Page 5 - Fertilizers

PM Janaushadhi Kendras-like stores for animal medicines on the cards

The Janaushadhi Kendras are a collaboration between government agencies and private entrepreneurs

KRIBHCO's turnover jumps 95% to Rs 25,715 cr in FY23, declares 20% dividend

Fertiliser cooperative Krishak Bharati Cooperative Ltd's (KRIBHCO) total income jumped 95 per cent to Rs 25,715.07 crore during last fiscal on better sales, and it declared a dividend of 20 per cent. Total income stood at Rs 13,194.50 crore in the previous year. Addressing its 43rd annual general meeting (AGM) here on Thursday, KRIBHCO's Chairman Chandra Pal Singh said the cooperative earned a pre-tax profit of Rs 763.16 crore in 2022-23. The profit before tax stood at Rs 1,493.26 crore in the previous year. The cooperative has declared a dividend of 20 per cent on equity capital for the year and the management has approved Rs 77.68 crore for dividend outgo, Singh said. The annual accounts of the cooperative have been approved by the members in the AGM. Net worth of KRIBHCO increased to Rs 5,128.61 crore last fiscal year from Rs 4,643.10 crore in FY22. "The total membership of KRIBHCO consists of 9,470 cooperative societies. The paid up share capital of the society was Rs 388.62

China slows fertiliser exports, raising concerns for Indian industries

As the world's largest producer of urea, China accounts for about a third of global supplies of the nitrogen-based fertiliser, which is critical to growing crops

House panel on chemicals and fertilisers on 4-day visit to Andaman

A team of the Parliamentary Standing Committee on Chemicals and Fertilisers arrived here on Tuesday on a four-day visit to Andaman and Nicobar Islands, officials said. The team is headed by Lok Sabha MP CN Annadurai and comprises Arun Kumar Sagar, Sanjeev Kumar Singari, Indra Hang Subba, GC Chandrashekhar, and Vijay Pal Singh Tomar, among others. After their arrival, the team members visited the National Memorial Cellular Jail and paid tributes to freedom fighters. Later, they went to Swaraj Dweep (formerly Havelock Island) and held discussions with representatives of the Department of Chemicals and Petrochemicals on the safe usage of insecticides and pesticides in the archipelago. On Wednesday, the panel members will hold meetings with officials of the Department of Fertilisers, Madras Fertiliser Limited (MFL) and Fertilisers and Chemicals Travancore Limited (FACT) on the availability and distribution of fertilisers in the Union territory. They will also hold discussions with ...

Govt plans to curb subsidised-urea diversion to plywood, other industries

The government has prepared a comprehensive action plan to crackdown on diversion of highly-subsidised urea to plywood and other industries, and violators could even face a jail term, according to official sources. The Union chemicals and fertilisers ministry will coordinate with other central ministries as well as states to curb the diversions and plans are also afoot to launch joint operations to prevent the diversion of agriculture-grade urea, the sources in the know said. Earlier this week, Union Chemicals and Fertilisers Minister Mansukh Mandaviya asked states and Union Territories to curb diversion of agriculture-grade urea to industries. Neem-coated urea is provided by the central government to farmers at a highly subsidised rate of Rs 266 per bag (of 45 kilograms), which is much cheaper than technical-grade urea meant for industrial use. In this backdrop, there are instances of diversion of agriculture-grade urea to industries that make resin/glue, plywood, crockery, mouldi

Fertiliser bags to carry PM Narendra Modi's appeal to limit its use

The manufacturing company name is mentioned in 25-30 per cent of the fertiliser bag

Govt should propose tax rate cut on fertilisers to GST Council: Parl panel

A Parliamentary panel has recommended that the government should propose to the GST Council to reduce tax rates on fertilisers from the current 5 per cent. In its report laid in Parliament on Wednesday, Standing Committee on Chemicals and Fertilizers said the committee have been informed that fertilisers were placed under the 12 per cent GST bracket. However, on demand of various states, GST on fertilisers was reduced to 5 per cent. "The issue to further reduce GST on fertilisers was placed before the GST council in its 45th and 47th meetings held in September 2021 and June 2022, respectively. The GST council, however, did not recommend any change in the rates of fertilisers or other organic farm inputs. "The committee strongly recommend that the issue to further reduce GST on fertilisers may be placed before the GST Council at the earliest in the best interest of the farmers of our country," it added. The panel noted that fertilisers are levied GST at 5 per cent and its raw ...

National Fertilisers posts Q1 net loss of Rs 121.43 cr on sluggish sales

State-owned National Fertilisers Ltd on Tuesday posted a consolidated net loss of Rs 121.43 crore during the first quarter of this financial year on sluggish sales. The company had posted a net profit of Rs 125.46 crore in the same quarter of the previous fiscal, the regulatory filing said. Total income declined on a consolidated basis to Rs 5,051.23 crore during April-June quarter of the current financial year, from Rs 6,454.65 crore in the year-ago period. Expenses, however, remained lower at Rs 5,251.10 crore, as against Rs 6,312.23 crore in the said period, the filing said.

