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India opposes subsidy and pesticide cuts -GS Mudur

-The Telegraph Union environment minister Bhupender Yadav underscores importance of Subsidies and pesticides in agriculture in developing countries New Delhi: India has opposed global targets to reduce Subsidies and pesticides in agriculture for the sake of biodiversity, asserting that farming provides livelihood to millions in developing countries and that countries should be allowed to determine their national goals. The Union environment minister Bhupender Yadav, delivering India’s national statement at the UN Convention on...

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COP15: India seeks global finance, counters move to reduce Subsidies on fertilisers, pesticides

-Deccan Herald One of the proposals under debate at Montreal is a call for slashing harmful Subsidies by at least $500 billion annually from the estimated $ 1.8 trillion India has sought more public finance to protect its biodiversity and strongly opposed proposals to reduce Subsidies on fertilisers and pesticides for the sake of biodiversity, asserting that the livelihood of hundreds of millions of farmers in the developing world depend on farming.  “Our...

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Global target for pesticide reduction unnecessary: India’s environment minister

-PTI/Siasat.com Currently, more than 40 per cent of India's total workforce is employed in agriculture, according to the World Bank data released till 2019. Montreal: A numerical global target for pesticide reduction in the agriculture sector is unnecessary and must be left for countries to decide, India has said at the UN biodiversity conference here in Canada. Speaking during a high-level segment of the 15th Conference of Parties (COP15) to the Convention on...

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Can Indian Farmers Reap Benefits From Government Subsidies Amid Inflation? -Subhash Chandra Garg

-TheQuint.in After interest payments, food Subsidies, fertiliser subsidy will be third largest single-budget govt expenditure. With the Government seeking an additional appropriation of Rs 1.09 crore through the first supplementary in the current session, India’s fertiliser subsidy bill is set to exceed Rs 2.37 lakh crore this fiscal 2022-23. Govt Expenditures Going Big on Fertiliser Subsidies Excluding interest, pensions, and mandatory transfers to state governments, the revised budgetary discretionary expenditure is likely to be...

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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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