The Hindu : National : Cabinet clears bill enabling cooperative societies to become autonomous

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Cabinet clears bill enabling cooperative societies to become autonomous

Gargi Parsai

NEW DELHI: The Union Cabinet on Thursday gave its approval to the proposal of the Agriculture Ministry to introduce the Constitution (One Hundred and Tenth Amendment) Bill, 2009 in the coming winter session of Parliament for incorporation of special provisions relating to cooperative societies enabling them to become autonomous.

The Cabinet, chaired by Prime Minister Manmohan Singh, also gave its ex-post approval to the amendment to the Essential Commodities Act 1955 and Sugarcane (Control) Order 1966 for changing the concept of “minimum price” to “fair and remunerative price” (F&RP) of sugarcane that was done through an ordinance promulgated earlier this month.

Following these amendments, a F&RP of sugarcane to be paid by sugar mills in 2009-10 sugar season has been approved by the government at Rs. 129.84 a quintal linked to 9.5 per cent recovery subject to a premium of Rs. 1.37 a quintal for every 0.1 per cent increase in the recovery above 9.5 per cent. This price will be uniformly applicable in all the States.

By introducing F&RP from 2009-10 sugar season, the sugarcane farmers will get a higher price for sugarcane in the 2009-10 season, compared with Rs.107.76 a quintal fixed on June 25, 2009.

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