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...

On Janaushadhi Diwas this year (i.e., March 7th, 2022), Prime Minister Shri Narendra Modi stated that the poor and the middle-class benefited from the 'Jan Aushadhi Kendras' that were set up to provide generic drugs at affordable prices. He said that the poor and the middle class saved around Rs.13,000 crore through these stores during the COVID-19 pandemic. In the wake of COVID 19 crisis, the 'Bureau of Pharma PSUs of India'...

-Hindustan Times Earlier this week, the ministry released a user manual for online submission of an undertaking on no increase in pollution load due to expansion, on its Parivesh website. The environment ministry has allowed companies operating in several industries, including some polluting ones, to expand capacities on the basis of a self-certification that this will not “increase the pollution load”, creating the room for potential misdeclaration (and misuse), especially in light...

-Down to Earth The pesticides in question continue to be used in India, but are already banned, restricted or withdrawn in other countries Several experts underscored the ill effects of using chemicals excessively in agriculture and stressed on ecologically sound alternatives while backing a recent government draft order to prohibit a bunch of pesticides. Civil society members, citing risks, threats and damage from 27 pesticides, came out in support of a May 14,...

-Press Information Bureau/ Ministry of Finance The Union Minister of Finance and Corporate Affairs Shri Arun Jaitley said that there is a need to conserve water, incentivize agro processing and promote balanced use of fertilizers in order to ensure higher agriculture productivity. The Finance Minister said that in order to achieve the goal of doubling the farmer’s income by 2022, there is need for better storage and marketing facilities for the...