India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
London, 23 February (Argus) -- A slump in imports versus robust offtake kept Indian DAP stocks under pressure in January, leading to the fourth consecutive monthly stock draw, according to government data. Argus estimates India's DAP stocks at the end of January at just below 1.9mn t. India imported just 70,000t of DAP in January, while domestic DAP production was steady at 342,000t. Domestic sales fell seasonally but, at 535,000t, surpassed the average for the same month over the previous three years by almost 100,000t. But total DAP sales so far this rabi season -- beginning in October 2025 -- are broadly level against the same period a year earlier. Farmers likely prioritised urea in December, deferring some DAP buying until January, while distributors also say that increased sown acreage and possible early buying ahead of the kharif season beginning in April is supporting offtake across all fertilizers. Higher production has not made up for lagging imports compared with this point during rabi last year, leading to a stock draw -- production plus imports minus sales -- so far this rabi season of 573,000t. Indian importers prioritised unloading urea earlier in rabi, slowing DAP trade and leaving fewer berthing opportunities for DAP cargoes. But firm imports earlier in the fertilizer year -- starting in April 2025 -- and a slip in total offtake so far have allowed India's DAP stocks to build by almost 600,000t year on year, according to Argus data. India imported just over 6mn t of DAP over April-January, well above the 4.4mn t imported over the period a year before. Sales of around 8.5mn t of DAP so far this fertilizer year are lagging the same period a year earlier by around 200,000t. But combined DAP and TSP sales so far this fertilizer year total 9.14mn t, likely more than 100,000t ahead of last year, according to Argus data. Even though domestic TSP offtake has almost doubled on the year, and India has no domestic TSP production, the country has already imported around 145pc more TSP than it did over the 2024-25 fertilizer year -- all from Morocco. This has allowed India's TSP stocks to swell by 563pc since April 2024, according to Argus estimates.
New Delhi [India], July 9 (ANI): Telangana Chief Minister Revanth Reddy met Union Minister for Fertilizers and Chemicals JP Nadda in the national capital and requested him to supply urea allocated to Telangana on time to meet the agricultural needs during the farming season, as per a release. The Chief Minister met Nadda at the latter's official residence in Delhi on Tuesday. During the meeting, the CM brought to the notice of the Union Minister that only 3.07 lakh metric tonnes of urea was supplied between April and June as against the requirement of 5 lakh metric tonnes in the Kharif season ...Read More >
Patna: In a major policy shift ahead of the upcoming Bihar elections, the state government has implemented a domicile-based reservation system in government jobs, with the 35 per cent quota for women. This means only women who are native to Bihar or those who hold valid domicile certificates will be eligible to claim this quota. Women from other states, who were eligible earlier for the reservation, will now be placed under the general category and will not be given the same reservation. The decision was taken during a cabinet meeting held on Tuesday in Patna, chaired by Chief Minister Nitis ...Read More >
A crisis is simmering in Telangana, and the farmers are at the receiving end. Serpentine queues at the Primary Agricultural Cooperative Society centres for hours on end, at places even from early morning, have become the norm -- something not witnessed in years. The reason is an acute shortage of urea. The Centre has allotted 9.8 lakh metric tonnes (LMT) to Telangana for this Kharif, but the state has received 5.42 LMT so far. The situation is largely the same in other states. Reasons are many. ...Read More >
New Delhi [India], May 19 (ANI): Union Agriculture Minister Shivraj Singh Chouhan on Monday said that his ministry's resolve is to increase the Kharif crop production while reducing the production cost. He added that the synergy between the agricultural research and the farmers will be increased. The Minister was speaking to reporters here after a meeting with the State agricultural ministers. "Today, I held a meeting with the Agriculture ministers of all the states...Agriculture is important for the country, whether it is a question of livelihood, employment, contribution to the economy or ...Read More >
