7. Government Approves Sugar Subsidy: On Wednesday, the government approved Rs 6,268 crore export subsidy for 60 lakh tonnes of sugar. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi. A lump sum export subsidy of Rs 10,448 per tonne will be given to sugar mills in the 2019-20 marketing year (October-September), costing the exchequer Rs 6,268 crore as a subsidy, said Prakash Javadekar. (Image: Reuters)