Minimum support prices for summer crops in India likely to be raised by 5-20% this season

The government may announce higher-than-usual increases in minimum support prices (MSP) for the summer-sown crops in 2022-23, considering a sharp rise in costs of farming inputs. The MSP increases this year could roughly be in the range of 5-20%, the highest since 2018-19 when a new policy of 50% profits over computed cost of production […]

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Tamil Nadu budgets Rs 5,157 crore for FY23 to provide free power to farmers

The Tamil Nadu government said that with a view to providing free electricity to all the farmers across the state, an amount of Rs 5,157.56 crore will be provided to Tamil Nadu Generation and Distribution Coroporation (TANGEDCO), for the fiscal year 2023. Presenting a separate agri budget, Tamil Nadu state government has allocated an amount […]

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Subsidies not optimal solution for clean steel, aluminum: OECD panel

Government subsidies in the steel and aluminum industries do not represent the best approach for achieving decarbonization initiatives because they instead pose the risk of counterintuitively contributing to environmental concerns, industry representatives and observers said. “We’re increasingly seeing subsidies claiming to encourage better environmental practices,” Julia Nielson, deputy director of trade and agriculture for the […]

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New restrictions on banking of power sector to hit country’s renewable energy prospects: JMK Research

New restrictions on banking of power will inhibit the growth of the rooftop and open-access solar market, and potentially slow progress towards India’s national target of 450 gigawatts (GW) of installed renewable capacity by 2030, according to a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research. Banking […]

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