Shares of fertiliser and agrochemical companies were among the top gainers on the BSE on Monday, after monsoons progressed earlier than expected in various parts of the country. Analysts said investors are hoping that the good rainfall could benefit the agriculture sector, which in turn would boost demand for their products. Fertilisers & Chemicals Travancore … Read more
New Delhi: India‘s overall subsidy bill may surge by ₹50,000 crore this fiscal year because of increased expenditure on fertiliser, cooking gas and food security. The government expects to meet this higher spending from savings under other heads in its ₹45-lakh crore FY24 budget. Subsidy outgo for FY24 had been budgeted at ₹4.03 lakh crore, … Read more
India’s Russian imports doubled to USD 20.45 billion during the April-July period of FY24 owing to increasing inbound shipments of crude oil and fertiliser, according to the data released by the commerce ministry . With this, Russia has become India’s second largest import source during the first four months of this fiscal. The imports were … Read more
Fertiliser Minister D V Sadananda Gowda on Sunday said 100 per cent neem-coated urea, introduced in 2015-16, has helped reduce the use of chemicals and increase crop yields. It has also helped reduce the diversion of urea for non-agricultural purposes, he said in a tweet. “100 per cent neem-coated urea introduced in 2015-16 has helped … Read more