Raipur, Jun 7 (PTI) Chhattisgarh Chief Minister Vishnu Deo Sai said on Saturday that he discussed two proposed irrigation projects in the state with Prime Minister Narendra Modi during his visit to Delhi and sought the Centre's nod for them. Sai, who returned to Raipur in the morning, said the PM assured that he would consider the two projects - Bodhghat and Indravati-Mahanadi interlinking work. Crucial for the development of the Bastar region, where Naxalites are retreating, they have been proposed for implementation as national projects, he said. "I met PM Modi ji in Delhi on Friday and sh ...Read More >
New Delhi [India], July 14 (ANI): The Union Minister for Health and Family Welfare and Chemicals and Fertilizers, JP Nadda, visited Dammam and Riyadh from July 11-13. His visit to the Kingdom of Saudi Arabia was focused on enhancing bilateral cooperation with India in the field of Chemicals and fertilisers. He led a high-level delegation that included the Secretary and other senior officials from the Department of Fertilisers and Ministry of External Affairs. JP Nadda held discussions on Sunday with the Saudi Minister of Industry and Mineral Resources, His Excellency Bandar bin Ibrahim Al Kh ...Read More >
China is easing urea shipment restrictions to India, signaling improved relations amid trade tensions with the US. India, a major urea importer, could receive up to 300,000 tons, potentially easing global supply constraints. This follows relaxed visa rules and possible meetings between leaders, indicating a thaw in relations after border clashes in 2020. China has eased curbs on urea shipments to India, in the latest indication of a thaw in tensions between Beijing and New Delhi as US President ...Read More >
VIJAYAWADA: Chief Minister N Chandrababu announced incentives to those farmers who minimise usage of urea. He announced Rs 800 incentive per bag of urea. He directed the officials to distribute the subsidy getting Under PM Pranam scheme to farmers directly to encourage reducing usage of urea. Stating that there is no dearth of urea supply and officials should have planned early for supply of urea in advance. Addressing the Collectors conference at Secretariat on Monday, the Chief Minister said recently China has rejected our chilli consignment on the pretext of chemical fertilizers. He said e ...Read More >
Hyderabad: Telangana chief minster A Revanth Reddy requested the Central government to increase the supply of urea to the state, amid nationwide shortage. He met Union Minister for Fertilisers and Chemicals, JP Nadda, in New Delhi on Tuesday, July 8, and informed him that only 3.07 lakh metric tonnes of urea were supplied to Telangana between April and June, as against the requirement of 5 lakh metric tonnes in the Kharif season. He also brought to the notice of the Union minister that 63,000 metric tonnes of domestically produced urea and 97,000 metric tonnes of imported urea were to be sup ...Read More >
Bhubaneswar, Sep 1 (SocialNews.XYZ) The opposition Biju Janata Dal and the Congress on Monday targeted the Mohan Charan Majhi-led Odisha government over the alleged ongoing shortage of fertiliser across the state. Senior BJD leader and party vice president Atanu Sabyasachi Nayak on Monday alleged that the state government is misleading the farmers amidst the severe short-supply of fertilizer in the state. Addressing a press conference, Nayak also asserted that the BJP-led state government has failed completely to provide Urea fertiliser to the farmers of Odisha. That is why the farmers are ...Read More >
NEW DELHI: Union home and cooperation minister Amit Shah has pitched for expanding the footprints of natural farming in the country, saying it is not only good for human health but also for the health of 'Mother Earth'."Eating food produced without use of fertilisers and chemicals will keep you away from doctors and medicines. Apart from this, production increases with natural farming," Shah said during an interaction with women associated with cooperative sectors of Gujarat, Madhya Pradesh and Rajasthan. The programme was held in Ahmedabad on July 5 to mark the International Cooperatives Day ...Read More >
HYDERABAD: Irrigation minister N. Uttam Kumar Reddy on Saturday directed officials to prepare a practical and scientific plan to ensure adequate irrigation for the Kharif season crops in the state. The minister said the plan must take into account current reservoir levels, inflows during this monsoon season, and the total ayacut that can be irrigated from each of the water sources. At a high-level meeting held at Dr B.R. Ambedkar Telangana Secretariat, Uttam Kumar Reddy said a clear and coordinated water release strategy must be in place based on real-time data, crop patterns, and the geograp ...Read More >
