Business Standard

Discuss freebies and also the subsidies to industries

No doubt, the so-called freebies to the poor must be discussed but the subsidies to the industries must also be discussed in depth


TNC Rajagopalan
Of late, there are lots of discussions about the merits of subsidies for the poor through free food, free electricity, free education, free health care, and so on. However, there is hardly any discussion about the subsidies for the industries and exporters.

Imports of capital goods are allowed duty free under Export Promotion Capital Goods (EPCG), Export Oriented Units, and Special Economic Zones schemes. A panel at the World Trade Organization ruled these schemes as incompatible with the disciplines under the multilateral agreement on subsidies and countervailing measures. Yet the schemes continue, and under a new scheme of Manufacture and Other
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper
Topics : Subsidies

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First Published: Aug 21 2022 | 11:36 PM IST

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