Page-3 of Subsidies Current Affairs, GK & News
Recently, in a joint proposal submitted to the World Trade Organisation (WTO), India and China have called for elimination of trade-distorting farm subsidies given by developed countries as a prerequisite for consideration of other reforms in domestic support negotiations. This proposal made by India and China is viewed as important in view of the ongoing ..
The Union Ministry of Heavy Industries and Public Enterprises has withdrawn subsidy given to mild hybrid vehicles under FAME India (Faster Adoption and Manufacturing of Hybrid and Electric vehicles in India) scheme. Earlier, mild hybrid, strong hybrid, plug-in hybrid and pure electric vehicles were given incentives under the FAME India scheme. What is mild hybrid ..
The Union Government has notified the Aadhaar (Targeted Delivery of Financial and other Subsidies, benefits and services) Act, 2016. The Act will provide statutory backing for transfer of subsidies and benefits to eligible people having Aadhaar (UID) number. Key facts Aadhaar Act seeks to provide efficient, transparent and targeted delivery of subsidies, benefits and services ..
JAM is an acronym which stands for Jan Dhan Yojna, ADHAAR and Mobile number. It is seen as the biggest reform regarding direct subsidy transfer in terms of cash. Currently there are multitude of subsidy schemes running for the poor through multiple channels. This entails a huge cost along with other problems of corruption, lack ..
Fertilizer subsidy is the difference between the retention price of fertilizers and the price at which fertilizers are made available to consumers. The difference is paid to industry as subsidy. Fertilisers, after oil and food, account for the third-biggest share of India’s total subsidy bill, which is estimated at Rs 2.46 crore for 2014-15. The ..