The fertiliser industry is seeking a higher cap on urea cost than the proposed $340 a tonne for the purpose of calculating subsidy to the new plants. With the fertiliser ministry in the process of finalising recommendations for a New Investment Policy in Urea, the industry also wants that the gas price cap corresponding to the urea price band be increased to $20 a million British thermal unit.

Fertiliser industry wants higher gas price in new urea policy

Business Standard

The fertiliser industry is seeking a higher cap on urea cost than the proposed $340 a tonne, to calculate subsidy to new plants.

Fertiliser sector wants cost input review

The import dependence of the fertiliser sector makes India vulnerable to various price risks. And the ballooning subsidy burden only makes matters worse. James T Prokopanko, chief executive officer of US-based Mosaic Company, a leading potash and phosphate player globally, tells Shaikh Zoaib Saleem that India should time its imports to get favourable prices.

India should time its fertiliser imports: Mosaic CEO

Videocon Group managing director and Rajya Sabha MP Rajkumar Dhoot took over as Assocham (Associated Chambers of Commerce and Industry of India) president today at a time when the global and domestic economic situation has not been something to be upbeat about.

Govt not proactive in perking up industrial growth: Dhoot

The prime minister&rsquo;s office (PMO) is nudging the fertiliser department to facilitate acquisition of potash and phosphate assets abroad by Indian companies, after the recent fiasco in acquiring a stake in Belarussian potash manufacturer Belaruskali.

PMO steps in to make overseas acquisition in fertiliser successful

The fertiliser industry and analysts do not seem to be gung-ho about the new investment policy for urea, which a ministerial panel cleared last week.

Urea policy fails to thrill

The fertiliser sector gets its importance by supplementing foodgrain productivity, which in turn feeds the ever increasing population.

More fertiliser use, but falling response & poorer soil 

After witnessing a 150 per cent rise in prices since the nutrient-based subsidy (NBS) scheme was introduced in April 2010, potash fertilisers might turn dearer again in the coming days, even as the industry has said it may not raise prices for at least three months.

Potash prices headed north

The Federation of Indian Chambers of Commerce and Industry (Ficci) will ask the ruling coalition and the opposition to build a broad consensus on economic reforms and rise above party politics while discussing development.

Let's work together, Ficci to govt & Opposition

India Inc won&rsquo;t seek direct stimulus in the Budget to perk up moderating economic growth, considering the government&rsquo;s tight fiscal situation, but wants finance minister Pranab Mukherjee to propel investments through specific measures.

Shaikh Zoaib Saleem