Government of India denies any instance of HT Bt cotton cultivation in the Parliament

The government last week informed the Parliament that “no instances of illegal cultivation of genetically modified (GM) herbicide-tolerant (HT) cotton have come to notice.” “As per state government of Maharashtra, no instances of illegal cultivation of GM cotton (HT) have come to notice. However some cases of sale of illegal Bt cotton seeds (HT-Bt) have […]

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Government of India allows export of bio-fuels from special economic zones, EoUs

The government of India has allowed export of bio-fuels from special economic zones (SEZs) and export-oriented units (EoUs) with certain conditions, according to a notice of the directorate general of foreign trade. In August 2018, the government had imposed restrictions on export of bio-fuels for non-fuel purposes. After this restriction, exporters operating from SEZs and […]

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Government of India withdraws duty free gold import for jewellery exporters

The Director General of Foreign Trade (DGFT) issued a public notice last week to discontinue duty free import of gold before exports. The move is meant to arrest the misuse of incentives offered on gold jewellery export.. The restricting move by the government has come a few months after the exposure of a scam in large jewellery houses in February […]

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Domestic trade wants Indian government to include pulses in the country’s public distribution system

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The India Pulses and Grains Association (IPGA) has asked the government to supply pulses through its public distribution system (PDS) to provide better price realisation to farmers and ensure the country’s nutritional security. The demand has been placed with the consumer affairs ministry, which pointed out that under the National Food Security Law, while the […]

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Rabobank, UN Environment agency announce new $1 billion partnership to kickstart climate smart agriculture

Rabobank and the UN Environment agency have announced the creation of a new $1 billion facility to finance sustainable agriculture using a combination of public and private funding. Together, they have also invite other interested financial institutions to sign up and work actively with global food companies to put this into practice. The facility aims […]

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GST should boost India’s long-term growth prospects; short-term pain seen – Fitch

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India’s new Goods and Services Tax (GST) will unify the indirect tax system and remove domestic barriers to trade, which should support productivity gains and GDP growth over the long term, Fitch Ratings said in a note. The GST that came into effect on 1 July is relatively complex, including multiple tax rates for different […]

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How increasing urbanisation is changing energy footprints

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Twenty-five years ago there were only 10 urban areas in the world that could boast more than 10 million inhabitants. Now there are more than 35 so-called “megacities” worldwide, and by 2040 the United Nations estimates that nearly 65 percent of the world’s population will call cities home. According to Demographia’s latest World Urban Areas report, 37 urban areas provided […]

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India approves new steel policy; govt projects to use only locally made steel and iron products

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India has approved a new policy under which locally produced steel and iron products will get preference over imports in all government projects as part of a bigger plan to boost local steel capacity to 300 million tonnes (MT) by 2030. A government statement said the cabinet had approved the new steel policy that charts […]

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