The government is not considering any proposal to increase the retail price of urea by 40 per cent, Fertilisers Minister Srikant Jena said today.
In an official statement, "He (Jena)
India's annual inflation rose less than expected in March as food and manufacturing price pressures eased, suggesting the Reserve Bank will opt for a 25 basis-point rate rise next week
Power and fertilizer companies may have to fork out substantially higher price for gas being consumed from state-owned oil companies like Oil and Natural Gas Corporation Limited (ONGC) and Oil India Limited (OIL).
Simply moving plants indoors doesn’t help. Potted plants need a regular dose of fertilisers and adequate light.
The government has exempted a number of goods like food grains.
Fertiliser stocks rallied after finance minister sought parliamentary approval
Approving a department of fertiliser's proposal on extending concession on phosphatic and potassic fertilisers, the government on Thursday said the
Prices of nutrient-rich varieties of fertiliser will come down by an average Rs 1,416 a tonne, following the introduction of a new pricing mechanism for fertilisers.
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