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Fiscal consolidation expected on the back of lower subsidy payments  The Central government's fiscal deficit is expected to narrow to 5.9 per cent of GDP in F2024 from 6.4 per cent in F2023, Morgan Stanley said in a report. "We expect fiscal consolidation on the back of lower subsidy payments, which will also ensure that focus on public capex spending is sustained, thus supporting the growth outlook," the report said. Expenditure ratio is expected to moderately driven by lower subsidy spending, mix of expenditure to improve. The pa...
Fiscal consolidation expected on the back of lower subsidy payments
Fiscal consolidation expected on the back of lower subsidy payments
Source: IANS
18/01/2023 12:38:04 PM
'India must significantly step up clean energy subsidies to meet 2030 targets' After peaking in FY-2017, the renewable energy subsidies have fallen in India by 59 per cent as deployment slowed for various reasons and more support -- including subsidies -- will be needed to scale up renewable to achieve the 2030 targets of clean energy, a new study released on Tuesday said. "Renewable energy subsidies in India have fallen by 59 per cent to Rs 6,767 crore after peaking at Rs 16,312 crore in FY-2017 as deployment slowed during Covid-19 pandemic-induced lockdowns an...
'India must significantly step up clean energy subsidies to meet 2030 targets'
'India must significantly step up clean energy subsidies to meet 2030 targets'
Source: IANS
1/06/2022 8:55:18 AM
MSMEs to get subsidies to adopt 'zero defect zero effect' practices The Micro, Small, and Medium Enterprises Ministry has launched an extensive drive to enable and facilitate MSMEs adopt 'Zero Defect Zero Effect' (ZED) practices and motivate and incentivise them for such product certification while also encouraging them to become champions in their respective space. Through the journey of ZED certification, MSMEs can reduce wastage substantially, increase productivity, enhance environmental consciousness, save energy, optimally use natural resource...
MSMEs to get subsidies to adopt 'zero defect zero effect' practices
MSMEs to get subsidies to adopt 'zero defect zero effect' practices
Source: IANS
28/04/2022 5:29:47 PM
India approves $8 billion subsidy for phosphate-based fertilizers NEW DELHI - India will provide a subsidy of 609.4 billion rupees ($7.96 billion) for phosphatic and potash-based fertilisers over the coming months to insulate farmers from higher global prices, information and broadcasting minister Anurag Singh Thakur said. The subsidy will cover the period to September 2022. India provided a subsidy of 571.5 billion rupees for the previous 12 month period ending March 31, the minister said. A subsidy of 2,501 rupees for each 50 kg bag of the crop...
India approves $8 billion subsidy for phosphate-based fertilizers
India approves $8 billion subsidy for phosphate-based fertilizers
Source: Reuters
27/04/2022 5:07:04 PM
Price Woes: Fertiliser subsidy bill set to touch Rs 1.65 lk cr The Centre's fertiliser subsidy bill is set to touch an all-time high of Rs 1.65 lakh crore this fiscal against Rs 1.05 lakh crore budgeted, due to an unprecedented rise in the cost of raw materials. As per Crisil Ratings, in the past two fiscals, it has paid an additional Rs 1.2 lakh crore and increased the budgeted subsidy. However, the credit ratings agency said that steep rise in raw material prices has been negating this, and another intervention may be needed in this fiscal. ...
Price Woes: Fertiliser subsidy bill set to touch Rs 1.65 lk cr
Price Woes: Fertiliser subsidy bill set to touch Rs 1.65 lk cr
Source: IANS
21/04/2022 3:21:02 PM
India's cabinet likely to consider raising fertiliser subsidy NEW DELHI - India's cabinet is likely to consider raising the country's fertiliser subsidy at a meeting on Wednesday, government sources said on Tuesday. India needs to raise the subsidy because of a sharp increase in the price of crop nutrients in global markets and rising energy costs, said the sources, who declined to be named because they are not authorised to speak to the media.   (Reporting by Nidhi Verma; Editing by David Goodman)
India's cabinet likely to consider raising fertiliser subsidy
India's cabinet likely to consider raising fertiliser subsidy
Source: Reuters
12/04/2022 5:41:07 PM
Food subsidy still very high, scope for further reduction: Parliamentary panel The Standing Committee on Food, Consumer Affairs and Public Distribution has appreciated the government's efforts to cut the Bill on food subsidy during 2021-22 in comparison to 2020-21. However, the Committee feels that food subsidy is still very high and there is still scope to reduce it further. It noted that allocation of funds - in respect of food subsidy during 2021-22 is Rs 2,90,573.11 crore but actual expenditure as on February 11, 2022, is Rs 2,20,445.61 crore only i.e. 76 per ce...
Food subsidy still very high, scope for further reduction: Parliamentary panel
Food subsidy still very high, scope for further reduction: Parliamentary panel
Source: Accord Fintech
23/03/2022 12:38:08 PM
Indian mills sign sugar export deals without government subsidy MUMBAI  - Indian sugar mills have started selling sugar without the support of government subsidies, which could lift exports by 14% from a year ago to a record 6.5 million tonnes in 2020/21, industry officials told Reuters on Wednesday. The exports will help the world's second-biggest sugar producer to lower stockpiles and support local prices, which, at odds with the global market, have been under pressure from oversupply at home. They could also cap a rally in benchmark pric...
Indian mills sign sugar export deals without government subsidy
Indian mills sign sugar export deals without government subsidy
Source: Reuters
27/05/2021 9:24:04 AM