Why Modi government may scrap 100% duty on sugar imports
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India, the world's second-largest sugar producer, is mulling a cut in its import duty on sugar.
The move comes as domestic prices of the commodity have hit a record high amid weak monsoon rains and rising festival-season demand.
Officials are considering proposals to lower or even scrap the 100% tax on inbound shipments to boost local supplies.
The move comes as domestic prices of the commodity have hit a record high amid weak monsoon rains and rising festival-season demand.
Officials are considering proposals to lower or even scrap the 100% tax on inbound shipments to boost local supplies.
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