending in petrol.

June 24, 2014 8:46 IST | India Infoline News Service
The government has decided to increase the import duty on sugar to 40% from the current 15%, agreed to continue with the subsidy of Rs 3,300 per tonne on sugar exports until September and also gave the go-ahead to 10% ethanol blending in petrol.(ET)

The Reserve Bank of India today directed all banks and financial institutions to provide information and documents sought by the Special Investigation Team (SIT) set up to unearth black money. (ET)

Officials of the finance and the commerce and industry ministries are scheduled to discuss various issues related to Bilateral Investment Promotion and Protection Agreement (BIPA) including the revised model of the pact on June 24.(ET)

The government is looking at increasing private sector's participation in the electricity distribution sector apart from ensuring last-mile funding and low cost of borrowings for projects. (BS)

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