New Delhi: US and Australia alleged India of giving subsidies to sugarcane farmers far exceeding limits set in global trade norms.The two countries told the WTO that they estimated that over the period 2018-19 to 2021-22, New Delhi provided sugarcane subsidy between 91-100%, which was “vastly in excess of the limits set out” at 10% … Read more
New Delhi: Hero Electric scooter company Hero Electric has approached the Punjab and Haryana High Court seeking relief from recovery of subsidies availed under the government’s flagship scheme to promote electric mobility.The move comes in the backdrop of the Centre considering measures to recover money from three companies who allegedly availed sops wrongfully under the … Read more
Australia will launch subsidies and incentives modelled on similar efforts in the United States and Europe to help the giant commodity exporter bolster domestic manufacturing and promote industries it sees as vital to national security. Darrian Traynor | Stringer | Getty Images Australia will launch subsidies and incentives modelled on similar efforts in the United States … Read more
For centuries, the West has relentlessly pursued market access for their surplus goods. Imperial Britain even resorted to gunboats to open up China to its products, including opium, in the 1840s. Indeed, disposing of surplus products is an important feature of the West’s wealth creation. It is largely what has made the West rich and … Read more
The U.S., despite decades of research and studies, remains without authentic high-speed rail options. Since 1987, investors have attempted to introduce bullet train service to Texas. In 2014, a group organized under the name Texas Central launched the most recent attempt to connect Dallas to Houston with a bullet train that travels more than 200 … Read more
But some “wrong-intentioned” people had treated the scheme as a “cash cow”, according to a report on Economic Half Hour, a programme on state broadcaster CCTV’s finance channel. “Unscrupulous enterprises” colluded with others to generate sales of agricultural machinery and misuse subsidy funds for suspected illegal activities. The report cited the case of farmers in … Read more
