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New Delhi, Apr 9 (PTI) The government has stepped up supplies of critical petrochemical feedstock to the pharmaceutical industry to ensure uninterrupted production of essential medicines, as global supply chains remain strained due to the crisis in West Asia. Prior to the West Asia conflict, the pharmaceutical industry imported a bulk of its petrochemical feedstock, mostly in Kandla, Gujarat, from where the logistics chain took them to factories. The war, however, has disrupted those imports, w ...Read More >
New Delhi: The government is holding discussions with Assam Petrochemicals and Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) to ensure an adequate supply of methanol for the pharmaceutical industry, which has been impacted due to disruptions in global supply chains arising from the ongoing West Asia crisis. Speaking during the Inter-Ministerial Briefing on Recent Developments in West Asia on Thursday, Satyaprakash TL, Joint Secretary, Department of Pharmaceuticals, Ministry of C ...Read More >
New Delhi [India], April 9 (ANI): The government is holding discussions with Assam Petrochemicals and Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) to ensure an adequate supply of methanol for the pharmaceutical industry, which has been impacted due to disruptions in global supply chains arising from the ongoing West Asia crisis. Speaking during the Inter-Ministerial Briefing on Recent Developments in West Asia on Thursday, Satyaprakash TL, Joint Secretary, Department of Pharmac ...Read More >
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday cleared the Jaipur Metro Phase-2 project, a 41-km North-South corridor from Prahladpura to Todi Mod, at a cost of ₹13,037.66 crore, Union minister Ashwini Vaishnaw during at a post-meeting media briefing. The 50:50 Centre-state joint venture, to be executed by Rajasthan Metro Rail Corporation Limited (RMRCL), is expected to be completed by September 2031. "Jaipur has emerged as a major hub for tourism, conferences, healt ...Read More >
New Delhi [India], April 9 (ANI): Indian markets may be on the cusp of a significant upcycle, supported by improving macro fundamentals, earnings momentum, and policy support, noted a report by Morgan Stanley. The global financial services firm has projected a strong recovery in Indian equities in its latest India Equity Strategy Playbook. The report notes that "trailing performance, valuations, positioning and earnings all support a major recovery in Indian stocks over the coming months," add ...Read More >
DEFENCE MINISTER Rajnath Singh on Wednesday chaired the third meeting of the Informal Group of Ministers (IGoM), which was briefed about the easing of energy prices in the backdrop of the ceasefire that was agreed upon by Iran and the US on Wednesday after weeks of tensions in West Asia. In a statement issued late Wednesday, the Ministry of Defence said the Ministers in the IGoM - formed to take stock of India's readiness in view of the recent developments in West Asia - were informed that key ...Read More >
New Delhi, Apr 9 (PTI) The World Bank has marginally raised India's growth projections for 2026-27 fiscal to 6.6 per cent and said that although GST rate cuts would boost consumer demands in the initial months of the fiscal, headwinds arising from the Middle East crisis could dent growth. The FY27 projection compares with estimates of 6.9 per cent by the RBI, 6.1 per cent by the OECD, and 6 per cent by Moody's Ratings. In its South Asia Economic Update report released on Wednesday, the World B ...Read More >
India's energy outlook improves as a ceasefire between Iran and the US brings down crude oil prices. The critical Strait of Hormuz is reopening, easing concerns over energy imports. India had faced supply disruptions for LPG and natural gas. Efforts are underway to free stranded Indian vessels. New Delhi, India's energy outlook brightened on Wednesday after a fragile ceasefire between Iran and the US triggered a sharp drop in crude prices and reopened hopes of supply normalization through the w ...Read More >
Amid concerns of a possible increase in fertilizer prices on account of the situation in West Asia, the Union Cabinet here on Monday approved an increase of about 12% in nutrient-based subsidy for Phosphatic and Potassic (P&K) fertilizers for the ongoing kharif crop season. Effective April 1 and up to September 30 this year, the tentative budgetary requirement for the subsidy will be ₹ 41,533.81 crore. "This is approximately ₹4,317 crore more than the budgetary requirement for kharif 2025 sea ...Read More >
Moody's Ratings has slashed India's economic growth estimates for the current fiscal to 6% from 6.8% earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks. In its credit opinion report on India, Moody's said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs, and spillovers to food inflation through India's reliance on imported fertilisers. Moody' ...Read More >
