Urgent agricultural reforms needed to feed India’s growing population – report

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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 […]

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Solar plants availing benefit under M-SIPS not eligible for solar PLI scheme

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 […]

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India planning incentives for early commencement of production from auctioned mines

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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 […]

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India exceeds government target of 175 GW renewable energy by 2020; touches 220 gigawatts

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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 […]

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India announces 12-point boost for economy to add to festival cheer

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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 […]

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India approves $27 billion production-linked incentives for 10 manufacturing sectors, including food

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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 […]

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