Fundamental reforms in agri-food system is the need of the hour if production has to be increased to feed India’s growing population that is soon set to surpass that of China, a report submitted to a UN conference said. India’s reforms need to focus on lowering transaction costs to achieve marketing efficiency in order to […]
India’s Union ministry of new and renewable energy (MNRE) has said that solar units availing benefits under the modified special incentive package scheme (M-SIPS) programme of electronics ministry will not be eligible for the Rs 4,500-crore production-linked incentive (PLI) scheme for solar module manufacturing. The MNRE released broad guidelines on how PLI scheme can be […]
The government plans to provide incentives to mineral block allocatees for early commencement of production from the auctioned mines, a move aimed at increasing mineral output of the country and reducing imports. The mines ministry plans to do the same through amendment of the mining rules and has sought comments and suggestions from stakeholders on […]
India’s total renewable energy portfolio of installed and in-pipeline projects has crossed 220 GW, significantly higher than the Modi government’s target of installing a green energy capacity of 175 GW by 2020. Earlier in 2015, the government had committed to installing green energy capacity of 100 GW from solar, 60 GW from wind, 10 GW […]
Indian Finance Minister Nirmala Sitharaman on Thursday announced financial outlays for 12 sectors, including a fertiliser subsidy as well as those for housing and infrastructure that will likely drive demand for key commodities. She said the announcement was the third instalment of Atma Nirbhar Bharat (Self Reliant India) programme that was meant to establish the country […]
India’s cabinet on Wednesday announced a production-linked incentive (PLI) programme worth Rs 2 lakh crore ($27 billion) for as many as 10 sectors, including food processing, with the aim of establishing the country as manufacturing hub. “The scheme will make Indian manufacturers globally competitive, attract investment and enhance exports, said Prakash Javadekar, minister for human […]
The Indian government said it has managed to reduce the cane price arrears to Rs 2,700-crore compared to Rs 21,000-crore for the year 2014-15, helping the industry improve its liquidity. “The measures taken by the Government to improve liquidity of the sugar mills enabling them to clear cane price dues of farmers, have a salutary […]
