India has completely protected the interests of farmers and fishermen in the recently concluded ministerial conference of the World Trade Organisation (WTO) in Geneva, commerce and industry minister Piyush Goyal said. Goyal, who led the Indian delegation for the WTO talks, also said that the decisions taken in the conference will further strengthen the role […]
The government has limited subsidy on cooking gas LPG for only 9 crore beneficiaries who got free connections under the Ujjwala scheme. Rest of the users including households will pay the market price. Oil Secretary Pankaj Jain at a news briefing said no subsidy is paid on cooking gas since June 2020 and the only […]
Renewable energy subsidies in India after peaking in FY 2017 have fallen by 59 percent to as deployment slowed due to various reasons and therefore more subsidy support will be needed to achieve the 2030 clean energy targets, said a new study by the Council on Energy, Environment and Water (CEEW) and the International Institute […]
India will agree to the WTO’s proposed agreement on fisheries subsidies provided the deal is equitable and does not lock member countries into a disadvantageous position in perpetuity, government sources said on Wednesday. Members of the World Trade Organisation (WTO) are negotiating the agreement with the objective of curbing harmful subsidies to promote sustainable fishing. […]
Micro-fertiliser makers’ body IMMA hailed the proposed bill on plant nutrition management to regulate the sector, but urged the government not to bring any price control mechanism for micronutrients and speciality products. The Indian Micro-Fertilizers Manufacturers Association (IMMA) said in a statement that it welcomes the draft Integrated Plant Nutrition Management (IPNM) Bill 2022 which […]
The government has given its nod to subsidy to the tune of Rs 60,939.23 crore for phosphatic and potassic fertilisers, including Di-Ammonium Phosphate (DAP), for the first six months of the current fiscal as part of its efforts to provide soil nutrients to farmers at affordable prices. “Subsidy has been approved by the Cabinet for […]
India’s fertiliser subsidy is set to touch a record of Rs 1.65 lakh crore and an additional subsidy and revision in the nutrient-based subsidy (NBS) rates are crucial in order to sustain the credit profiles of fertiliser makers, Crisil said in a report. “Our assessment assumes 3 per cent year-on-year growth in demand for fertilisers […]
With retail prices of di-ammonium phosphate (DAP) and muriate of potash (MoP) rising steeply since November 2021, the government may soon announce another sharp increase in the subsidy on these fertilisers in order to reduce the cost of the key farming inputs to farmers, ahead of the kharif sowing season. In FY22, the government had […]
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 […]
India has appealed against a ruling of the World Trade Organization’s (WTO) trade dispute settlement panel which ruled that the country’s domestic support measures for sugar and sugarcane are inconsistent with global trade norms. The appeal was filed by India in the WTO’s Appellate Body, which is the final authority on such trade disputes. India […]
