India successful in protecting interests of farmers and fishermen at the WTO meet: Piyush Goyal

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 […]

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India insists on equitable deal on fisheries to WTO

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. […]

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Micro-fertiliser makers’ body, IMMA urges government not to control prices of micronutrients

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 […]

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India approves over Rs 60,000 crore subsidy for phosphorus and potassium-based fertilisers (DAP) for April-September 2022 period

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 […]

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India likely to hike further subsidy on ‘decontrolled’ fertilisers, because of spiraling prices

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 […]

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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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