India maintains nutrient-based subsidy for Phosphorus and Potassium fertilisers for FY22

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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 […]

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Global steel demand to grow by 5.8% in 2021 to reach 1,874.0 million tonnes, says Worldsteel

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Global steel demand will grow by 5.8% in 2021 to reach 1,874.0 million tonnes (Mt), after declining by 0.2% in 2020, worldsteel forecast in its latest short range outlook on Thursday, adding that in 2022 steel demand will see further growth of 2.7% to reach 1,924.6 Mt. The current forecast assumes that the ongoing second […]

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Indian steel industry set to report record sales growth in fourth quarter of fiscal 2021: Analysts

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Strong domestic demand, followed by healthy exports have aided India’s steel industry’s production and sales growth in the fourth quarter of 2020-21 on a sequential basis, say analysts. Revenues of steel companies are expected to improve 20 per cent quarter-on-quarter and 45-50 per cent from a year ago on higher realization and rising demand, led […]

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India to allow rooftop solar installations up to 500 KW to be billed under “net metering”

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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 […]

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Amplus Solar buys rooftop solar assets of Sterlng and Wilson

Gurugram-based Amplus Solar, Asia’s leading distributed energy company providing low carbon energy solutions to industrial and commercial customers, has bought 17 solar rooftop assets of Sterling and Wilson, adding 7.2 megawatt (MW).  A part of the Petronas group of Malaysia, Amplus Solar already has 800 MW plus projects operational in the distributed solar segment and under construction […]

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WTO members including the US question India on several subsidy schemes

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 […]

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