Subsidy Current Affairs - 2019

Category Wise PDF Compilations available at This Link

Centre increases Wheat Import Duty by 40%

With wheat production at record high, government has raised import duty on wheat from existing 30% to 40% to support local farmers interest. The higher duty will help offtake of domestically produced grain by discouraging milers to import wheat but to buy local produce and help protect farm prices. The oversupply in domestic market due Read More…

Month:  Categories: Business, Economy & Banking

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Union Government to introduce Direct Transfer of Fertilizer Subsidy

The Union Government has decided to introduce Direct Benefit Transfer (DBT) system for fertilizer subsidy payments. Under the proposed system, 100% subsidy on various fertilizer grades will be released to the manufacturers and importers on basis of actual sales made by the retailer to the beneficiaries. Key facts Initially, the modified subsidy procedure under DBT Read More…

Month:  Categories: Governance & Politics

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Aadhaar card must for LPG subsidy after November 2016

The Union Government has made Aadhaar card mandatory for availing cooking gas (LPG) subsidies after November 2016. In this regard, the Union Petroleum Ministry has asked Oil marketing companies (OMCs) to facilitate enrollments of Aadhaar of the consumers to avail the subsidy. Currently, the government gives 12 LPG cylinders at subsidised rates per household in Read More…

Month:  Categories: Government Schemes & Projects

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Government to roll out DBT scheme for kerosene from April 1, 2016

The Union Government is going to roll out LPG-like Direct Benefit Transfer (DBT) scheme for kerosene from 1st April 2016. The scheme in the initial phase will be implemented in selected 26 districts of eight states. These states are Haryana, Chhattisgarh, Jharkhand, Himachal Pradesh, Maharashtra, Madhya Pradesh, Punjab and Rajasthan. Under the scheme People will Read More…

Month:  Categories: Government Schemes & Projects

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Union Government links LPG subsidy to income

Union Government has announced to link LPG subsidy to income of consumers in order to ensure that the subsidy benefits go to the targeted group. Henceforth, the LPG subsidy will not be available to LPG consumers if the consumer or his/her spouse has taxable income of more than ten lakh rupees. This income would be Read More…

Month:  Categories: Governance & PoliticsGovernment Schemes & Projects

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India raises concerns over massive subsidization of farm sectors by developed countries at WTO meet

India has raised concerns over massive subsidization of farm sectors by developed (rich) countries. These concerns were raised Union Minister for Commerce and Industry Nirmala Sitharaman during the 10th Ministerial Conference of the World Trade Organisation (WTO) in Nairobi, Kenya. Concerns raised by India Pulled up developed (rich) countries for failing to reduce massive agricultural Read More…

Month:  Categories: Business, Economy & Banking

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CCEA approves production subsidy of Rs 4.50/quintal to Sugarcane farmers

The Cabinet Committee on Economic Affairs (CCEA) has decided to pay a production-linked subsidy of Rs 4.50 per quintal directly to sugarcane farmers in the current crushing season. Decision in this regard was taken at CCEA meeting chaired by Prime Minister Narendra Modi in New Delhi. Key facts This decision aims at helping cash strapped Read More…

Month:  Categories: Business, Economy & Banking

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