India in process to sanction Rs 20,000 crore aid to manufacture grid-scale batteries

India’s power ministry is proposing a nearly $2.5 billion incentive plan to encourage domestic manufacturing of grid-scale batteries, aiming at bringing down the cost of energy storage to speed up its energy transition, according to a Bloomberg news report. There are early-stage discussions in the government about offering incentives to manufacturers for batteries they produce over a […]

Read more

Kharif castor sowing rises by over 1 lakh hectare while groundnut declines by 7.2% in 2022-23 season: SEA

Kharif castor sowing for 2022-23 season in the country has gone up by over 1,00,000 hectare from 0.74 million hectare to more than 0.88 million hectare due to prevailing higher prices of oilseeds, as per Solvent Extractors’ Association of India (SEAI). In contrast, kharif or monsoon sowing of groundnut in India declined by 0.3 million […]

Read more

Chhattisgarh gets approval for procurement of pulses at MSPs

The Centre has given its nod to the Chhattisgarh government’s plan of procuring arhar (pigeon pea), moong (green gram), and urad (black gram) at minimum support prices (MSPs) in the kharif marketing season 2022-23, Business Standard reports. The Bhupesh Baghel government had announced in July procuring arhar, urad, and moong at MSPs. Farmers will get Rs 6,600 per quintal for moong and urad, […]

Read more

Wheat processors seek permission for imports under advance authorisation scheme

Wheat processors have approached the government to seek permission for wheat import under the advance authorisation scheme, so that they can export value-added products, an official said. An advance authorisation scheme allows duty-free import of inputs, which have to be mandatorily used in products that are required to be exported within a specified time. They […]

Read more