-The Hindu Business Line From easing access to credit to leveraging the PLI scheme, MSMEs can tap into a range of policy initiatives In November 2021 the government announced the Special Credit Linked Capital Subsidy Scheme for the MSMEs (Micro Small and Medium Enterprises) in the services sector. The scheme has a provision of 25 per cent capital Subsidy for procurement of service equipment through institutional credit to the SMEs for advancement...
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The WTO’s challenge to MSP is another frontier to cross -Prabhash Ranjan
-The Hindu The need is to convince farmers of other effective policy interventions that are World Trade Organization compatible The demand of farmers to provide a legal guarantee for the minimum support price (MSP) for their produce has triggered a nationwide debate. Some believe it would be “fiscally ruinous” to procure all the 23 crops for which MSP is announced annually. Others contend that procuring these crops would be a logistical nightmare....
More »India’s fertiliser Subsidy set to rise by 62% in current financial year: Crisil
-The Hindu Business Line This is on the back of swift rise in prices of raw materials and global natural gas India is likely to witness an unprecedented jump in the Central government’s fertiliser Subsidy on the back of swift rise in prices of raw materials and global natural gas. According to ratings agency Crisil, the government’s fertiliser Subsidy bill is likely to be higher by ₹50,000 crore to touch the total...
More »Crop insurance claims over Rs 3,300 crore pending due to payment failure, delay in state Subsidy -Shagun Kapil
-Down to Earth Farmers belonging Jharkhand, Karnataka, Telangana, and Maharashtra have the highest amounts pending under insurance claims Over Rs 3,300 crore is pending in payment to farmers across India in crop insurance claims since 2018-19 under the government’s flagship crop insurance scheme, due to ‘payment failure’ and delay in state Subsidy. An amount of Rs 3,372.72 crore out of claims worth Rs 66,460 crore in the last three years under the Pradhan...
More »Reforming the fertilizer sector -Ramesh Chand and Yogesh Suri
-The Hindu In order to address the multiple goals of fertilizer policy, India needs to work on four key areas Since 1991, when economic reforms began in India, several attempts have been made to reform the fertilizer sector to keep a check on the rising fertilizer Subsidy bill, promote the efficient use of fertilizers, achieve balanced use of N, P, and K (nitrogen, phosphorus, and potassium), and reduce water and air pollution...
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