New Delhi, Sep 12 (PTI) The NHRC has issued notices to all states and UTs and directed their police chiefs to ensure that "no harsh action or force or lathi charge" is used by authorities against farmers, who are standing in long queues or waiting for distribution of fertilisers, according to proceedings of the case. The notices have been issued in response to a complaint alleging that there is a "severe shortage" of fertilisers in many states across the country, which is deeply affecting farmers, especially during the important Kharif season when crops are growing. It further alleged that d ...Read More >
New Delhi [India], July 9 (ANI): Telangana Chief Minister Revanth Reddy met Union Minister for Fertilizers and Chemicals JP Nadda in the national capital and requested him to supply urea allocated to Telangana on time to meet the agricultural needs during the farming season, as per a release. The Chief Minister met Nadda at the latter's official residence in Delhi on Tuesday. During the meeting, the CM brought to the notice of the Union Minister that only 3.07 lakh metric tonnes of urea was supplied between April and June as against the requirement of 5 lakh metric tonnes in the Kharif season ...Read More >
Nagpur: The licences of eight Krishi Seva Kendras (agriculture service centres) have been suspended, and sales at two others were halted due to irregularities in the sale of chemical fertilisers -- urea and DAP. The action followed a probe conducted by the district agricultural superintendent.Inspections carried out by taluka-level quality control inspectors and flying squads revealed violations at several centres, including Om Ganesh, Rohit, Himanshu, Vaibhav, Mauli, and Shri Krishna Krishi Seva Kendras. Sources said the centres failed to provide satisfactory responses to the queries raised b ...Read More >
In a major relief to the State government which drew flak from the opposition over the shortage of urea, the State is set to receive 27,650 metric tonnes of urea in the next four days. The State had received urea to the tune of 11,930 metric tonnes on Friday and this was preceded by receipt of 23,000 metric tonnes in the last couple of days, Agriculture Minister Tummala Nageswara Rao said. The Minister directed the department officials to reiterate the plea to the Central government to revive th ...Read More >
Hyderabad: With the early onset of pre-monsoon showers, farmers across Telangana have started their agricultural activities ahead of schedule. However, the agriculture department is facing strong criticism for failing to provide adequate fertilizers and seeds necessary for the current season. According to officials, there is a significant shortfall in the availability of essential inputs like urea and cotton seeds, which may negatively impact crop planning and productivity across the state. Also Read: Madhuri Dixit Recalls 'Hum Aapke Hain Koun' Magic with Salman Khan as Monsoon Arrives For ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
HYDERABAD: With the kharif season underway and farmers facing an acute shortage of urea, agriculture minister Tummala Nageswara Rao has written to the Centre, urging immediate intervention to ensure timely and sufficient supply of the critical fertiliser. In letters addressed to Union minister for chemicals and fertilisers JP Nadda, Tummala highlighted the alarming gap between the state's demand and actual supply. The minister said the Centre had allocated five lakh metric tonnes of urea to Telangana for the months of April, May, and June. However, only 3.06 lakh metric tonnes have been suppli ...Read More >
New Delhi, July 14 (SocialNews.XYZ) Highlighting strong economic ties between India and Saudi Arabia, the visit by Union Health and Chemicals and Fertilisers Minister, JP Nadda, to Dammam and Riyadh focused on enhancing bilateral cooperation in the chemicals and fertilisers sector, according to an official statement. Nadda led a high-level delegation for the two-day official visit over the weekend. The minister held discussions with the Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al Khorayef, in Riyadh on mechanisms to strengthen partnership in fertilisers, petrochemi ...Read More >
Hyderabad, Aug 20 (Maxim News): Former Minister and BRS working president K.Tarak Rama Rao lamented that farmers have been facing difficulties for urea for the last two months. Here To Join Us On WhatsApp Speaking to the media in nandinagar on Wednesday, he said that farmers are facing difficulties because of the government's attitude. He said that no prior action was taken, KTR accused the government of using the police to sell fertilizers. "urea problems have started again in Telangana. During our rule, we have ensured that urea problems do not arise. Farmers are suffering due to the lack ...Read More >
