The Delhi High Court Monday asked the Tihar jail authorities to file a report on the current medical condition of RJD Rajya Sabha MP Amarendra Dhari Singh
The government spent Rs 5.3 trillion in food subsidies during the pandemic-hit last year--over five-fold increase over 2019-20 when it spent Rs 1.08 trillion
A govt statement said the Centre would spend an additional Rs 14,775 cr on fertiliser subsidy in the current financial year
Plan is to replace use of imported ammonia in farming, petroleum, steel and other sectors; Gadkari bats for all govt vehicles to go electric
These could include direct cash transfer, encouraging rational use of fertilisers
State-owned fertiliser firm RCF has sold industrial products worth Rs 200 crore till July 27 in this financial year.
FAI Director General Satish Chander demanded that the government should clear subsidy arrears at the earliest as delay in payments is hurting liquidity of manufacturers
This decision would promote transportation of fertilisers through coastal shipping under the Ministry's flagship Sagarmala programme
Companies claim farmers could have been shielded if Centre had released additional subsidy during the year
The country consumes 55 million tonne of fertilisers annually, of which 72 per cent is domestically produced while the rest is imported, says India Ratings and Research (Ind-Ra)
Consumption to rise 20% till 2024; neem coating and direct benefits transfer not yet proven successful
The country's import dependence for urea stands at 20-25% of the total demand
Fertiliser companies are likely to pass on subsidy benefit to consumers
Prime Minister Narendra Modi's cabinet last week cut potash subsidies by 20 per cent
Madras Fertiliser, Rama Phosphates, RCF and FACT have surged more than 10% each.
Fresh triggers after the note ban have helped fertiliser stocks not only gain lost ground but register good returns.Expectations of a decline in subsidy receivables in FY18 after the Union Budget, hopes of demand improvement following the UP elections, as well as talk of fast-tracking fertiliser reforms have helped these stocks gain in the past few months. With these gains, the one-year returns given by these stocks too have been phenomenal. Coromandel International, Chambal Fertilisers, GSFC, Tata Chemicals, Deepak Fertilisers, etc have gained 52-98 per cent in the past one year. There could be more gains ahead.This reversal in fortunes for fertiliser stocks in FY17 comes after three challenging years. The deficient monsoons, high raw material prices, elevated subsidy receivables, and policy stagnation had contributed to their underperformance earlier. While substantial improvement in the monsoon in 2016 provided the first trigger, falling prices of natural gas and those of MoP ...
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The Fertiliser Ministry sought Rs 20,000 cr from the Finance Ministry to clear the pending dues
National Fertilisers, GSFC, Deepak Fertilisers, RCF and Mangalore Chemicals were up more than 20% each in past one-month.
Nagarjuna Fertilisers, RCF, Aries Agro, FACT and Chambal Fertilisers were up 9% to 12% in two trading days