New Delhi [India], April 9 (ANI): The Informal Group of Ministers (IGoM), headed by Defence Minister Rajnath Singh, took stock of India's readiness in view of the recent developments in West Asia during its third meeting at Kartavya Bhawan-2, New Delhi, on April 8, the government said in a release. Minister of Finance & Corporate Affairs Nirmala Sitharaman; Minister of External Affairs S Jaishankar; Minister for Agriculture & Farmers' Welfare and Rural Development Shivraj Singh Chouhan; Ministe ...Read More >
Hyderabad: The stage is set for the training of 30,000 soil health volunteers across the state. The first batch of soil health volunteer training, jointly organised by Professor Jayashankar Telangana State Agricultural University (PJTSAU) and the agriculture department, began for 1,200 volunteers on Monday."Our govt is committed to providing soil health cards to all farmers in the state," said agriculture department secretary Surendramohan. He emphasised that land is a farmer's asset and that on ...Read More >
New Delhi [India], April 8 (ANI): Defence Minister Rajnath Singh on Wednesday chaired the third meeting of the Informal Empowered Group of Ministers (IGoM) set up to monitor the evolving situation in West Asia. The meeting reviewed measures being taken to ensure the continued availability of essential commodities and safeguard Indian citizens from the impact of regional tensions. In a post on X (formerly Twitter), Rajnath Singh said, "Chaired the 3rd meeting of the Group of Ministers on West A ...Read More >
Mumbai, 8 April (Argus) -- Indian LNG importers may still need to bid for uncommitted LNG cargoes from the Atlantic despite a ceasefire agreed between the US and Iran. Indian LNG importers are issuing a series of spot LNG tenders this week as global prices softened with weaker demand emerging out of Europe and other parts of Asia, which in turn may lead to shippers diverting their uncommitted Atlantic cargoes to India. Indian state-run refiner IOC has raised a total of two spot LNG tenders for ...Read More >
New Delhi [India], April 9 (ANI): The Informal Group of Ministers (IGoM), headed by Defence Minister Rajnath Singh, took stock of India's readiness in view of the recent developments in West Asia during its third meeting at Kartavya Bhawan-2, New Delhi, on April 8, the government said in a release. Minister of Finance & Corporate Affairs Nirmala Sitharaman; Minister of External Affairs S Jaishankar; Minister for Agriculture & Farmers' Welfare and Rural Development Shivraj Singh Chouhan; Ministe ...Read More >
Inaugurating the '6th Uttar Pradesh Agricultural Science Congress-2026' here, the chief minister outlined a broad roadmap for modernising the farm sector through the convergence of technology, traditional practices and policy reforms, while calling for agriculture to be made profitable and sustainable rather than merely production-oriented. "Now the time has come to move beyond the 'lab to land' approach. Land itself must become the lab, where farmers and scientists work together and fields bec ...Read More >
New Delhi: An informal group of ministers headed by Defence Minister Rajnath Singh on Wednesday reviewed India's preparedness in view of the continuing crisis in West Asia, with the government asserting that adequate stocks of fuel, fertilisers and foodgrains are being maintained to cushion any fallout. At the meeting of the Informal Empowered Group of Ministers (IGoM), the Centre said it was closely monitoring the evolving situation and had taken steps to ensure uninterrupted supplies of LPG, ...Read More >
Cabinet approves revised Rs 79,459 crore cost for HPCL Rajasthan refinery, boosting petrochemical output and supporting energy security and import substitution The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the revision of HPCL Rajasthan Refinery Ltd (HRRL) project cost from ₹43,129 crore to ₹79,459 crore and additional equity investment of ₹8,962 crore by Hindustan Petroleum Corporation (HPCL). The total equity investment ...Read More >
New Delhi: The Union cabinet on Wednesday approved nutrient-based subsidy (NBS) rates for phosphatic and potassic (P&K) fertilisers for the upcoming kharif 2026 season, allocating Rs 41,534 crore to support farmers. The allocation is higher than the Rs 37,216 crore earmarked for kharif 2025, reflecting increased global prices of key inputs such as urea, DAP, MOP and sulphur, the government said in a statement. Also Read: Key fertiliser buyer India issues tender as war hits supply The approved ...Read More >
New Delhi, Apr 8 (PTI) The World Bank on Wednesday marginally raised India's growth projections for the 2026-27 fiscal to 6.6 per cent and said although GST rate cuts would boost consumer demands in the initial months of the fiscal, but headwinds from the Middle-East crisis could dent growth. The FY'27 projection compares with 6.9 per cent estimated by the Reserve Bank of India (RBI), 6.1 per cent by the OECD and 6 per cent by Moody's Ratings. In its South Asia Economic Update report, the Worl ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Informal Group of Ministers (IGoM), chaired by Defence Minister Rajnath Singh, held its third meeting to assess India's readiness in the face of the evolving situation in West Asia. The high-powered group reviewed measures to ensure energy security, food supply stability, and overall economic resilience. Defence Minister Rajnath Singh directed all ministries to remain vigilant and focus on preparedness, coordination, and resilience building. He stated t ...Read More >
