Sugar mills in Maharashtra and Karnataka are preparing for a battle to secure as much sugarcane as possible. Karnataka has set an official date to begin sugar production and will take legal action against mills that do not comply. Meanwhile, the sugar industry in Maharashtra is divided over the best time to start production in order to maximize the chances of obtaining a larger share of the reduced supply of raw material. This situation is causing concern among officials.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,