India slowly gets rid of subsidy on kerosene by gradual smaller price hikes

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The government of India has eliminated subsidy on poor man’s fuel, kerosene through small fortnightly price increases. Kerosene sold through the public distribution system (PDS) is now priced at market rates. The Union Budget for 2021-22 makes no provision for payment of subsidy on kerosene in the fiscal year beginning April, according to budget documents […]

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Indian government offers 50% subsidy for air transportation of fruits, vegetables from north east and Himalayan regions

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The Indian government has announced a scheme under which 50 per cent subsidy will be provided for air transportation of 41 notified fruits and vegetables from North East and Himalayan states to any place in the country. The Food Processing Industries Ministry said the transportation subsidy will be provided as part of the ‘Operation Green […]

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India aims for 350 million tonnes of refining capacity by 2030: Petroleum Minister

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Oil Minister Dharmendra Pradhan said India planned to raise its refining capacity, indicating the country’s dependence on hydrocarbons and fossil fuel, adding that fuel demand was expected to to reach pre-COVID-19 levels in the first quarter of the 2021 calendar year. “India currently has an oil refining capacity of around 250 million tonnes per annum […]

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Subsidised LPG price hiked by Rs 35.55 per cylinder in 5 months: Oil Minister Pradhan

The price of subsidised cooking gas (LPG) has been hiked by Rs 35.55 per cylinder in the last five months, Oil Minister Dharmendra Pradhan said. As per government policy, LPG all over the country is available only at market price. However, households are entitled to buying 12 cylinders of 14.2-kg each at a subsidised rate […]

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US initiates new anti-dumping duty, probes against India and South Korea

The United States has announced the initiation of new anti-dumping duty and countervailing duty investigations to determine whether forged steel fittings from India and South Korea are being dumped in the country and to find if producers in India are receiving unfair subsidies. These investigations were initiated based on petitions filed by Bonney Forge Corporation […]

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Govt approves Rs 6,268 crore subsidy to promote sugar exports

The government of India has announced a Rs 6,268-crore subsidy for export of 6 million tonnes of sugar for 2019-20 marketing year, starting in October, to help cash-strapped mills liquidate surplus and clear sugarcane arrears to farmers. The Cabinet Committee on Economic Affairs (CCEA) has given its approval for providing a lump sum export subsidy […]

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WTO to rule on India Sugar export subsidies

The World Trade Organization (WTO) set up panels to rule on complaints by Australia, Brazil and Guatemala against India’s export subsidies for sugar and sugarcane producers which they assert are illegal, Reuters reported. Last month, India had blocked the first-time request from Australia, Brazil and Guatemala for establishing the panel. But the three complainants made […]

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PM Modi calls upon farmers to cut usage of chemical fertilisers, pesticides

Prime Minister Narendra Modi made an emotional appeal to farmers to reduce use of chemical fertilisers and pesticides by 10-25% to save the soil. He invoked the sacrifices of freedom fighters and asked farmers to get blessings in saving ‘Mother Earth’ by reducing the chemicals used in agriculture. Pointing out that no one has the right to […]

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