New Delhi: Consumption inequality among rural and urban residents in India declined further in 2023-24 and non-food items continued to dominate average monthly expenses across the country, results of the latest Household Consumption Expenditure Survey (HCES) published Friday showed.The average estimated Monthly Per Capita Consumption Expenditure (MPCE) in rural India rose 9.2% to ₹4,122 in … Read more
Union Minister for Steel and Heavy Industries H D Kumaraswamy questioned the subsidy given to US-based micro chip manufacturer Micron Technology by the Gujarat government while addressing JD(S) party workers, in Bengaluru on June 14, 2024. A day after publicly asking if the subsidy given to US-based micro chip manufacturer Micron Technology is justifiable, Union … Read more
New Delhi: India‘s overall subsidy bill may surge by ₹50,000 crore this fiscal year because of increased expenditure on fertiliser, cooking gas and food security. The government expects to meet this higher spending from savings under other heads in its ₹45-lakh crore FY24 budget. Subsidy outgo for FY24 had been budgeted at ₹4.03 lakh crore, … Read more
Jodhpur: Rajasthan Chief Minister Ashok Gehlot addresses the divisional level workers’ conference against the BJP and the central government, in Jodhpur, Tuesday, March 28, 2023. (PTI Photo)(PTI03_28_2023_000218B) | Photo Credit: PTI Rajasthan Chief Minister Ashok Gehlot on Monday approved a proposal for giving 8% interest subsidy on loans obtained by the members of women’s self … Read more
Rejecting the current text on fisheries subsidy negotiations, India on Tuesday said WTO members engaged in distant water fishing should stop providing any kind of subsides for 25 years as they provide significantly higher support measures and are indiscriminately exploiting the fisheries resources. For every fisher family, India gives barely USD 15 subsidy in a … Read more
To regain the domestic markets of east and north east India lost to sugar mills from Uttar Pradesh, Maharashtra government will deliberate a proposal of giving transport subsidy of Rs 187 crore to the sugar mills. The scheme will be applicable to sale of sugar made to markets served by the railways and which are … Read more
Showcasing Jharkhand as one of the most attractive investment destinations, the state government on Saturday urged industry players to come forward to invest in proposed projects with investment potential of Rs 1 lakh crore and reap rich dividends. Promising that the Jharkhand government did not believe in selling “glass as diamonds”, it said it was … Read more
On December 16, Prime Minister Narendra Modi announced a day of ‘special joy’ for the millions who provide Indians food: farmers. Farmers were to celebrate GoI’s promise to transfer Rs 35 billion in subsidies to them. Modi did not mean farmers who grew food grains, who number more than 250 million, but those numbering 15 … Read more
It may still be possible to inject one more round of stimulus, perhaps in the beginning of the last quarter of FY2021, even if it requires enhancing the currently planned borrowing programme. Synopsis With a pent-up demand in the system, it’s only appropriate that the package focuses largely on the supply side of the economy. … Read more
The Madhya Pradesh government banned medical oxygen’s industrial use which led to a near-closure of many MSMEs, to maintain supplies to hospitals. [REPRESENTATIVE IMAGE] File photo of oxygen cylinders (Photo Credits: PTI) The Madhya Pradesh government has increased the subsidy to set up an oxygen plant at Babai in Hoshangabad district from 26 per cent to … Read more