Karnataka releases Rs 300 cr aid for sugarcane growers, Rs 50 per tonne to be credited directly
Bengaluru (PTI): The Karnataka government has released Rs 300 crore as financial assistance to sugarcane growers for the 2025-26 season, with Rs 50 per tonne to be credited directly to farmers who supplied cane to sugar factories across the state, Minister Shivanand Patil said on Wednesday.
The assistance forms part of the state's commitment to provide Rs 100 per tonne over and above the Fair and Remunerative Price (FRP), with the burden to be shared equally between the government and sugar factories, he added.
"As announced by the state government, Rs 300 crore has been released as financial assistance of Rs 50 per tonne to farmers who supplied sugarcane to sugar factories in the state during the 2025-26 season," Patil, who holds Sugarcane Development, Sugar, Textiles and Agricultural Marketing said in a statement.
The minister recalled that at a meeting of sugar factory owners and sugarcane growers convened by the chief minister at Vidhana Soudha on November 8 last year, a decision was taken to provide Rs 100 per tonne over and above FRP.
"It was decided that of the Rs 100 assistance, the state government would bear Rs 50 and the sugar factories would contribute Rs 50," Patil said, adding that the government has now released its share of Rs 300 crore in accordance with the decision.
Based on proposals submitted by sugar factories, the Sugarcane Development Commissioner will release the funds to the Deputy Commissioners. Directions have been issued to ensure that Rs 50 per tonne is directly credited into the bank accounts of farmers, based on the quantity of cane supplied, he said.
Similarly, the Deputy Commissioners have been instructed to ensure that sugar factory managements provide their share of Rs 50 per tonne to eligible farmers, Patil explained.
Providing details of the ongoing crushing season, the minister said, "So far, 521 lakh metric tonne of sugarcane have been crushed, and about 600 lakh metric tonne are expected to be crushed during the season."
During the 2025-26 season, 81 sugar factories have undertaken crushing operations, of which 29 have completed the process, he added.
According to him, the crushing season is expected to conclude by the first week of March, and the financial assistance has been calculated based on the estimated crushing of 600 lakh metric tonne, the minister added.
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ED attaches Anil Ambani's 'Abode' worth Rs 3,716 crore in PMLA case
New Delhi (PTI): The Enforcement Directorate on Wednesday said it has attached Reliance Group chairman Anil Ambani's Mumbai house, 'Abode', worth Rs 3,716 crore under the anti-money laundering law.
The attachment comes a day before Ambani, 66, is expected to appear before the federal probe agency here for his second round of questioning on Thursday in a case linked to the alleged bank loan fraud involving Reliance Communications (RCOM).
The luxurious house, which is stated to be 66-metre high with 17 floors, is located in the Pali Hill area of Mumbai.
A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach the multi-storeyed house in the case linked to an alleged bank fraud by Ambani's group company RCOM, the federal probe agency said in a statement.
It stated that the value of the attached asset was Rs 3,716.83 crore.
A part of this property, worth Rs 473.17 crore, was similarly attached by the ED in November, 2025.
RCOM and its group companies availed loans from domestic and foreign lenders with a total outstanding of Rs 40,185 crore, as per the ED.
An email sent by PTI to the Reliance Group seeking comment on the development remained unanswered.
The ED issues a provisional attachment order against an immovable or movable asset to prevent the accused from transacting, selling, or transferring it during the investigation.
Once the PMLA Adjudicating Authority confirms this order within the stipulated 180 days, the ED can confiscate the property and, in the case of a house, ask residents to vacate it.
Probe found that, among other assets, the Pali Hill property (Abode) was aggregated into the RiseE Trust, a private family trust of the members of Ambani's family.
"This was done to make it appear as though Mr Anil Ambani is not involved. The intended effect of this corporate restructuring was to ensure wealth preservation and resource generation by aggregation of the property in the RiseE Trust and shield it from the personal liabilities of Mr Anil Ambani in the form of Personal Guarantees extended by him to lender banks against the loans sanctioned to RCOM," the agency claimed.
It added that the property was intended to be "beneficially" used and owned by the Anil Ambani family and not for the distressed public banks whose loans became non-performing assets (NPAs).
With the latest order, the total value of the attachment in this case stands at about Rs 15,700 crore.
Ambani is expected to appear before the federal probe agency here for his second round of questioning on Thursday.
He first deposed before the ED in August 2025 and had his statement recorded under the PMLA.
The agency recently constituted a special investigation team to probe multiple cases of alleged bank fraud and linked financial irregularities against the Anil Dhirubhai Ambani Group (ADAG) on the directions of the Supreme Court.