ICAR bio-fertilisers to improve crop yields, promote organic farming

Implementation of bio-fertilisers can improve crop yields by 10% to 25% and reduce the reliance on costly chemical fertilisers by 20% to 25%

MDA scheme to cut 9.6mn tons chemical fertiliser imports, says IBA

The Market Development Assistance (MDA) Scheme will increase organic fertilizers production from Gobardhan Plants and will cut 96 lakh tonnes chemical fertiliser import and reap benefits worth Rs 11,000 crore, according to Indian Biogas Association (IBA). Earlier in June this year, the Cabinet Committee on Economic Affairs had approved the Rs 1,451-crore MDA scheme, which consists of innovative incentive mechanisms for the restoration, nourishment, and betterment of mother earth. In its study, the IBA said this scheme will give impetus to not only existing biogas and compressed biogas plants, which are struggling to channelize their biofertilizer, but will provide additional support for at least 500 new Biogas plants. In case the given MDA fund is channelled, 9.6 MMTPA of generated biofertilizer shall be supported, leading to a reduction in the import of chemical fertiliser, the industry body said. The IBA estimated 96 lakh tonnes reduction in the import of chemical fertiliser thro

Power, infra, fertilsiers: How centre is incentivising states for reforms

Fund transfer linked to them meeting certain benchmarks in improving sectors

Mandaviya bats for natural farming, reduced chemical fertilisers use

Union minister Mansukh Mandaviya on Saturday said the excessive use of chemical fertilisers affects soil fertility and also has side effects on human and animal health, and stressed on the need to promote alternative fertilisers such as nano liquid urea-DAP. The chemical and fertiliser minister was addressing a "Stakeholder workshop on strategy for promotion of alternative nutrition to reduce dependence on chemical fertilizers for Soil health and sustainability' here. The workshop was attended by vice chancellors of agricultural universities, state agriculture officers, manufacturers and distributors, farmer groups and NGOs, besides senior officials from the ministry of agriculture, ministry of chemicals and fertilizers, and Niti Aayog. "The side effects of over consumption of chemical fertilisers are visible now. Soil health has been impacted," Mandaviya said, adding that the growth in production and productivity has stagnated. Citing a medical study in few districts where usage o

Govt nods to PM-PRANAM to incentivise promotion of alternative fertilisers

The Cabinet on Wednesday approved a new scheme PM-PRANAM to incentivise states to promote alternative fertilisers and reduce the use of chemical fertilisers. The scheme PM-PRANAM (PM Programme for Restoration, Awareness, Generation, Nourishment and Amelioration of Mother Earth) was announced by Finance Minister Nirmala Sitharaman on February 1 as part of the Budget for 2023-24. "Under the scheme, the Centre will incentivise states, which will promote alternative fertilisers and reduce chemical fertilisers," Fertiliser Minister Mansukh Mandaviya told reporters after the cabinet meeting. Citing example, suppose a state is using 10 lakh tonne of conventional fertiliser, and if it reduces its consumption by 3 lakh tonne, then the subsidy saving would be Rs 3,000 crore. Out of that subsidy savings, the Centre will give 50 per cent of it -- Rs 1,500 crore to the state for promoting the use of alternative fertiliser and other development works, he added.

Incentivise eco-friendly fertilisers

Consumer demand for the products grown without the use of toxic chemicals is steadily climbing

Rationalising prices

Excess use of urea should be contained

Govt to push alternative plant nutrients to cut fertiliser subsidy load

A scheme to promote balanced use of fertilisers along with bio-fertilisers, called Promotion of Alternate Nutrients for Agriculture Management Yojana is to be formally unveiled at end of this month

GNFC, GSFC: Trading strategies for fertiliser stocks amid rebound on charts

RCF, GNFC and FACT may rally up to 15% as per their technical charts

Sale of pesticides worth Rs 18.82 crore banned over quality issues in Maha

The Maharashtra agriculture department has banned the sale of pesticides and fertilisers worth Rs 18.82 crore in Akola district after an inspection showed that they did not meet quality standards, officials said. To ensure the supply of good quality inputs to farmers ahead of the Kharif season, the department collected samples of pesticides and fertilisers from 63 godowns. Of these, the samples of 36 companies had various deficiencies, the department said in a release on Monday. The department then banned the sale of these companies' stocks, worth about Rs 18.82 crore, lying in the godowns, it said.

Cap subsidised fertiliser bags, overhaul PM-AASHA scheme, says CACP

It also sought to bring urea under the nutrient-based subsidy regime

PACS can be roped in as drone traders for spraying fertilizers: Coop Min

The government on Thursday said Primary Agricultural Credit Societies (PACS) can be employed as drone entrepreneurs for spraying fertilizers and pesticides, and for survey of property. This was among the five key decisions taken in a meeting between Cooperation Minister Amit Shah and Minister of Chemicals and Fertilisers Mansukh Mandaviya, the Ministry of Cooperation said in a statement. In the meeting, it was decided that on the basis of mapping, PACS -- which are not functioning as fertilizer retailers -- will be identified and they will be encouraged to function as retailers on the basis of feasibility in a phased manner, it said. Those PACS, which are not currently functioning as Pradhan Mantri Kisan Samruddhi Kendras (PMKSK), will be brought under the ambit of PMKSK, it added. Further, PACS will also be connected with the marketing of organic fertilizers, especially Fermented Organic Manure (FoM)/ Liquid Fermented Organic Manure (LFOM)/ Phosphate Enriched Organic Manure ...