-Moneycontrol.com The fertiliser subsidy stood at Rs 1.62 lakh crore in the previous financial year. The government's fertiliser subsidy will rise to Rs 2.3-2.5 lakh crore in this fiscal but the bill may fall by 25 per cent in the 2023-24 financial year with moderation in global prices, according to industry body FAI. Fertilisers Association of India (FAI) expressed concern that the fixed cost of urea has not been increased affecting the viability...
More »SEARCH RESULT
Total Matching Records found : 288
Cabinet approves additional subsidy for P&K fertilisers -Zia Haq
-Hindustan Times The move will cushion prices of crop nutrients that are governed by the Centre’s nutrient-based subsidy (NBS) scheme New Delhi: The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Wednesday approved an additional ₹51,875 crore subsidy for phosphatic and potassic (P&K) fertilisers for the rabi or winter-sown season, amid high global prices. The move will cushion prices of crop nutrients that are governed by the Centre’s nutrient-based...
More »No surge expected in global COVID-19 cases this winter, says IHME report
-The Hindu/Reuters IHME’s report suggests that the current surge in COVID-19 infections in Germany might be due to Omicron subvariants BQ.1 or BQ.1.1 Global COVID-19 infections are projected to rise slowly to about 18.7 million average daily cases by February next year from the current 16.7 million daily driven by the northern hemisphere’s winter months, the University of Washington said in an analysis. The increase in infections is not expected to cause...
More »Will the government’s MSP calculations hold? -Roshan Kishore
-Hindustan Times There is good reason to ask whether the latest MSP hike will be enough to meet the government’s requirements. Open market prices of wheat are quite high and the government has already eaten into its excess stocks. The Union Cabinet announced the minimum support price (MSP) for wheat and other Rabi (winter) crops for the 2023-24 Rabi Marketing Season (RMS) on Tuesday. For wheat, the most important Rabi crop from...
More »Centre may sell cereals in open market to rein in prices -Zia Haq
-Hindustan Times India has a surplus of federally held stocks of rice and wheat, and the government could intervene in the open market “if needed” by selling cereals at a discount to curb prices, food secretary Sudhanshu Pandey said on Monday. India has a surplus of federally held stocks of rice and wheat, and the government could intervene in the open market “if needed” by selling cereals at a discount to curb...
More »
