FAI
Need for subsidy Or increase in MRP of DAP as global prices rise: FAI
The DAP at Rs 1,350 per bag of 50 kilograms, at present, however, the international prices are elevated to $ 595 per tonne from $ 440 per tonne in July this year.
Rise in global prices of DAP fertilisers affecting viability, may need higher subsidy or MRP: FAI
The Fertiliser Association of India (FAI) pointed out a recent rise in global Di-ammonium phosphate (DAP) prices, suggesting a need for increased government subsidies or retail prices if the elevated international rates persist. Presently, fertiliser companies are selling DAP at Rs 1,350 per 50-kilogram bag. FAI Chairman N Suresh Krishnan noted that global DAP prices rose from USD 440 per tonne in July to USD 595 per tonne.
Govt sets up task force to promote SSP fertiliser
The government is promoting the combination of SSP and urea in the ratio of 3:1 in order to encourage its use among farmers.
Damien Duff opens up about coping with stress of management, here's what he says
Damien Duff said that he was taking professional help on a weekly basis. He became the Shelbourne manager in November 2021 and has had a successful first year.
Thailand's 'floating train' is a big hit with tourists
Tickets have been selling out fast in Thailand for rides on the special "floating train" that runs from Bangkok to Pa Sak Jolasid Dam
Aviation ministry issues draft National Air Sports Policy
Under the policy, an Air Sports Federation of India (ASFI) will be established as the apex governing body while associations for each air sport will handle day to day activities.
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FAI pegs fertilisers subsidy to record Rs 1.4 lakh cr in FY'22 on rise in global prices
Fertiliser subsidy stood at Rs 1,33,947.3 crore in the RE (revised estimates) of 2020-21 as against Rs 71,309 crore in the BE (budget estimates) of the last fiscal year.
Govt promises diplomatic interventions to get P&K fertilisers imports at reasonable rates
In the meantime, companies were told not to hike the retail prices of P&K fertilisers such as di-ammonium phosphate (DAP), the most used fertiliser after urea in the country, and were directed to consult the government before changing any price.
Centre asks fertiliser manufacturers, importers to ensure adequate supply during kharif 2021
The agriculture ministry assessed the requirement of various fertilisers in consultation with states/UTs for kharif 2021 season and has conveyed it to the Department of Fertilisers.
Farm scientist Varinderpal Singh refuses to accept FAI's award in solidarity with farmers
Varinderpal Singh was joint winner of Fertiliser Association of India (FAI) Golden Jubilee Award for Excellence for the best work done in the field of plant nutrition. The award includes Rs 2 lakh cash, gold medal and citation.
Budget 2021: Fertiliser industry seeks cut in import duty on non-urea raw materials
In its budget proposals sent to the Finance Ministry, the FAI has also sought the government to exempt raw materials/ intermediates from customs duty, or, only a nominal rate of 1 per cent customs duty be levied.
Urea consumption, imports and subsidy likely to rise this year
Consumption of urea is directly related to subsidy burden on the government, which provides for over 70% on the cost of urea. The government has estimated subsidy of Rs 48,000 crore on urea for 2020-21.
India to release forensic accounting and investigation standards, first country to do so
The ICAI has constituted a committee to deliberate on the FAIS, which is expected to come out by the end of this year, said Atul Kumar, president of the chartered accountants body.“The proposed objectives of the FAIS is to codify best practices in the twin domains of Forensics and Investigations, set basic quality benchmarks for conducting assignments in these areas,” said an ICAI statement.
Fertiliser subsidy arrear at Rs 33,691 crore, may touch Rs 60K cr by March: FAI
Out of this, Rs 20,853 crore is under DBT (Direct Benefit Transfer) and balance Rs 12,838 crore is other than DBT. FAI also pointed out that Rs 20,434 crore dues are pending for which bills have been generated but not paid and the balance Rs 13,257 crore are pending for which fertilizer companies are not able to generate bills.
Commerce Ministry permits NFL to import urea for another 2 months
So far, state trading enterprises (STEs), including MMTC and State Trading Corporation (STC), were permitted to import fertiliser.
Fertiliser industry and FAI hail government's new urea policy
The fertiliser industry has welcomed the government's new urea policy which has removed restrictions on phosphoric and potassic fertilisers.
Allocate domestic natural gas to make fertiliser, says FAI
India imported 1.3 million tonnes of ammonia in 2012-13, despite poor capacity utilisation of 61 per cent of complex fertiliser plants.
FAI pitches for continuing with 2007 gas price formula
FAI said a $1 per mmBtu increase in gas price translates into an impact of Rs 2,300 crore per year on total cost of production of urea.
FAI seeks hike in urea prices, decontrol of fertilisers
"Government should actually look at liberating the overall fertiliser industry for providing better products and services to the farmers."
Rail freight hike to push fertiliser subsidy by Rs 200 crore
"With this latest hike of rail freight, the fertiliser subsidy bill is estimated to increase by about Rs 200 crore," FAI Director General Satish Chander said.
Fertiliser Association cautions government on natural gas pricing norms
Major observations by FAI on pricing guidelines include that the price of domestic gas in India should not be linked to imported LNG price.
Fertiliser sector needs Rs 40,000 crore for payment crisis: Fertiliser Association of India
Fertiliser sector needs Rs 40,000 crore to address the current payment crisis due to subsidy overdues, an industry body said.
Fertiliser industry moves court on late subsidy payments: Tata Chemicals
FAI has filed a petition in the Delhi High Court over delays in fertiliser subsidy payments by the government, Tata Chemicals said today.
FAI opposes proposal to change priority gas supply policy
Fertiliser industry body FAI today opposed the Oil Ministry move to abolish priority allocation of natural gas.
Budget 2013: Exempt fertilisers from GST, says FAI
Fertilisers and inputs should be exempted from GST, the Fertiliser Association of India (FAI) said in its pre-Budget memorandum.
Budget 2013: Excise duty on fertilisers should be withdrawn, says FAI
Fuels used for steam and power generation are meant for fertiliser manufacture, it added.
Budget 2013: FAI demands new investment policy for urea
New investment policy for urea sector has been pending for long time now and no investment has been made in the sector for more than one and a half decades.
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