-Outlook The Cabinet Committee on Economic Affairs (CCEA) today approved a Urea investment policy that is likely to incentivise fertiliser firms setting up new plants and expanding existing capacity. India imports over 30 per cent of Urea requirement and the policy aims at reducing that. But, it is unlikely to have any impact on existing prices. "The new Urea investment policy has been cleared," sources said after the CCEA meeting here. The policy, which...
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Agriculture growth target 8%
-The Indian Express Economy Govt drafts plan to boost farming, allied sectors with Central fund. Kolkata: To boost the state’s economy, the Trinamool Congress government has set up an ambitious target of 8 per cent growth rate in agriculture and allied sectors for the next fiscal year. The current growth rate in agriculture is a mere 2.6 per cent. A draft proposal prepared by the Agriculture Department on the ways to achieve the...
More »'68 % Milk in Country Non-Conforming to FSSAI Standard'
-Outlook Over 68 per cent of milk in the country does not conform to the standards set by the Food Safety and Standards Authority of India (FSSAI), the Centre has told the Supreme Court on a plea for checking sale of synthetic and adulterated milk and various dairy products. The submission has been made by the Centre in its affidavit which referred to a survey conducted by the FSSAI, which had found...
More »Still afraid of reform
-The Business Standard Cabinet decisions on fertiliser are not enough Of the two fertiliser-related decisions taken by the Cabinet Committee on Economic Affairs at its recent meeting, the token hike of Rs 50 per tonne in Urea prices is inconsequential, and the new mechanism for subsidising fertiliser is problematic. An increase of less than one per cent in Urea prices will do little to bring down the subsidy bill or to reduce...
More »Govt to switch to cash transfers to deal with an unwieldy subsidy bill -Siddharth & Surojit Gupta
-The Times of India The government is set to step up its push for cash transfer of subsidies and adopt it as a policy doctrine in the run-up to elections, with two pilot projects validating the assumption that it would lead to significant savings for the government while enhancing benefits for users. A pilot project for cooking gas in Mysore run by state-run oil companies saw the number of connections dropping 40%...
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