Govt approves FRP of Rs 305 per quintal for Sugarcane farmers

The Cabinet Committee on Economic Affairs, CCEA on Wednesday approved the Fair and Remunerative Price of sugarcane for sugar season 2022-23 (October - September). It has approved the highest ever Fair and Remunerative price, FRP of 305 rupees per quintal for Sugarcane Farmers. The FRP for sugar season 2022-23 is 2.6 percent higher than the current sugar season 2021-22. FRP of sugarcane is fixed to ensure a guaranteed price to sugarcane growers. The decision will benefit five crore sugarcane farmers and their dependents, as well as five lakh workers employed in the sugar mills and related ancillary activities. In the past eight years, the government has increased Fair and Remunerative Prices by more than 34 percent aimed at increasing the income of farmers. 

The Union Cabinet has approved India’s updated Nationally Determined Contribution, NDC to be communicated to the United Nations Framework Convention on Climate Change (UNFCC). The updated NDC seeks to enhance India’s contributions towards the achievement of the strengthening of the global response to the threat of climate change, as agreed under the Paris Agreement. Such action will also help India usher in low emissions growth pathways. It will protect the interests of the country and safeguard its future development needs based on the principles and provisions of the UNFCCC. India at the 26th session of the Conference of the Parties (COP26) to the UNFCCC held in Glasgow, United Kingdom, expressed to intensify its climate action by presenting to the world five nectar elements (Panchamrit) of India’s climate action. This update to India’s existing NDC translates the ‘Panchamrit’ announced at COP 26 into enhanced climate targets.