Several sugar firms have approached various courts seeking a stay on the Centre’s December 7 order prohibiting mills from producing ethanol from sugarcane juice in the 2023-24 season. In the absence of a caveat, the courts can pass a stay order without hearing the government, explained the official cited above. The Centre issued the ban to keep a check on rising sugar prices in the domestic market despite restrictions on exports due to lower sugarcane yield in main producer states of Maharashtra and Karnataka.
Global Market Today: Asian stocks, bonds fall on oil, inflation concern
Following a notable rise in oil prices, Asian stocks and bonds faced a downturn, signaling a shift in market sentiment. The latest inflation data has