Piyush Goyal's remarks come at a time when India’s automobile and electronics sector faced issues due to export restrictions on rare earth magnets and fertiliser by China.
The government is open to compensating industry through direct subsidy to protect end-user pricing, say sources
China’s share in India’s DAP imports fell to 18.5% in FY25 from over 47% in FY19; zero shipments recorded in first five months of 2025
Chinese officials are avoiding the mandatory inspection of India-bound consignments of specialty fertilisers, thus blocking exports to the country through procedural means rather than an explicit ban, says a report
Early estimates indicate moderate growth in fertiliser sales volume in FY26 in India
The initial Budget estimate for fertiliser subsidy for FY25 was Rs 1.64 lakh crore after which the government added Rs 6,594 crore in December, bringing the total to Rs 1.7 lakh crore
The MDA scheme, aimed at promoting organic fertilisers and manure, is set to get an increased allocation of Rs 150 crore, up from Rs 100 crore in FY25
India is dependent upon the imported supplies of DAP to meet the demand of states
The subsidy on P&K fertilisers will be provided based on approved rates for rabi 2024 (applicable from October 1 to March 31)
In line with its goal of eliminating urea imports by 2025, the government is scaling up Nano-Urea production to achieve self-sufficiency in urea production
Russia is already the largest supplier of MOP to India, accounting for nearly 60 percent of imports. India's fertiliser imports from Russia surged 246 percent to a record 4.35 million tonnes in 2022-23 as Russian companies gave discounts to the global market price for MOP, DAP, urea and NPK fertilisers.
Until March 2022, DBT has resulted in a total savings of Rs 1.35 lakh crore in food subsidies, with 42 million duplicate or non-existent beneficiaries weeded out. DBT removed 41 million fake LPG connections. 10.8 million families who have opted to ‘give up’ LPG subsidies.
Among those lined up include petroleum & natural gas projects worth Rs 1.49 lakh crore, Railway projects worth Rs 4,742 crore and fertiliser projects worth Rs 9,512 crore
Expenditure on subsidies such as food and fertiliser plays a key role in the central government's ability to manage its fiscal deficit, which is expected to reach 5.1 percent of gross domestic product in the next financial year, according to the Interim Budget unveiled on February 1.
Several states have submitted plans for reducing use of chemical fertilisers. The centre will grant 50 percent of the subsidy saved as financial incentive to the states that are successful in reducing their use.
The underachievement of targets is a manifestation of an attempt by the ruling dispensation to artificially suppress the BE in order to show a better picture of the fiscal deficit
At this point, nobody seems to be too concerned about the war in the Middle East, or about anything else, for that matter. The common view is that the second quarter earnings will have more good news than bad news
In the last 10-odd years, use of fertilisers has increased, but productivity has plateaued out, suggesting that nutritional efficiency is falling, impacting soil health. Kanwar feels fertiliser use must be reviewed.
The central government is also planning to organise 'Kisan Samridhi Mahotsav' in mid-October to highlight initiatives taken in the last 9 years by the Modi government to boost farmers' income. 'Krishi Ratha Yatras' will also be organised.
India's fertiliser imports from Russia surged 246% to a record 4.35 million metric tons in the 2022/23 financial year ended on March 31 as suppliers gave discounts to the global market price for DAP, urea and NPK fertilisers.
Sales were weak in the kharif crop season because of uneven distribution of monsoon rainfall.
States will get part of the subsidy saved by discouraging the use of chemical fertilisers.
Government support, utilization of new capacity to cater to the rising demand, and continued forays into production of the more efficient and sustainable nano urea are expected to keep the Indian fertilizer industry buoyant
Incentives for green hydrogen production will be given in two buckets. One, bidders who quote the lowest cost of the incentive and second, those who quote the lowest price for the hydrogen produced, senior officials told Moneycontrol.
The cabinet is also believed to have sanctioned a subsidy reduction for DAP (Diammonium Phosphate) and MOP (Muriate of Potash) fertilisers