availability of sugar easily in the domestic market and check price riseindia is the biggest producer of sugar in the world and the secondlargest exporter after brazil the country has recorded the highest sugar exports so far in six yearsas per the order issued by dgft with effect from 1st june 2022 till 31st october 2022 or till further order whichever is earlier the export of the sugar will be allowed with specific permission of the directorate of sugar department of food and public distribution a government notification saidthese restrictions wont apply to sugar being exported to the eu and the us under cxl and trq the notification addedgovernment has set a cap of 10 million tonnes for export of sugar during the period of june october 2022 further it has mandated exporters to seek permission from department of food and public distribution before signing any further export contracts during this periodas per industry estimates even prior to this announcement indias sugar export for sugar season ss 2022 oct21 to sep22 had been estimated to be 995 million tonnes india has already exported 82 mmt of sugar in ss 2022 between oct 21 to may22 sugar prices in the domestic market has already factored this export volumes and hence the governments move to put a cap will not be having a significant impact on sugar prices and export volumes up to october 2022 overall sugar prices are expected to rise by 1011 on year during the current season oct 2021 to sep 2022 to rs 35kg however this move to an extent will limit exporters opportunity to reap benefits of increased global sugar prices said pushan sharma director crisil researchthe government is keen to help with inflation management so that monetary tightening is kept to the minimum as a sharp rise in interest rates can derail the economic recovery rbi is expected to hike rates in the june policy meeting and the cumulative rate hike in june and august is likely to be 75 basis pointsa history of monetary and fiscal policy coordination in the indian context for the 30 year period ended fy2020 reveals statistically insignificant negative correlation between the two implying least coordinated policies even as rbi had successfully staved off automatic monetization and even private placement of fresh issues with rbi with the enactment of frbm in 2003 the best thing that has emerged during pandemic is the coordinated policy response by both the government and rbi in staving off the pandemic and now inflation noted sbi in a report timesofindiacom published on may 27 2022 at 0400 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the