Subsidies: Current Affairs, GK & News - 2020-2021

Operation Green: 50% Freight Subsidy for agricultural perishables

Published: October 15, 2020

The Ministry of Food Processing and the ministry of Railways have jointly provided subsidised rate of 50% for freight transportation of perishable agriculture produce such as vegetables and fruits. The step is being implemented to boost Operation Green. Operation Green is implemented by Ministry of Food Processing. Key Highlights The ministries will provide 50% subsidies ..

Month: 

Category: 

Topics: 

Union Cabinet approves Nutrient Based Subsidy

Published: April 23, 2020

On April 22, 2020, the Union Cabinet approved to fix Nutrient Based Subsidies for Phosphatic Potassic fertilizers. Highlights The cabinet also approved the use of complex fertilizer namely Ammonium Phosphate. The expenditure to be spent on the subsidy of the fertilizer is expected to be Rs 22,186 crores. The nitrogenous fertilizers are to be provided ..

Month: 

Category: 

Topics: 

IISD: India’s Renewable Subsidies decline by 35%

Published: April 19, 2020

The Council on Energy, Environment and Water (CCEW) and International Institute of Sustainable Development (IISD) recently released a report called “Mapping India’s Energy Subsidies, 2020”. Highlights The report says that India’s energy subsidies have declined by 35% in 2019 as compared to 2017. On the other hand, the oil and gas subsidies have increase by ..

Month: 

Category: 

Topics: 

Pradhan Mantri Ujjwala Yojana: Rs 5,000 crores transferred for free delivery of LPG

Published: April 13, 2020

The GoI has so far transferred Rs 5,000 crores to Pradhan Mantri Ujjwala Yojana (PMUY). This has been done to provide free LPG cylinders to PMUY beneficiaries. What is the plan? The GoI under Pradhan Mantri Garib Kalyan package had announced free delivery of LPG cylinders. Under this initiative, free LPG refills were to be ..

Month: 

Category: 

Topics: 

India appeals against WTO panel’s ruling on export promotion schemes

Published: November 20, 2019

On 18 Nov, India appealed against a World Trade Organization (WTO) dispute settlement panel’s ruling that had recommended withdrawal of its key export subsidy schemes, including the one for special economic zones in the next 90-180 days. Recently, WTO had ruled that exports subsidy programmes Merchandise Exports from India Scheme (MEIS), Export Oriented Units Scheme ..

Category: 

Topics: 

Advertisement