India has denounced attempts to link climate issues to economic recovery amid the coronavirus pandemic at the forthcoming G20 talks, saying it will impose a huge developmental cost on developing countries. The US administration has been pushing for a strong climate agenda as part of the process of recovery from the pandemic. According to a […]
India has kept the nutrient-based subsidy rates unchanged for phosphatic and potassic (P&K) fertilisers for the current 2021-22 fiscal till further orders. For the last fiscal, the government had fixed the subsidy rate for nitrogen (N) at Rs 18.78 per kg, phosphate (P) at Rs 14.88 a kg, potash (K) at Rs 10.11 per kg […]
An inter-ministerial Empowered Group 2 (EG2) has initiated several measures to ensure the supply of medical oxygen to various affected states during the Covid-19 pandemic, a Press Information Bureau (PIB) bulletin said on Thursday. Medical oxygen is a critical component in the treatment of Covid affected patients. The surplus stock available with steel plants is being […]
The Indian government is determined to implement compulsory hallmarking of gold jewellery and artefacts from June 1, amid rumours that the scheme’s rollout could be delayed. Hallmarking for gold jewellery started in April 2000 as a voluntary scheme. Around 40 per cent of gold jewellery sold in the country is being hallmarked at present. “No […]
In order to provide relief to the rooftop solar industry, the Indian government is proposing to allow rooftop solar installations with up to 500 kilowatt (kW) capacity to be billed under ‘net metering’. If the proposal is approved, those who have rooftop solar panels will receive higher tariffs from power distribution companies (discoms) for the […]
The Supreme Court of India stayed the National Green Tribunal’s (NGT) last month’s order of stalling operations of Vedanta’s mining plant at Dharbandora in Goa for lack of mandatory environmental clearance. A Bench led by Justice LN Rao, while staying the NGT’s March 4 order, also sought response from Goa Foundation, an NGO, which had […]
The second wave of Covid infections poses a risk to India’s economic growth, but the impact will be less severe than last year, a Moody’s report said on Tuesday. It added that a focus on “micro containment” zones to deal with the current wave of infections, as opposed to a nationwide lockdown, would mitigate the economic […]
Indian industry urged the government to announce Production Linked Incentives (PLI) for vaccine manufacture similar to those announced earlier for ten other sectors in order to deal with the crisis posed by a second wave of Covid. “We need to work on a mission mode to substantially ramp up Covid vaccine manufacturing and supply,” the […]
There is now a faster global growth driven primarily by the US, China and India, World Bank president David Malpass said even as he expressed concern over growing inequality due to the COVID-19 pandemic. He said here is also the concern of inequality in terms of vaccinations and median income that’s not going up very […]
World Trade Organization (WTO) members, especially the US, have questioned India on various subsidy schemes like RoDTEP, a key export tax refund scheme, Agriculture Infrastructure and Development Cess (AIDC), subsidy on crop loans, import duty on cotton and ban on onion exports. Seeking “an update on the operational status and guidelines” of the Remission of […]
