.....I am not happy with the analysis of cane arrears in the Report, having dealt with the matter during my days with the Reserve Bank of India (RBI). Referring to the issue, the Thorat group made the statement that the mills had several problems such as being unable to arrange for bank credit, though it did not provide any supporting evidence. Cane arrears persisted even in years when banks complained of a lack of credit demand and made excess investments in SLR securities........
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