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The story so far: As part of the second phase of the design-linked incentive (DLI) scheme for the domestic semiconductor industry, the Indian government, according to media reports, is considering a proposal to pick an equity stake in domestic chip design-making companies. The modalities and the timing of the policy are yet to be worked…
Read More “Explained | Mapping India’s chip design ecosystem” »
Oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia on June 4, 2023. | Photo Credit: Reuters The story so far: As India continues to import oil from Russia, it is getting tougher for the country to pay for it. On the one hand, it faces repercussions of breaching the oil price cap…
Read More “Explained | Why are India-Russia trade payments in crisis?” »
The Chinese Ministry of Commerce announced that it would implement export controls on items related to gallium and germanium. | Photo Credit: Reuters The story so far: On July 3, in what is being seen as the country’s retaliatory move in the ‘chip war’, the Chinese Ministry of Commerce announced that it would implement export…
Read More “Explained | Why is China limiting exports of raw materials? ” »
The story so far: News agency Press Trust of India (PTI) learnt from sources that India is in negotiations with Brazil to resolve a long-standing dispute about sugar at the World Trade Organisation (WTO). The Ministry of Commerce and Industry is also coordinating with the concerned departments to arrive at possible alternatives. The same approach…
Read More “Explained | What is the dispute about sugar subsidies at WTO?” »
Union Finance Minister Nirmala Sitharaman with Minister of State for Finance Pankaj Chaudhary addresses a press conference in Mumbai on February 4, 2023. | Photo Credit: PTI The story so far: In the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman chose the path of relative fiscal prudence and projected a decline in fiscal deficit…
Read More “Explained | Is the government on track on fiscal deficit targets?” »
Mangroves are salt-tolerant plant communities found in tropical and subtropical intertidal regions. File | Photo Credit: The Hindu The story so far: The Union Budget for 2023-24 announced an initiative for mangrove plantation along the coastline and on salt pan lands, under MISHTI (Mangrove Initiative for Shoreline Habitats & Tangible Incomes). How do mangroves help? Mangroves…
Read More “Explained | Why have mangroves got a Budget push?” »