Karnataka BJP MP seeks cut in sugar recovery rate, hike in MSP
New Delhi (PTI): Karnataka BJP leader Iranna B Kadadi on Friday urged the Centre to reduce the recovery rate of sugar from 10.25 per cent to 9.5 per cent and raise the minimum selling price of the sweetener to benefit both cane growers and millers.
Sugar recovery rate is the percentage of sugar extracted from sugarcane.
Raising the issue during Zero Hour in the Rajya Sabha, Kadadi said the recovery rate in Karnataka has been 9.5 per cent and it is necessary to maintain it at that level, even as the Fair and Remunerative Price (FRP) of sugarcane is fixed at a higher recovery rate of 10.25 per cent.
He also demanded that FRP be fixed without taking into account harvesting and transportation costs.
"Since 2019, the minimum sale price of sugar has been kept at only Rs 31 per kg and has not been increased. Due to this, mills are hesitant to pay more to farmers. Since sugar is selling at Rs 40 per kg in retail markets, it is necessary to increase the MSP," the BJP MP said.
Kadadi said Karnataka produces about 270 crore litres of ethanol and the state should be allocated more for marketing.
He said 81 sugar factories are operating in Karnataka and the state ranks third in the country's sugar production, accounting for 16 per cent of the total output.
Around 7.5 lakh hectares of land is under sugarcane cultivation in the state, producing around 45 lakh tonne of sugar annually.
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Karnataka: 2 arrested for duping Belagavi businessman of over Rs 15 crore in ‘digital arrest’ scam
Belagavi (PTI): Two people were arrested in connection with a 'digital arrest' scam in which an 81-year-old businessman allegedly lost over Rs 15 crore after fraudsters posing as CBI officials accused him of involvement in a financial crime, police said on Saturday.
The accused duo -- Venkatesh Sharath Naik and Degavat Sripada Naik -- both residents of Hyderabad, were apprehended during an operation conducted by the investigators recently, they said.
Their arrests followed a detailed investigation into the case registered on March 18 at the Belagavi City Cyber Crime police station.
According to the police, investigators traced 10 beneficiary accounts spread across Hyderabad, Delhi, Punjab, Haryana, Gujarat and West Bengal. A Rs 2 crore transfer to a Hyderabad account provided the breakthrough in the probe, following which on April 6, a Cyber Command Unit team raided locations in Hyderabad, leading to the arrest of the two individuals.
Investigators revealed that the duo had handed over their joint account details, internet banking credentials and cheque books to a handler who remains at large.
According to officials, the senior citizen received multiple calls, including video calls, for nearly six weeks.
The fraudsters claimed that the victim had received a Rs 5 lakh commission for laundering Rs 25 lakh and that complaints had been filed against him for illegal financial activities.
Threatening to arrest him in a money laundering case, they allegedly coerced the victim into sharing his account and financial details with them and transferring the money to a “safe or government account,” they added.
They assured him that the amount would be returned after the investigation. The victim grew suspicious when he received no response from the callers and found all mobile numbers untraceable, according to officials. He then complained to the police.
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