-Livemint.com A revision in nutrient-based subsidy rates is crucial to sustain credit profiles of fertiliser makers, Crisil said New Delhi: The central government’s fertilizer subsidy outgo could touch an all-time high of ₹1.65 trillion in FY23, against the budgeted ₹1.05 trillion, due to an unprecedented rise in the cost of raw materials and prices of fertilizers globally, rating agency Crisil said on Thursday. A revision in nutrient-based subsidy rates is crucial to sustain...
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Why wheat prices have shot up despite India’s huge reserves -Vivek Kaul
-Livemint.com Central stocks haven’t been released while exports were upped to fill a Ukraine war-created vacuum One side effect of Russia attacking Ukraine has been a rise in global wheat prices. Wheat importers are struggling. I had written about this possibility in this space on 23 March (‘Like oil, soaring prices of wheat could have broad repercussions’). Towards the end, I had said that India was unlikely to be impacted primarily because...
More »Government set to raise subsidy on fertilizers to cool prices for farmers -Gireesh Chandra Prasad
-Livemint.com Fertilizer department said in the presentation that international prices of fertilizers and raw materials have been constantly rising since January 2021 NEW DELHI: The central government is set to raise the subsidy on fertilizers for the kharif crop season to cool prices to farmers, the department of fertilizers said in a presentation on Tuesday even as worries of protracted disruptions in key commodities continued to rattle global commodity and financial markets....
More »What does high WPI inflation mean for interest rates? -Dinesh Unnikrishnan
-Moneycontrol.com The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance On April 18, the government data showed that India's inflation based on the Wholesale Price Index (WPI) rose to a four-month high of 14.55 percent in March from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months. What is the significance of this data?...
More »Mandi prices of key rabi crops above MSP on strong demand -Sandip Das
-Financial Express Traders told FE that for mustard, the biggest domestic oilseed variety, prices at Bharatpur mandi, Rajasthan, are currently ruling around Rs 6,800 per quintal against the MSP of Rs 5,050 a quintal, while wheat in Sehore mandi, Madhya Pradesh, is currently being sold at Rs 2,150 a quintal against MSP of Rs 2,015 a quintal. As market arrivals have peaked, mandi prices of key rabi crops — wheat and mustard...
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