The Cabinet is likely to take a call on the revision in natural gas prices on Thursday

The incremental revenue for every $1 rise in natural gas prices would be Rs 706.7 crore, while the government would suffer a subsidy loss of Rs 3,155 crore on fertiliser, according to a Cabinet Committee on Economic Affairs (CCEA) note.

Amid reports of contamination of food products in China, UN's Food and Agricultural Organization (FAO) has expressed concerns over pollution and food safety issues in the world's second largest eco

Prolonged excessive use of synthetic fertilisers has ruined the soil and agriculture in Medak district Years of dependency on chemical fertilisers has trapped the villagers of Hathnoor mandal of Na

A section of women self-help groups growing vegetables at Bahour in Puducherry had switched to organic fertilizers due to the growing demand for organically grown crops.

The fertiliser ministry, in a note to the EGoM on domestic natural gas pricing, suggested that gas should not be priced more than $6 mmBtu.

Govt expected to save 15% on this account

In a measure that would give relief to the government’s subsidy bill, the Union Cabinet today gave a nod to the Nutrient-Based Subsidy (NBS) rates for phosphatic and potassic (P&K) fertilisers for 2013-14. These are expected to cut the fertiliser subsidy by about 15 per cent in the current financial year, compared to 2012-13. After oil and food, the fertiliser sector is the third largest contributor to the government’s subsidy bill. According to the Budget proposals, the Centre wanted to cut the subsidy bill on these three to Rs 2.21 lakh crore for 2013-14, as compared with about Rs 2.47 lakh crore during 2012-13.

Govt’s Fertilizer Subsidy Bill Will Go Up By 10K Cr If Ranga Panel’s Formula Gets Nod

Power tariff from gas-fired plants could jump by Re 1 per unit and the government’s annual fertilizer subsidy would rise by Rs 10,000 crore if the price of fuel pumped from domestic fields is doubled to $8.8 per unit in line with the formula suggested by a committee headed by PMEAC chairman C Rangarajan, the ministries of finance, power and fertilizer have said.

The Tripura government, Oil and Natural Gas Corporation (ONGC) and a private company signed a tripartite agreement on Tuesday to establish a huge urea fertilizer plant in the State. The State government would have a 10 per cent stake in the Rs. 5,000 crore project which will come up in the Kumarghat area of north Tripura by 2016.

Sudhir Vasudeva, CMD, ONGC, Vice President of the Chambal Fertilizers and Chemicals Limited (CFCL) M.S. Rathore and Secretary of Tripura government Samarjit Bhowmik signed the agreement.