New Delhi: "Govt is ensuring continued availability of LPG, petrol, diesel and fertilisers and facilitating supply of essential commodities," said Defence Minister Rajnath Singh. Singh chaired the third meeting of the Informal Empowered Group of Ministers (IGoM) to monitor the evolving situation in West Asia. He reviewed measures being taken to ensure the continued availability of essential commodities and safeguard Indian citizens from the impact of regional tensions. In a post on X, he Singh ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Congress on Wednesday welcomed the interim cessation of hostilities in West Asia but launched a sharp attack on the Narendra Modi government, accusing it of diplomatic missteps that allowed Pakistan to emerge as a key mediator in the US-Iran ceasefire deal. In a detailed statement issued by its Foreign Affairs Department, the Congress described the temporary ceasefire as "a vital step towards de-escalation, renewed diplomacy and constructive dialogue" and ...Read More >
NEW DELHI: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a series of decisions with a combined financial implication of over Rs 1.74 lakh crore, including an increase in Nutrient Based Subsidy (NBS) on fertiliser rates for the Kharif season by Rs 4,317 crore. The cabinet also approved two Hydroelectric projects in Arunachal Pradesh worth Rs 40,000 crore, the second phase of Jaipur Metro (42 Kms) with an outlay of Rs 13,000 crore and an upward cost revision to ...Read More >
New Delhi: The government announced on Wednesday that, based on available inventory and scheduled LNG cargo arrivals, the overall gas allocation to fertiliser plants is being further enhanced by 5 per cent to reach approximately 95 per cent of their six-month average consumption, with effect from April 9. The announcement comes in the wake of the ceasefire between the US and Israel, which is expected to open up the Strait of Hormuz for ships stranded in the Persian Gulf to sail through with the ...Read More >
New Delhi, Apr 8 (PTI) Prime Minister Narendra Modi on Wednesday hailed the Union Cabinet's approval of Phase-2 of the Jaipur Metro as a significant boost to urban mobility, while also commending the nod to two hydroelectric projects in Arunachal Pradesh and the increased subsidy for phosphate and potash fertilisers. In a series of posts on X, the prime minister said the cabinet's approval for Jaipur Metro Phase-2 is a significant step towards sustainable urban growth. "Jaipur is set for a maj ...Read More >
Nashik: Farmers are facing growing financial stress as fertiliser prices have increased from April 1, adding to their production costs. The recent hike of around ₹125 to ₹300 per bag has made farming more expensive at a time when many are already struggling. Bhaskarrao Bhagare has raised the issue with the Central Government and written to J P Nadda, seeking urgent action. In his letter, Bhagare said that the price rise in commonly used fertilisers like 10:26:26, 12:32:16, and 20:20:0:13 is di ...Read More >
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi Wednesday approved the proposal of the Department of Fertilisers for fixing the Nutrient Based Subsidy (NBS) rates worth Rs 41,534 crore for KHARIF Season, 2026 on Phosphatic and Potassic (P&K) fertilisers. The Kharif season stretches from April 1, 2026 to September 30, 2026. Speaking at the cabinet briefing, Union Minister Ashwini Vaishnaw said that under the Nutrient Based Subsidy (NBS) scheme for our 'Annadatas' and farmer ...Read More >
New Delhi: The government on Wednesday said that India currently has sufficient coal stocks at mines, with enough fuel available to meet power generation demand. Joint Secretary, Ministry of Coal, Sanjeev Kumar Kassi, said during an inter-ministerial briefing on recent developments in West Asia, that the government has asked coal companies to ensure adequate supply amid global uncertainties. The ministry has issued guidance to coal producers to keep supplies steady despite rising input costs, ...Read More >
New Delhi [India], April 8 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi, today has approved the proposal of the Department of Fertilisers for fixing the Nutrient Based Subsidy (NBS) rates for KHARIF Season, 2026 (from April 1, 2026 to September 30, 2026) on Phosphatic and Potassic (P&K) fertilisers. Speaking at the cabinet briefing, Union Minister Ashwini Vaishnaw said, "Under the Nutrient Based Subsidy (NBS) scheme for our 'Annadatas' and farmer brothers, a complete subsid ...Read More >
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