Non- urea fertilizers prices slashed
The Dollar Business Bureau Union Minister Ananth Kumar said that the retail prices of non-urea fertilizers including the DAP have been reduced by up to Rs 5000 per tonne. The decision comes following the global prices of raw materials. The minister said that the state-run fertiliser firms Rashtriya Chemicals and Fertilizers (RCF), National Fertilizers Ltd (NFL) and also private firm Indian Potash Ltd (IPL) have decided to reduce the cost of non-urea fertilizer. The retail price of Muriate of Potash (MoP) has been brought down by Rs 5,000 to Rs 11,000/tonne, Di-ammonium Phosphate (DAP) by Rs 2,500 to Rs 22,000/tonne, while complex fertilizers rates have been brought down by Rs 1,000/tonne. The effective DAP for a bag of 50 Kg will fall to Rs 150, Mop ...
Coal India-NTPC JV to revive fertiliser plants
The Dollar Business Bureau Coal India Limited announced that it has entered into an agreement with state-run power company NTPC Ltd. for revival of its two fertilizer plants. According to the deal, the 50-50 joint venture between Coal India and NTPC will establish and operate new fertiliser (ammonia urea) complex at Gorakhpur in Uttar Pradesh and Sindri in Jharkhand units of the Fertiliser Corporation of India Limited (FCIL). The joint venture will also market FCIL’s products. "The Ministries of Coal and Power directed CIL and NTPC to enter into joint venture for revival of these projects and hence a JV agreement was signed between the two companies," CIL said in an announcement. During the meeting held at the Prime Minister’s office, both Coal and ...
Customs duty exemption withdrawn on imported, life-saving drugs. What next?
Will the withdrawl of customs tariff exemption result in increase in prices of 76 life-saving drugs? While the government says there are cheaper domestic drugs available, many social groups foresee a high double-digit percentage rise in cost of drugs owing to lack of supply from Indian manufacturers. The debate is on... Source: PTI; The Dollar Business Bureau A notification issued by Central Board of Excise and Customs last week had withdrawn the customs duty exemption on the import of 76 drugs Defending the move to end the customs duty exemption for import of 76 life-saving drugs including those for treating cancer, AIDS and haemophilia, government has said Indian manufacturers are already selling most of these drugs at cheaper prices. It also claimed there ...
Railways to export 120 LHB coaches to Bangladesh
The manufacturing of stainless steel LHB broad gauge coaches for Bangladesh Railways is in progress at the Rail Coach Factory in Kapurthala Source: PTI Earlier, RCF Kapurthala has exported coaches to South East Asian and African countries which have Metre Gauge rail networks Railways will export 120 modern LHB coaches to Bangladesh at an estimated cost of Rs.367 crore, with the first consignment of 40 set to be dispatched in March. This is the biggest-ever consignment of Linke Hofmann Busch (LHB) coaches to be exported by the Railways, said a senior Railway Ministry official. The export order of 120 LHB coaches include 17 AC first class, 17 AC chair car, 34 non-AC chair car with pantry, 33 Non-AC chair car with prayer room and ...