Hi, NewsWrap for April 17, 2023

17-April-2023: Urea Subsidy Projections, India’s Deisel Sales, G20 Meeting, Farm Distress Index, Lenovo Smart Technology

17 April 2023

  • Urea Subsidy Projections for FY24: Below Rs 1-lakh cr Against BE of Rs 1.31-lakh cr

    Following the drop in global fertilizer prices and the revision of the local petrol pricing mechanism, the fertilizer subsidy in the current fiscal year may be less than the 1.75-lakh crore allotted in the Budget, while the urea subsidy, which accounts for the majority, may be less than 1 lakh crore. "We may be able to keep the urea subsidy under one lakh crore in the current fiscal," as per Fertilizer Secretary Arun Singhal. According to him, the overall fertilizer subsidy will be lower than the Budget Estimate. The urea subsidy is anticipated to be Rs.1.31 lakh crore during 2023-24. According to officials, the last tender for imported urea was $330/tonne (f.o.b. China), down from an average of $475 in February and $665 in October 2022.

     

  • Agriculture Demand Boosts India’s Deisel Sales to Record Highs in April

    The most consumed and demanded fuel in the country i.e., diesel accounts for about two-fifths of the demand, soared over 15 per cent to 3.45 million tonnes in the first half of April when compared to a year ago. In India, diesel sales hiked sharply in the first half of April as agricultural activity picked up and trucking rose to meet the industrial demand, preliminary industry data showed on Monday. The most consumed and demanded fuel in the country i.e., diesel accounts for about two-fifths of the demand, soared over 15 per cent to 3.45 million tonnes in the first half of April when compared to a year ago.

     

  • India Marks 100th G20 Meeting Under Its Presidency with Focus on Agriculture

    On Monday, India marked a significant milestone in its G20 presidency by holding its 100th G20 meeting, the Meeting of Agricultural Chief Scientists (MACS), in Varanasi. On Monday, there will be the 2nd Health Working Group in Goa, the 2nd Digital Economy Working Group in Hyderabad, and the Space Economy Leaders' Precursor Meeting in Shillong.

     

  • Researchers Develop ‘Farm Distress Index’ to Identify Farmers in Need of Support

    The Period of farm distress continues to be reported from various parts of the country. The distress can lead to suicides by farmers if left unattended. In the absence of a sustainable mechanism to recognize the distress as it happens, farmers facing hardships are not being attended to at the right time. At the Central Research Institute for Dryland Agriculture (CRIDA), an Indian Council of Agricultural Research (ICAR) organ, the scientists have developed an early warning system called the ‘Farmers Distress Index’.

     

  • Lenovo's Smart Technology Supports Millet Revival to Benefit 200+ Households in Kerala

    Following the global success of Lenovo's Work For Humankind initiative, Lenovo announces the start of Work For Humankind India, which will employ Lenovo's smarter technology to revitalize millet production in the picturesque town of Kanthalloor, Kerala. Lenovo personnel will make a long-term positive influence on the millet farming community while working remotely from Kanthalloor in collaboration with Dream India Network and local student volunteers. Kanthalloor, the location of Work For Humankind, is a village surrounded by the Western Ghats mountains. It's a rich agricultural paradise with continual mist and evergreen forest cover.

     

On the news

17 April 2023

That's it for for 17 April 2023
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