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GST Council cuts tax rate on fertiliser to 5%

GST Council cuts tax rate on fertiliser to 5%

Just a couple of hours before the Goods and Services Tax (GST) roll out, the all-powerful GST Council tonight reduced the tax rate on fertiliser to 5 per cent from previously decided 12 per cent.

New 'bionic leaf' can help produce fertilisers

New 'bionic leaf' can help produce fertilisers

To contribute to the next green revolution, researchers are building the artificial leaf to make fertiliser.

Chemical plant blast caused "casualties", says Uzbekistan

Emergency services in Central Asian Uzbekistan have said that a blast at a chemical plant in the eastern town of Fergana claimed "human casualties", without confirming how many died in the explosion.

July core sector growth at 3.2% vs 5.2% in June

July core sector growth at 3.2% vs 5.2% in June

Infrastructure sector grew at 3.2 percent in July mainly because of improvement in performance of energy sector, especially refinery output.

Govt fixes subsidy of P&K fertlisers for FY17 at Rs 21,274 crore

The Cabinet Committee on Economic Affairs (CCEA) approved fixation of Nutrient Based Subsidy (NBS) rates for P&K fertlisers for 2016-17, due to decreasing trend in global prices of finished fertlisers and raw materials.

Need new approaches to manage climate change risks: Pranab Mukherjee

President Pranab Mukherjee on Tuesday stressed the need to preserve natural resources and advocated new approaches to manage the risks of climate change and loss of bio-diversity.

Cabinet approves new urea policy

The Union Cabinet on Wednesday approved new urea policy and fixed subsidy rate of phosphatic and potassic (P&K) fertilisers for 2015.

No major investment in fertiliser plants during 2010-14: CAG

The actual production was concerned, it fell by 14 percent during the period 2009-10 to 2013-14.

PM takes stock of demand-supply gap of protein-rich food items

Prime Minister Narendra Modi on Wednesday took stock of the demand-supply gap in protein-rich food items such as milk, egg and fish and the availability of fertilisers in the backdrop of rising inflation, which could be aggravated by the likelihood of a sub-normal monsoon.

Fertiliser cos hit by policy paralysis, subsidy pay delays

Delayed subsidy payments, which now run into Rs 36,000 crore, and lack of clear direction on boosting domestic output to cut import dependence sums up the fertiliser sector in 2013.

Fin Min approves Rs 5,500 cr as SBA to pay fertiliser subsidy

Finance ministry has agreed for Rs 5,500 crore against Rs 12,000 crore sought by the Department of Fertilisers under a special banking arrangement (SBA) to pay part of the subsidy bill to the industry which is facing a liquidity crunch.

ONGC inks MoU with KK Birla Group company for fertiliser unit

The estimated cost of the project for producing 1.3 million tonne of fertiliser per annum is Rs 5,000 crore.

Govt constitutes GoM to review urea pricing policy

Facing a mounting subsidy burden and imbalanced use of fertilisers, government has constituted a Group of Ministers (GoM), which is likely to be headed by Agriculture Minister Sharad Pawar to look into urea pricing.

Govt to bring down subsidy bill to 1.75% of GDP in 3 yrs

The government on Monday said it proposes to bring down expenditure on subsidies towards food, oil and fertilisers to 1.75 percent of the GDP in the next three years, from 2 percent estimated in 2012-13.

Industry awaits new policy on urea

The fertiliser industry is keenly awaiting the new policy on urea, which will help in reducing the dependence on imports.