India’s food ministry asks states to cut mandi tax and other levies to 2% of the MSP

To control rising expenses, the Union government has asked grain-surplus states to initiate measures including restricting statutory charges such as mandi fees, rural development cess and other procurement expenses to 2% or less on the minimum support price (MSP) provided to farmers. It also asked states to follow an open tendering process to cut costs […]

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High coal prices proving to be a headache for power generating companies

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Irregular payments by state-owned distribution companies (discoms) to power generation companies (gencos) has been a chronic problem of India’s power sector. High prices of domestic coal, which accounts for up to 80 per cent of power production costs is further adversely affecting the balance sheet of power producers. Domestic coal prices are high not due […]

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States in India asked to waive trade fee (Mandi tax) on e-NAM platform

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After the new farm bills that recently became laws to allow barrier-free trading of agriculture commodities across the country, the Centre has asked states in India to reduce the mandi tax to 0.5 per cent. As a first step, the market fees on the electronic National Agriculture Market (e-NAM) platform must be reduced, the Centre […]

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India slaps tariffs on welded stainless steel pipes/tubes from China, Vietnam

India has imposed tariffs on welded stainless steel pipes and tubes from China and Vietnam for five years effective July 31, the Ministry of Commerce and Industry said. “The product under consideration has been exported to India from subject countries at subsidized value, thus resulting in subsidization of the product,” the Ministry said adding as […]

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Indonesia relaxes levies on palm oil

Indonesia has relaxed rules on levies for palm oil and derivative products effective immediately following a drop in palm oil prices, according to the Indonesian  finance ministry regulation uploaded on a government website. Indonesia, the world’s top exporter of palm oil, will not collect levies from palm exporters when prices are below a threshold of […]

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