-PTI Irked by misuse of subsidy, the Centre has directed state governments to take firm steps to curb illegal diversion of fertilisers like urea to non-farm sectors, especially in Gujarat, Maharashtra and Haryana. "Instances of illegal diversion of fertilisers to other industries has come to our notice. We have written to chief secretaries of the states for initiating action against persons involved in smuggling of fertilisers with the help of central/state enforcement...
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Petrol cheaper by Rs. 2.46, price may be slashed further
-The Hindustan Times Following a steep fall in global crude oil prices, the oil marketing companies have slashed petrol prices by Rs. 2.46 to Rs. 3.22 a litre — the second reduction this month — from Thursday midnight. Now, petrol in Delhi will cost Rs. 67.78 a litre — down by Rs. 2.46 — from Rs. 70.24 a litre. In Mumbai, the price will come down by Rs. 3.10 to Rs. 73.35...
More »Many chief ministers want FDI in multi-brand Retail: Sharma
-IANS Many chief ministers, including non-Congress ones, support the proposal to allow foreign direct investment (FDI) in multi-brand Retail, Commerce and Industry Minister Anand Sharma said Wednesday. "Now you have a fairly good number of chief ministers who have come out in support...We have continued a dialogue in a democratic spirit, a very open dialogue with the states," Sharma told reporters here after Coca-Cola Chairman Muhtar Kent met him. Sharma said he had...
More »Rain deficit: Jobs, farming, economy under a cloud-Zia Haq and Gaurav Choudhury
-PTI India’s monsoon, vital for Asia’s third-largest economy, has been 22% deficient till June 26, official data showed, adding to the government’s worries and prompting Prime Minister Manmohan Singh to consult key aides on measures to tone up the economy on Wednesday. In a revised forecast, the Met department predicted the rains would be 96% of the long-term average, lower than its April forecast of 99%. Rainfall is considered normal if...
More »Soil imbalance
-The Business Standard Lopsided fertiliser policy is damaging farm output Even as the indifferent monsoon is threatening to affect crop sowing in the current season, the recent spike in the prices of some fertilisers and related developments in the fertiliser sector are adding to disquiet over kharif production prospects. The government’s move to slash subsidies on non-urea fertilisers early this year, coupled with the rupee’s depreciation, has led fertiliser companies to substantially...
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