Subsidy News
Battling retail inflation, Centre to resume Bharat chana dal sales at subsidised rate of ₹70/kg this week
The discounted chana dal will be sold at ₹70/kg until December.
3 min read22 Oct 2024Is the craze for electric two-wheelers waning in India | Mint Explains | Mint
The video discusses the current state of India’s electric two-wheeler industry, which despite growing sales, is facing challenges such as the government withholding subsidies due to allegations of under-invoicing and not meeting localization requirements. Additionally, a spate of consolidation in the industry has resulted in bigger players taking bigger chunks of the market share while smaller startups struggle. While there is room for growth in the EV market in India, the article suggests that even the most pessimistic projections for EV penetration seem off the charts given the current challenges faced by the industry.
19 Jul 2023Modi Govt’s Fertilizer Subsidy Burden Zooms To ₹3.7 Trillion; Cause For Worry? | Details
The Union Cabinet Committee on economic affairs has approved a total allocation of 3.7 lakh crores towards fertiliser subsidies for this year. The approved 3.7 lakh crore will go towards a bouquet of fertilizer schemes, including the Prime Minister’s PRANAM scheme, urea scheme, and organic manure scheme, to boost the wellbeing of farmers, rejuvenate soil productivity, and ensure food security and environmental sustainability.
29 Jun 2023Centre’s food subsidy likely to reduce in next fiscal. Read here
Food Secretary Sudhansu Pandey on Thursday said that the government’s food subsidy is likely to be a little less than ₹4 lakh crore in the financial year 2021-22
2 min read30 Dec 2021Electric 2-wheeler makers hail FAME II subsidy hike as ’game changer’
Department of Heavy Industry has increased the demand incentive for electric two-wheelers to ₹15,000 per KWh from the earlier uniform subsidy of ₹10,000 per KWh for all EVs
3 min read12 Jun 2021Tesla to cut price on Chinese Model 3 with cheaper batteries
The mass-market Model 3s will sell for 249,900 yuan ($36,800) after government subsidies
1 min read1 Oct 2020Housing subsidy for middle-income group extended till March 2021
Govt extends benefit of interest subsidy on home loans under the Credit Linked Subsidy Scheme for households with annual incomes between ₹6 lakh and ₹18 lakh
2 min read14 May 2020Subsidy on potassic, phosphatic fertilizers for FY21 gets govt nod
The cabinet decision is aimed at ensuring that fertilizers are available to farmers at an affordable priceFertilizer and food are two major subsidy components in the Centre’s annual spending
2 min read23 Apr 2020Parliament canteen subsidy to be out from next session
It is learnt that the subsidy in Parliament canteen might be withdrawn from the next session As per the subsidized rates, a plate of vegetarian ’thali’ costs ₹30, while non-veg ’thali’ costs ₹60 in Parliament canteen
1 min read5 Dec 2019India set to lose major WTO dispute to the US
India’s export subsidy programmes violate WTO pact, a panel has upheldThe ruling, which has been shared with India and the US, will be released to all WTO members around 10 Oct
2 min read29 Sep 2019Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared