-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...

-Business Standard Claims that GM mustard will lead to increased yield are incorrect; we must focus on other solutions. India is the fifth-largest producer and also the seventh-largest importer of edible oils in the world. Though significant progress has been made in the production and yield of oilseeds in India, our annual vegetable oil import has been about $10 billion in recent years. The Ministry of Environment is allowing for genetically modified...

-The Hindu There should be differentiation between pet animals, draught animals, commercial animals for food, animals for performance and entertainment, and zoo animals, says head of Poultry Federation of India As the last date to submit views and opinions on the draft Prevention of Cruelty to Animals (Amendment) Bill ended on December 7, questions have been raised, particularly by poultry farmers and farmers, on the lack of clarity in defining cruelty and...

There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...

-Livemint.com A report shows that lost labor from rising heat and humidity could put up to 4.5% of India's GDP –approximately $150-250 billion – at risk by the end of this decade. A report by World Bank has a ominous warning for India and it only spells doom, as the report has stated that India will soon be one of the first countries that will experience severe heatwaves that will break the...