FERTILISER MINISTRY
Ukrainian drone attack on Russia's Tuapse port kills one
A Ukrainian drone attack hit Russia's Tuapse port, causing a fire and killing at least one person. This major southern port is a key oil export hub and home to a large refinery. Debris from the drones damaged several buildings, including a kindergarten and a church. Russia's defense ministry reported destroying many drones overnight.
Oil tankers transiting Strait of Hormuz since start of Iran war
Oil tankers from various nations are successfully passing through the Strait of Hormuz. These vessels are carrying vital oil and gas supplies to destinations across Asia and Europe. Despite ongoing tensions, maritime traffic continues to flow, ensuring global energy needs are met. This movement highlights the resilience of international trade routes.
PM Narendra Modi to address nation at 8:30 pm after high-level security, economic reviews
Prime Minister Narendra Modi will address the nation tonight. He chaired high-level meetings focusing on West Asia tensions and domestic preparedness. Discussions covered essential supplies like fuel and food. The government is ensuring adequate stocks for upcoming seasons. Contingency plans are in place to manage potential disruptions.
Narendra Modi chairs key CCS, Cabinet meetings in Parliament
Prime Minister Narendra Modi led a crucial cabinet meeting in New Delhi. Discussions focused on economic affairs and security measures. The government reviewed steps to ensure the availability of essential goods like petroleum products, fertilizers, and electricity. The impact of the West Asia conflict on India's economy was also assessed.
Indian banks halt gold, silver imports amid delay in government clearance, sources say
Indian banks have halted gold and silver import orders as a fresh government authorisation under DGFT is still pending, leaving tonnes of bullion stuck at customs. India, a top global consumer, risks supply shortages and rising premiums if delays continue.
100% domestic LPG, PNG supply ensured amid West Asia crisis: Govt
India has successfully maintained full supply of Piped Natural Gas and Liquefied Petroleum Gas for homes. This was achieved by prioritising domestic needs during energy disruptions from the West Asia crisis. Commercial LPG supplies have also been restored significantly. The government implemented measures to manage demand and ensure availability for critical sectors and industries.
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Aatmanirbhar 2.0 in works to cushion India against supply chain, energy pain
India had unveiled several targeted interventions during the Covid-19 pandemic to ensure availability of several key products and to reduce dependence on imports as part of the Aatmanirbhar initiative.
Centre reshuffles top bureaucracy; appoints 48 officers as joint secretaries
The Centre has announced a significant bureaucratic reshuffle. Forty-eight civil servants have been appointed to joint secretary or equivalent positions. Hardik Satishchandra Shah is now private secretary to the prime minister at the joint secretary level. Several other officers have been assigned key roles across various government departments, including agriculture, civil aviation, commerce, defence, and home affairs.
A quiet new reset is loading in India's backyard and the world is watching
India-Bangladesh relations: Ater navigating through diplomatic hurdles, India and Bangladesh are now on a path to rejuvenate their partnership. Recent high-level discussions have emphasised key areas like energy trade, simplifying visa regulations, and enhancing security alliances. Bangladesh's increasing demand for diesel and fertiliser from India has set the stage for cooperative initiatives.
Centre saves ₹55,000 crore as FY26 spending undershoots estimates
Government spending in the last fiscal year was less than planned. This saving of about ₹55,000 crore will help manage tax collection shortfalls. Unspent funds were noted in ministries for water, sanitation, and housing. Savings also came from better direct benefit transfer management. This fiscal prudence aids the government's financial targets.
Centre may rejig spending to meet FY27 fiscal deficit target
The Indian government is looking at shifting its spending priorities. This is to manage new expenditure needs arising from supply chain issues caused by the West Asia war. The aim is to meet the fiscal deficit target for 2026-27. Officials are reviewing ministry spending to reallocate funds if necessary.
Israel-Iran war: India flags crunch in key pharma solvents used for life-saving drugs; govt moves to stabilise supply
India faces challenges with essential drug ingredient supplies. Geopolitical issues are impacting key solvents and feedstocks. However, drug prices are stable. The government is taking steps to ensure availability. Pro-rata allocation of feedstocks is underway. Methanol supply is a concern, with efforts to boost production. The situation is expected to normalize soon.
