Tag indian economy

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Annual Series of Thematic Deliberations on Union Budget 2024-25: Day 2 of Budget Discussion

The IMPRI Center for Work and Welfare (CWW) and the IMPRI Center for the Study of Finance and Economics (CSFE) recently organized an insightful panel discussion on the theme "Employment, Livelihoods & Interim Budget 2024-25" and "Cities, Local Governance, and Interim Union Budget 2024-25" as part of the IMPRI 4th Annual Series of Thematic Deliberations on Union Budget 2023-24. This virtual event, held on February 3, 2024, brought together prominent experts to delve into the implications of the interim budget on various facets of the Indian economy.
Onion Prices: A Perennial Problem

Onion Prices: A Perennial Problem

In response to the exponential hike in onion prices in the mandis (wholesale fruit and vegetable bazaars) and retail markets, the Union Government reintroduced stock limits on October 23 on traders and wholesalers by invoking a provision of the newly-amended Essential Commodities Act of 1955. Before this, to ease rising prices, the Government had banned export of the bulb and relaxed import norms to increase the stocks available for retail trade.
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Why is PLI Scheme Suboptimal?

India’s Production Linked Incentive (PLI) scheme, launched in 2020 with high expectations, aimed to provide a subsidy of Rs 1.9 lakh crore over six years. However, as of March 2023, only Rs 3,400 crore in claims have been received and Rs 2,900 crore disbursed. The scheme had, therefore, experienced a significant shortfall.