Indias urea imports decline 23% in April-May
The Dollar Business Bureau India’s urea imports had declined by 23 percent in April-May this year. The imports in April-May were at 7.71 lakh tonnes compared to 10.03 lakh tonnes in the same period year before. Last financial year, urea imports were at 84.74 lakh tonnes, a drop of 3.41 percent, due to higher domestic output. Official data records show India’s urea imports stood at 87.49 lakh tonnes in the fiscal of 2014-15. The production of urea reached its highest ever capacity of 245 lakh tonnes in 2015-16, a surge of 20 lakh tonnes from the previous output in 2014-15. Last year, neem coated urea was made compulsory by the government, as it works as an insecticide and is beneficial to the soil. ...
Government agencies to get Rs.113 cr reimbursement for losses on pulses import
Source: PIB, Government of India The Union Cabinet, chaired by Prime Minister Narendra Modi has approved the proposal of the Ministry of Consumer Affairs, Food & Public Distribution, to reimburse Rs.113.40 crore of losses on pulses imported between 2006-2011. The imported agencies include National Agricultural Cooperative Marketing Federation (NAFED), Project and Equipment Corporation (PEC), State Trading Corporation (STC) and Metals and Minerals Trading Corporation (MMTC), apart from losses incurred in the sale of pulses up to six months after closure of the scheme. This will enable the Central PSUs to intensify trading activities to cool down prices. In order to ensure retail distribution to the consumers, it was decided to import 5,000 tonnes of Tur Dal and 5,000 tonnes of Urad Dal ...
The list of STEs notified by DGFT is in Appendix 2 J
APPENDIX- 2 J List of State Trading Enterprises (STEs) forFTP Purpose S. N STATE-TRADING ENTERPRIESES 1. Food Corporation of India(FCI) 2. State Trading Corporation (STC) 3. Indian Oil corporation (IOC) 4. Bharat Petroleum Corporation Ltd. (BPCL) 5. Hindustan Petroleum Corporation Ltd. (HPCL) 6. Oiland Natural Gas Corporation Ltd.(ONGC) 7. Minerals and Metals Trading Corporation (MMTC) 8 Indian Potash Ltd. (IPL) 9. National DairyDevelopmentBoard (NDDB) 10. National Cooperative Dairy Federation(NCDF) 11. National Agriculture Cooperative Marketing Federation of India Ltd (NAFED) 12. Projects and Equipment Cooperation of India Ltd.(PEC) 13. Spices Trading Corporation Limited (STCL) 14. Central Warehousing Corporation (CWC)
