Subsidies

During his exclusive interview with Asianet News Network, Prime Minister Narendra Modi expressed concern over the persistence of the VIP culture, tracing its origins back to the colonial era. Modi emphasized his commitment to ending VIP entitlements and promoting the principle of 'Every Person is Important' (EPI).

After Congress released its manifesto for Lok Sabha Elections 2024, an unverified video of Rahul Gandhi's political advisor Sam Pitroda discussing the potential imposition of higher taxes on the middle-class to fulfill the party's promises of sops and subsidies went viral on social media.

Union Energy Minister RK Singh cautions states on providing free electricity due to debt concerns, highlighting Punjab's reliance on loans for such schemes. He urges fiscal responsibility, warning against exacerbating debt through populist measures. Singh's remarks underscore broader debates on the sustainability of welfare programs in state economies.

Delhi Chief Minister Arvind Kejriwal extended the free electricity bill and subsidies scheme till March 31, 2025. CM Kejriwal congratulated the people of Delhi, adding that the free electricity scheme is now also extended to the lawyers’ chambers.

Citing unfair competition practices, the senators claim that US manufacturers struggle to compete with low-cost Chinese competitors relying on forced labor and state subsidies in key sectors.

As per a Bloomberg report quoting sources familiar with the matter, Israel’s Tower Semiconductor Ltd has proposed a $9 billion plant, while India’s Tata Group has presented an $8 billion chip fabrication unit.

The ongoing farmers' agitation in India, primarily led by farmers from Punjab and Haryana, is centered around demands for legal assurances regarding Minimum Support Price (MSP) and withdrawal from the World Trade Organization (WTO). Farmers oppose WTO rules that limit domestic subsidies and hinder their demands for MSP.

Observing the swift growth of the Indian economy amidst a global slowdown, the Confederation of Indian Industry (CII) has put forth several policy recommendations for the Narendra Modi government. These suggestions are anticipated to be potentially announced in the upcoming Interim Budget 2024.

Infosys co-founder NR Narayana Murthy's recent statement advocating against free services and subsidies has sparked a range of reactions from netizens. Murthy suggested that individuals benefiting from government services and subsidies should contribute back to society for its betterment.

The Indian government has taken a series of proactive measures to address rising onion prices and ensure the availability of onions to domestic consumers. This includes the aggressive retail sale of onions at a subsidized price of Rs 25 per kg.

Karnataka CM Siddaramaiah introduces insurance coverage for delivery boys, emphasizing social security. Construction workers will receive subsidies. Healthcare facilities will be enhanced with investments in ESI hospitals, trauma centers, disease diagnosis centres, and AYUSH divisions.

Normally prolific on social media, Wagner boss Yevgeny Prigozhin was last heard from on Telegram a week ago after the aborted munity, despite a rumoured sighting in Moscow.

Ukraine PM Denys Shmyhal said the loan from World Bank will help support subsidies for internally displaced people and pension payments.

Let's take a look at government subsidies and their impact on medical insurance.

In his budget speech, Cheema said that this year's budget focuses on farmers and the agricultural sector. This is the first full budget of the Aam Aadmi Party (AAP) government which came to power in Punjab last year with a thumping majority.