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Cabinet approves additional subsidy for P&K fertilisers -Zia Haq

-Hindustan Times The move will cushion prices of crop nutrients that are governed by the Centre’s nutrient-based subsidy (NBS) scheme New Delhi: The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Wednesday approved an additional ₹51,875 crore subsidy for phosphatic and potassic (P&K) fertilisers for the rabi or winter-sown season, amid high global prices. The move will cushion prices of crop nutrients that are governed by the Centre’s nutrient-based...

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Russia-Ukraine war hits Indian tea prices -Avijit Sinha

-The Telegraph At the start of current tea season, tea stakeholders had feared if exports would go down in CIS countries of which Moscow is a part, because of the war Siliguri: The price of Indian teas has seen a dip in Russia and some other countries of the CIS (Commonwealth of Independent States), during the first eight months of the current year, compared to the corresponding period last year. Representatives of the...

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Govt lifts stock restrictions on edible oil for wholesale traders

-Hindustan Times The exemption on stock limits will also apply to big-chain suppliers and super markets, the government added, in a move aimed at easing tight controls over stocking of edible oils due to high prices New Delhi: The Union government said in a notification issued Tuesday that it has lifted restrictions on stocks of edible oil wholesalers can store owing to an increase in global supplies and stable domestic prices. The exemption...

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Production-linked incentives: Dole or incentive? -Shwweta Punj

-IndiaToday.in The production-linked incentive scheme has helped boost India's mobile exports but is yet to show results in some other sectors. Agility and ease of doing business in its implementation will determine its success For over a decade, the share of manufacturing in India’s GDP has remained in the 15-17 per cent range, with various measures by the present and past governments barely helping the needle move. A recent effort to give...

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Agri Workers’ Tiny Wage Rise Wiped Out by Inflation -Subodh Varma

-Newsclick.in In the past five years, agri workers’ wage has increased by only about Rs.15 per year. For those leaders of the country who are tearing their hair trying to figure out how to get the economy moving, boost growth, increase investment and create jobs, it would be instructive to look at the plight of the largest economic class in the country – agricultural labourers. Numbering upward of 14 crore, they are...

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