Assam govt announces subsidies to reopen, set up cinema halls in bid to boost entertainment industry
Under the scheme implemented by Assam State Film (Finance and Development) Corporation Limited, the government subsidy cheques were given to five entrepreneurs by the chief minister to set up new theatres.
Profitability of urea makers is likely to surge due to reimbursement of additional fixed cost, as cheaper gas will reduce urea subsidy bill by Rs 12,000 crore, according to a report
The government on Wednesday approved nutrient-based subsidy rates for phosphatic and potassic (P&K) fertilisers for the current financial year with an estimated burden of Rs 22,186 crore on the central exchequer
Odisha chief minister Naveen Patnaik on Thursday wrote to Union minister Ram Vilas Paswan urging the Centre for the immediate release of outstanding public distribution system (PDS) subsidy of Rs 2123 crore.
Cabinet clears Rs 6,268-cr sugar export subsidy; move will help mills in clearing huge sugarcane arrears to farmers
The government on Wednesday announced a Rs 6,268 crore subsidy for export of 6 million tonnes of sugar during the 2019-20 marketing year starting October in order to liquidate surplus domestic stock and help mills in clearing huge sugarcane arrears to farmers
Govt asserts subsidy for promotion of electric mobility will be only for commercial vehicles, not personal usage
The government on Friday asserted that subsidies for the promotion of electric mobility in India will be only for commercial vehicles, and automobiles for personal usage will not be included
India’s government is likely to overshoot the budget deficit target previously set for the current fiscal year, three officials have warned, as a slowing economy creates a big shortfall in tax collections and prompts new stimulus plans
The government is seriously thinking of giving fertiliser subsidy directly to farmers under the second phase of implementation of direct benefit transfer (DBT) scheme, a senior fertiliser ministry official said on Thursday
Govt makes localisation of auto components in e-vehicles mandatory for subsidy benefits, issues draft norms
In January this year, state-owned BHEL had announced that the firm would set up a network of solar-based e-vehicle chargers (SEVC) on the Delhi-Chandigarh highway.
Govt meets fiscal deficit target of 3.4% for FY19 by cutting expenditure, rolled over fuel subsidies
The government has managed to meet the revised fiscal deficit target of 3.4 percent of the GDP after it cut last minute expenditure and rolled over fuel subsidies to make up for the shortfall in tax collection
BJP manifesto: Narendra Modi defies politics of baiting poor with doles, promises steps to alleviate poverty
Narendra Modi seems set to redefine the contours of politics in Lok Sabha Election 2019 by avoiding making any reference to ‘welfarism’
Cabinet likely to clear Rs 10,000 cr FAME II scheme for promotion of electric, hybrid vehicles tomorrow
The Union Cabinet is likely to clear on Thursday a Rs 10,000-crore programme under the FAME-II scheme for promotion of electric and hybrid vehicles
Tata Motors bets big on electric buses as firm bags order for 255 units from various states; to supply 80 e-vehicles to Bengal govt
Tata Motors manufactures electric buses at its Dharwad facility in Karnataka with an initial capacity of producing 125 units a month, which can be ramped up to 200, the official said.
Budget 2019: Piyush Goyal announces 12 crore bonanza for distressed farmers, govt to give Rs 6,000 per year to buy inputs
The Centre announced direct income support of Rs 6,000 per year to farmers holding cultivable land up to two hectare, a move that would benefit 12 crore farmers and cost the exchequer Rs 75,000 crore annually
Govt unlikely to get into a twist over budget propriety by replacing fertiliser subsidy with cash transfers
This year’s budgeted fertiliser subsidy is Rs 70,079 crore. So there will be a change in the form of expenditure, but not of substance.
India likely to overshoot fertilizer aid bill by Rs 30,000 cr on settling old dues; banks may chip in: Report
Since the ministry of finance denied extra money to the ministry of chemicals and fertilizers for this year, the government is considering a “special banking arrangement” for local fertilizer companies.
The government is considering providing a transport subsidy to states for promoting agriculture exports, Commerce Minister Suresh Prabhu said on Thursday
Oil firms not to recoup losses arising from Re 1/litre subsidy on petrol, diesel; suffer losses of about Rs 4,500 cr
Petrol prices, which have been on a decline since 18 October except for one day, are at their lowest level in almost 13 months.
India rejects US charge of subsidising cotton beyond WTO limits; says support extended to protect poor farmers
The US has alleged that India was providing substantial market price support for cotton well in excess of India's WTO spending limits
Govt to give 5% subsidy for non-basmati rice exports for four months; move to help keep local prices steady
The government will give a subsidy of 5 percent for non-basmati rice exports for the four months to 25 March, 2019, the trade ministry said in the order dated 22 November.