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Fertilizer subsidies are expected to hit an all-time high of Rs 1.65 crore this fiscal year against the budget estimate of Rs 1.05 crore due to an unprecedented rise in the cost of raw materials and fertilizers in the world, according to a report. India’s fertilizer subsidies are expected to reach a record Rs 1,650 …
A quarter of India’s power generation capacity has been shut down, mainly due to fuel shortages. At a time when Idia’s electricity demand is growing at its fastest rate in decades, almost a quarter of all installed thermal, nuclear and hydroelectric capacity is being shut down. According to the monitoring report of the Central Electricity …
When Prime Minister Narendra Modi reported on rising fuel prices in many opposition-ruled states, including Rajasthan, Chief Minister Ashok Gehlot said on Wednesday that the prime minister “accidentally mentioned Jaipur instead of saying Bhopal” as gasoline and diesel cost more in BJP. ruled Madhya Pradesh. The Congress leader also said that the Rajasthan government has …
The Finance Department said on Wednesday that the center has already released eight months of GST allocation to states for the fiscal year ending March 2022 and that there are Rs 78,704 crore outstanding due to insufficient funds in the fund. In a statement, the ministry said that normally GST compensation is released for 10 …
The union cabinet approved on March 26 a six-month extension (of 1 in addition to his normal quota of food grains under the National Food Safety Act (NFSA)) to Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY). The PDG press release further stated that the government will spend Rs 80,000 crore on 24.4 million tonnes (t) …
Indonesia, the world’s largest exporter of cooking oils, will expand its export ban to include crude palm oil, adding to uncertainty in a market that has seen skyrocketing price volatility and threatens to worsen global inflation. food. The ban will extend to crude palm oil, RBD palm oil, and used cooking oil, Coordinating Minister for …
The Employees Provident Fund Organization (EPFO) Universal Account Number (UAN) and the new informal sector workers database are expected to be interoperable to provide a transparent backbone for universal social security coverage in the broader labor market. “One registry and one UAN should be enough for all workers in the labor ecosystem,” a senior government …
US economic growth contracted 1.4% on an annualized basis in the first quarter of 2022 as the Omicron variant of COVID-19 and reduced government spending hit consumers and businesses, data showed the government on Thursday. The data was much worse than the modest increase analysts had expected after the economy grew 6.9% in the last …