SULPHUR
GST council refers Par panel recos to cut GST on fertiliser to Group of Ministers
Talking to reporters after the 53rd GST council meeting, Keshav said the proposal to reduce the GST rate on fertilisers has been referred to the Group of Ministers (GoM). The issue of further reduction of tax on fertilisers was placed before the GST council in its 45th and 47th meetings held in September 2021 and June 2022, though the council did not recommend any change in rates.
Credit profile of fertiliser companies to remain comfortable in FY25: Ind-Ra
Demand in the fertiliser sector remained robust in FY24, led by higher availability of funds with farmers due to various policy measures, and the stable farm gate prices. Moreover, the sector over the past two-three years has seen supplementary budgetary allocations as and when the prices of key input materials were increased to enable raw material availability and economic viability with producers and importers.
Coromandel International to invest Rs 1,000 cr to set up plant in Andhra Pradesh
Coromandel International, which is mainly in the fertiliser business, will invest Rs 1,000 crore to set up a plant to produce phosphoric and sulphuric acid at Kakinada in Andhra Pradesh. In a regulatory filing, the company said it has "commenced the project activity to set up its Phosphoric Acid-Sulphuric Acid complex facility at Kakinada".
Cabinet clears Rs 24,420 cr subsidy for P&K fertilisers in Kharif season
The union Cabinet approved a subsidy of ₹24,420 crore for phosphatic and potassic fertilisers for the upcoming kharif season, while maintaining the rate for di-ammonium phosphate at ₹1,350 per bag of 50 kg. The Cabinet also approved three new fertiliser grades under the Nutrient-Based Subsidy scheme to reduce import dependence.
Volume for complex fertilisers to grow 4-5% next fiscal: CRISIL
Domestic sales of complex fertilisers in India are expected to grow by 4-5% in fiscal year 2025, driven by a normal monsoon and stable retail prices, according to a report by CRISIL. The growth rate for these fertilizers was 7-8% in fiscal year 2024, but the operating profitability of fertiliser makers is expected to decline by 30-35% this fiscal year. The report predicts that profitability will rebound next fiscal year due to stable raw material prices and revised nutrient-based subsidy rates.
Govt issues guidelines to evaluate reasonableness of non-urea fertiliser prices
For importers of P&K fertilisers, including di-ammonium phosphate (DAP) and Muriate of Potash (MoP), the profit margin allowed is 8 per cent. It has permitted 10 per cent profit for manufacturers and 12 per cent for integrated manufacturers. Unreasonable profit earned by the company will have to be refunded, or else it will be recovered by the ministry or adjusted with the future subsidy payment, as per the guidelines.
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From lithium-ion to solid-state: Battery innovations that can revolutionize the future of EVs
As the world becomes aware of the merit of sustainable mobility, innovations in EV battery technology continue to increase at a commendable rate. Advancements in battery technology, such as solid-state batteries, lithium-ion and lithium-sulphur batteries, and silicon anode batteries, are taking centre-stage in the industry. Battery manufacturers and EV makers are focusing on increasing battery energy density and fast charging features. They are also keenly navigating technological developments to boost battery longevity and facilitate recycling so that the masses can overcome the challenges in EV adoption.
Kawah Ijen volcano unleashes sci-fi wonders with mesmerizing electric blue lava
Step into the surreal as Indonesia's Kawah Ijen volcano astonishes with electric blue lava, reminiscent of a sci-fi spectacle. Witness the captivating phenomenon as sulphuric gases ignite, creating an otherworldly blue glow. The viral video captures nature's breathtaking artistry, leaving viewers in awe of the mesmerizing eruption straight from the realms of science fiction.
Fertiliser minister says neem-coated urea available at Rs 266.5/45-kg bag, asks SP prez not to mislead farmers
Fertiliser Minister Mansukh Mandaviya has clarified that neem-coated urea is currently sold at Rs 266.5 per 45 kg bag and will continue to be so. He also criticized the Samajwadi Party (SP) National President Akhilesh Yadav for misleading farmers about the development of new sulfur-coated 'Urea Gold'. The SP leader had previously raised questions about the vaccine made in the country during the Covid-19 pandemic.
Union Cabinet approves NPK fertiliser subsidy for Rabi season; inclusion of Jamrani Dam Multipurpose Project accepted
The Union Cabinet has approved the Nutrient Based Subsidy (NBS) rates for NPK fertiliser for the Rabi season. The subsidy is expected to cost Rs 22,303 crore. The Cabinet also approved the inclusion of the Jamrani Dam Multipurpose Project under the Pradhan Mantri Krishi Sinchayee Yojana-Accelerated Irrigation Benefit Programme. The estimated cost of the project is Rs 2,584.10 crore.
India begins anti-dumping probe on drawer sliders, sulphur black imports from China
India has opened an investigation into the alleged dumping of drawer sliders by Chinese firms in the country. Additionally, it has opened an anti-dumping investigation into imports of sulphur black from China.
