Page 4 - Fertilisers

Centre spent Rs 10 trn to provide affordable fertilisers to farmers: Modi

The Centre has spent approximately Rs 10 lakh crore during the last eight years to see that farmers in the country are not burdened by the high global prices of fertilisers, Prime Minister Narendra Modi said on Saturday. Modi, who was speaking after laying foundation stones and dedicating to the nation multiple projects worth over Rs 9,500 crore at Ramagundam in Telangana, said the Union government would spend more than Rs 2.5 lakh crore this year to make fertilisers available to the farmers at affordable rates. He also said his government has transferred more than Rs 2 lakh crore to the bank accounts of farmers under the PM Kisan Samman Nidhi scheme. The Prime Minister said five big fertiliser plants in the country that were lying closed for years are being restarted towards achieving 'atmanirbharta' (self-reliance) in urea. The Gorakhpur plant in Uttar Pradesh has started production and the Ramagundam plant has been dedicated to the nation. When these five plants are fully ...

Cabinet hikes ethanol prices, approves subsidy for non-urea fertilisers

The industry has on several occasions told the government the price of ethanol produced from sugar juice or syrup should be based on returns on equity

Cabinet approves Rs 51,875 cr subsidy for P&K fertilisers for rabi season

The government on Wednesday approved a subsidy of Rs 51,875 crore for phosphatic and potassic (P&K) fertilisers for second half of 2022-23 as part of efforts to provide affordable soil nutrients to farmers. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi approved nutrient-based subsidy (NBS) rates for P&K fertilisers for 2022-23 rabi season, an official statement said. The CCEA has approved a subsidy of Rs 98.02 per kg for nitrogen (N), Rs 66.93 per kg for phosphorus (P), Rs 23.65 per kg for potash (K) and Rs 6.12 per kg for sulphur (S), it said. "Subsidy approved by the Cabinet for the NBS Rabi-2022 (from 01.10.2022 to 31.03.2023) will be Rs 51,875 crore including support for indigenous fertiliser (SSP) through freight subsidy," the statement said. This will enable smooth availability of all P&K fertilisers to farmers during the rabi season at subsidized / affordable prices and support the agriculture sector, it said. "The ...

Rajasthan govt takes action to prevent black marketing of fertilisers

Agriculture Commi­ssioner Kana Ram said teams formed to check illegal activities at the level of agriculture commissionerate had been sent to districts.

PM expresses concern on high import bill for edible oil, fertlisers

Prime Minister Narendra Modi on Monday expressed concern over the huge edible oil and fertilisers import bill, which is putting pressure on the exchequer, saying it is time to work in mission mode to make India self-reliant and reduce import dependence. Modi said it was necessary to become 'AatmaNirbhar' or self-reliant because problems in the exporting countries directly hit import prices for India as happened after the outbreak of the Russia-Ukraine war. Addressing a gathering after launching several projects related to the agriculture sector, the Prime Minister said it is important to reduce dependence on imported edible oil and fertilisers, and even crude oil to the extent possible. Modi said the government would be spending Rs 2.5 lakh crore on the import of soil nutrients this year only to ensure high global prices do not affect farmers. He also said the government was purchasing urea from overseas for Rs 75-80 per kg but was supplying it to farmers at Rs 5-6 per kg to protec

Godhan Nyay Yojana: Chhattisgarh eyes subsidy for vermicompost production

As of now, the Chhattisgarh government has purchased 7.35 million quintals of cow dung, paying Rs 147.06 crore to the committees and strengthening the rural economy

After dung, Chhattisgarh's Congress govt to use cow urine as fertiliser

About two months ago, Chief Minister Baghel had envisaged using cow urine for strengthening the rural economy and organic farming

Fertiliser stks prey to subsidy withdrawal risk, high input costs: Analysts

The risk of a breach of the government's fiscal deficit target could play a spoilsport for the sector as it could prompt the Centre to cut back on subsidy support, analysts believe.

India set to be self-sufficient in urea by 2025 even without help from nano

The commissioning of new plants is expected to bring down import dependency to less than half of current levels

Crackdown on urea diversion to plug Rs 6,000-crore subsidy leakage

In the last two-and-a-half months, the government has identified leakages worth Rs 100 crore through various covert operations

India may not need to import urea after 2025, says Mansukh Mandaviya

This is owing to rising domestic production, nano supplies

Centre seizes 35,000 bags of urea diverted from agricultural use

Being highly subsidised, there is always a tendency to divert urea towards non-agriculture purposes

A first: After the success of nano urea, nano-DAP soon for farmers

Fertiliser major IFFCO has been asked to do the groundwork on this

India's core sector output expands at six-month high of 8.4% in April

The output of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity had expanded by 4.9 per cent in March 2022.

As kharif season sets in, India eyes long-term fertiliser contracts

Set to sign long-term contracts with Morocco and Latin American countries to ensure steady flow

Govt has tried to shield farmers though prices of fertilisers shot up: PM

PM Modi on Saturday said his government has tried to ensure that farmers in the country are not affected even though the prices of fertilisers in international markets have soared due to the pandemic

Nitrogen-potash-sulphur get higher subsidy hike than phosphate in new round

Hike is valid till September 30. Consequently, per tonne increase in subsidy in DAP and its products has also been lower than different grades of NPKS

Fertiliser subsidy may go up 55% to record Rs 2.5 trn in FY23: Report

The government will not increase retail prices of urea and also provide adequate subsidies to ensure that the maximum retail prices of non-urea fertilisers remain at the present level, sources said

Strong demand may bring down closing stock of major farm goods by FY23-end

Experts feel this could keep prices of major farm commodities and products dependent on them, such as poultry and meat, at an elevated level for quite some time

Fertiliser subsidy set to touch record Rs 1.65 trn in FY23: Report

According to the report, in the past two fiscals, the government has paid an additional Rs 1.2 lakh crore and increased the budgeted subsidy