Defying pollsters, exit polls, and predictions, the BJP scored a hat trick in Haryana, albeit with a narrow lead in the recent Assembly election. It formed a government on its own sans any ally, and Chief Minister Nayab Singh Saini assumed office for a second consecutive term with relative ease. But the euphoria did not last long. In the first Assembly session convened after the new government took over, the opposition, led by the Congress and the electorally diminished Indian National Lok Dal, attacked the government on the issue of fertilizer shortages in the sowing season. The government d ...Read More >
Union Minister J P Nadda has directed officials to ensure the adequate supply of fertilisers for farmers during the kharif season. He emphasized strict measures against hoarding and black marketing and highlighted the importance of sustainable agricultural practices. Coordination with multiple stakeholders, including states and exporters, is key. Union Chemicals and Fertilisers Minister J P Nadda has issued directives to ensure the sufficient supply of crop nutrients during the crucial kharif se ...Read More >
India suspended Indus Waters Treaty after the Pakistan-linked Pahalgam terror attack Quick Read Summary is AI generated, newsroom reviewed. Pakistan has sent four letters to India urging a reconsideration of the suspended Indus Waters Treaty amid a looming water crisis. India insists that the treaty will remain on hold until Pakistan ceases cross-border terrorism, emphasizing security concerns. New Delhi: Pakistan has written four letters, one after another, requesting India to reconsider it ...Read More >
Devanakonda (Kurnool district): A shortage of urea in Devanakonda mandal has sparked distress among farmers, particularly with recent light rainfall and expanded cotton cultivation prompting increased demand for complex fertilisers. Private fertiliser shops are linking urea sales to bio-pesticides, preventing farmers from purchasing urea independently. As a result, many are flocking to the government-run Rythu Seva Kendra (RSK) in Devanakonda for supplies. On Wednesday, a truck delivering urea bags to the RSK triggered a rush of farmers from surrounding villages. The crisis has been exacerbat ...Read More >
Hyderabad: Agriculture Minister Tummala Nageswara Rao on Monday urged the Union Fertilizers and Chemicals Secretary Rajat Kumar Mishra to ensure that adequate urea is allocated and distributed to Telangana farmers as soon as possible. As part of his visit to Delhi, the minister explained that adequate urea should be supplied to Telangana farmers in these ten days, as urea imports were not at the expected level due to various reasons. Speaking on the occasion, the minister said, "Urea is essential for major crops like paddy, maize and cotton currently being cultivated in the state. These fiftee ...Read More >
Hyderabad: BRS working president K.T. Rama Rao has sharply criticised the Congress-led Telangana government over the ongoing fertilizer shortage in the state, particularly urea. Alleging rampant black marketing, he demanded an immediate inquiry into the issue and questioned the government's accountability. Taking to social media platform X, KTR raised concerns over the spike in urea prices. "Why has the price of a urea bag, which should be available at ₹266.50 under subsidy, increased to ₹325? The state government must provide answers to the farmers and the public," he said. He also questioned ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fire engines are at the spot along with teams from the Mumbai police and the Brihanmumbai Municipal Corporation's local ward machinery, an official from ...Read More >
Mumbai, Jun 6 (PTI) The RBI on Friday cut inflation projections for the current fiscal to 3.7 per cent from the earlier estimate of 4 per cent, as it expects core inflation to remain benign with the easing of international commodity prices. The sub-4 per cent average retail inflation projection is the lowest in recent years. Also Read | Repo Rate Cut: Sensex Welcomes RBI Governor Sanjay Malhotra's Jumbo 50 BPS Rate Cut Announcement, Surges Over 500 Points. The RBI, which cut key policy rate by 50 basis points to 5.5 per cent, said that despite these favourable prognoses, it would remain wat ...Read More >
NELLORE: With urea supplies meant for agriculture facing the risk of diversion to industries, officials in Prakasam district have been asked to step up surveillance and carry out inspections across multiple sectors. According to the agriculture department, the district requires 54,468 metric tonnes of urea for the current kharif season (April-August). So far, 34,051 MT has been supplied, of which 30,565 MT has already been sold. Another 30,597 MT remains available for farmers. Departments have now been tasked with conducting checks on AD Blue manufacturing units, as well as plywood, resin, p ...Read More >