What makes Delhi's air toxic during Diwali festive season? It's not about firecrackers only
Meteorological conditions, it turns out, have played a pivotal role in determining the air quality during the festival season and the winter months. Contrary to what some might assume, the wind's role during Diwali in recent years has been just as significant as the reduction in fireworks.
Chandrayaan-2 orbiter takes a photograph of Chandrayaan-3
Earlier, a NASA satellite -- Lunar Reconnaissance Orbiter (LRO) - also captured an image of the Chandrayaan-3 landing site. India became the fourth country to successfully land on the moon's surface in August. The Chandrayaan-3 spacecraft is currently in "sleep mode" and expected to awaken on September 22, 2023 for its next round of investigations.
Oil edges up on prospect of extended OPEC+ supply cuts
In China, manufacturing activity expanded unexpectedly in August and a series of economic measures to support the country's post-pandemic recovery have ignited optimism that demand will pick up in the world's largest oil importer.
Chandrayaan-3's rover discovers minor elements, measures lunar plasma environment
Alpha Particle X-ray Spectrometer (APXS) onboard the rover, was deployed to observe the lunar sample, ISRO announced on Thursday. Later in the day it also announced that the first measurements of the lunar plasma environment over the South Pole region have been carried out.
Chandrayaan-3 rover confirms presence of sulphur on Moon
The Indian Space Research Organisation (ISRO) has confirmed the presence of sulphur and other chemical elements on the lunar surface near the south pole, as expected. This confirmation was made by the instruments aboard the Pragyan rover of the Chandrayaan-3 mission. The search for hydrogen is still ongoing. The LIBS instrument onboard the rover was used to analyze the composition of materials by exposing them to intense laser pulses. In addition to sulphur, other chemical elements detected on the lunar surface include aluminium, calcium, iron, chromium, titanium, manganese, silicon, and oxygen.
Chandrayaan-3: Pragyan rover confirms presence of Sulphur and detects other elements on Moon's south pole, says ISRO
Meanwhile, search for Hydrogen (H) is underway and Al, Ca, Fe, Cr, Ti, Mn, Si, and O are also detected, as expected, confrimed ISRO. LIBS instrument is developed at the Laboratory for Electro-Optics Systems (LEOS)/ISRO, Bengaluru.
Chandrayaan-3's Pragyan rover confirms presence of sulphur on the Moon, again!
In a fresh experiment, another instrument onboard the Pragyan rover of Chandrayaan-3 confirmed the presence of sulphur in the lunar South Pole region. The Alpha Particle X-ray Spectroscope (APXS) onboard the rover detected Sulphur, as well as other minor elements, ISRO posted on X.
Chandrayaan-3 rover confirms presence of Sulphur on moon
The other chemical elements that have been detected on the lunar surface are aluminium, calcium, iron, chromium, titanium, manganese, silicon, and oxygen.
Adequate availability of fertilisers for kharif sowing; states must act against diversion of urea: Mandaviya
Indian Union Chemicals and Fertilizers Minister Mansukh Mandaviya has assured that there is enough supply of fertilizers in the country for the ongoing kharif season. He also urged states to reduce the excessive use of chemical fertilizers. State agriculture ministers from various states and senior officers attended the meeting.
U Saravanan becomes CMD of state-owner fertilizer firm NFL
U Saravanan has been appointed as the new Chairman and Managing Director of National Fertilizers Ltd (NFL), according to a regulatory filing. Saravanan was previously serving as CMD of another fertilizer CPSE, Madras Fertilizers Ltd. NFL is involved in the manufacturing and marketing of neem-coated urea, four strands of Bio-Fertilizers, and other allied industrial products.
Commerce ministry terminates anti-dumping probe on imports of a Chinese chemical
Anti-dumping rules have a provision for termination of a probe in certain situations which include withdrawal of application by the affected domestic industry at whose instance the investigation was initiated.
India's fertiliser imports up 3.9pc to 19.04 lakh ton in January
According to the latest data, of the total imports of 19.04 lakh tonne, 10.65 lakh tonnes of urea, 5.62 lakh tonnes of Di-ammonium Phosphate (DAP), 1.14 lakh tonnes of Muriate of Potash (MoP) and 1.63 lakh tonnes of complexes were imported.
Govt asks fertiliser firms to buy gas from spot market; move may help in saving over Rs 10k cr as subsidy
Sources said the spot price is much lower than the contracted prices from suppliers and therefore the department of fertiliser directed the companies to float tenders to purchase the gas from the spot market. The government's fertiliser subsidy bill is estimated to rise to Rs 2.25-2.5 lakh crore during the current fiscal from around Rs 1.6 lakh crore in the previous year.
Adequate urea stocks in country; no need to import till December, says Minister Mansukh Mandaviya
"There is adequate availability of urea in the country. We have urea stocks to meet domestic requirements till December. We do not need to import till December," Mandaviya told reporters.
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