1. LPG Subsidy Boost for Vulnerable HouseholdsThe Indian government has approved a ₹420.6 billion (approx. $4.8 billion) subsidy package to make cooking gas more accessible to low-income families. ₹300 billion is aimed at reducing LPG costs for households, and ₹120.6 billion specifically supports subsidized connections for women in around 100 million impoverished households.2. Employment-Linked Incentive … Read more
NEW DELHI/MUMBAI, Aug 11 (Reuters) – India is planning to provide credit guarantees for loans overdue up to 90 days to small businesses and exporters, amid higher tariffs imposed by the U.S., two government sources told Reuters.The federal finance ministry has proposed to provide 10%-15% credit guarantees to banks for advancing loans to stressed small … Read more
MUMBAI/NEW DELHI Aug 8 (Reuters) – India has approved 300 billion rupees ($3.4 billion) compensation to oil marketing companies for losses incurred in selling subsidised cooking gas, Information and Broadcasting Minister Ashwini Vaishnaw said on Friday.The compensation, approved by Prime Minister Narendra Modi’s cabinet, would be paid to state-run Indian Oil Corp (IOC.NS), opens new … Read more