West Asia conflict deals a double whammy to India’s farm sector: pre-harvest cost pressures, post-harvest shipping delays
Supply shocks, export disruptions, and labour shortages caused by the Iran war are beginning to strain India’s agriculture despite ample foodgrain stocks.
Strategic reset: India and Bangladesh signal commitment to strengthen relations
India's External Affairs Minister S Jaishankar met with his Bangladeshi counterpart Khalilur Rahman. They discussed strengthening bilateral ties and charting a new path of cooperation. India conveyed its desire to engage constructively with the new government in Dhaka. Both sides agreed to remain in close touch and explore proposals for deepening their partnership. Visa issuance for Bangladeshis will be eased.
Capped LPG allocation cleared for polymer, steel, pharma sectors
The government is increasing commercial LPG supplies for industries. Units can now get up to 70 percent of their previous consumption. This applies to sectors like pharma, food, and steel. A daily limit of 200 tonnes is in place for all eligible industries. Priority goes to essential specialized processes. This move aims to support industrial output amid energy supply challenges.
US-Iran ceasefire set to ease pressure on India's energy supplies
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.
India doubles 5-kg LPG cylinder quota to ease supply concerns amid Hormuz tensions
The government has doubled the daily quota of 5-kg LPG cylinders for migrant workers. This move aims to stabilize fuel supplies amidst global energy disruptions. Market-priced 5-kg cylinders are now more accessible. The government is also increasing commercial LPG allocation and enforcing measures against hoarding.
India weighs austerity steps, sees no immediate risk to FY27 deficit goal, sources say
India is maintaining its focus on crucial infrastructure projects like roads and railways. Despite global oil price surges due to the Middle East crisis, the government believes its fiscal deficit target remains achievable for now. Officials are exploring spending curbs in some areas but are committed to capital expenditure for growth and jobs.
Iran war: Natural gas pool set to release 7 mmscmd to priority sectors amid supply crunch
Facing a supply crunch due to the Iran war, India will pool 7 mmscmd of natural gas for city distributors, fertiliser makers, and industries at $11.60/mmbtu. This move follows a 60% import drop, with state-run Gail managing the diversion. The pooled gas comprises imports and domestic output, aiming to ease sector-specific shortages.
Govt steps up LPG supply, urges calm amid Hormuz concerns
Sales of 5-kg LPG cylinders have increased significantly. The government is boosting supplies and taking action against hoarding. Domestic LPG and piped natural gas supplies are prioritized for households and essential services. Refineries are operating at high capacity. Petrol pumps are fully stocked. Citizens are advised to avoid panic buying and rely on official information.
Trump threatens Iran with ‘Power Plant Day’ if Hormuz stays shut
President Donald Trump issued a provocative warning to Iran via Truth Social, threatening to target power plants and bridges if the Strait of Hormuz is not reopened. This escalation comes amid an intensifying standoff over the vital shipping route, with Trump reiterating severe consequences for non-compliance.
Key petrochemical products get 3 month import duty relief
India has waived customs duty on key petrochemical imports until June 30. This move provides relief to sectors like pharmaceuticals, chemicals, and textiles. The government aims to ensure stable domestic supplies and control prices. This exemption is a temporary measure to support industries and consumers.
Russian firms can scale up oil, LNG supplies to India: Country's first Deputy Chairman Manturov
Russia's First Deputy Chairman Denis Manturov reaffirmed that Russian companies have the capacity to steadily increase supplies of oil and liquefied natural gas (LNG) to the Indian market amid the energy crisis due to the conflict in West Asia, underlining deepening energy cooperation between the two countries during his official visit to the country.
Iran War: Fertiliser, agri-input stress emerges; Kharif outlook hinges on policy, farmer choices
India relies heavily on fertiliser imports routed through the Strait of Hormuz, which is currently facing disruptions.
Centre pushes states on fertiliser black-marketing, MSP procurement; 9.25 crore farmer IDs created
Union Agriculture Minister Shivraj Singh Chouhan urged states to achieve 100% farmer registration for schemes within six months, emphasizing the need to curb fertilizer hoarding and black-marketing. He also stressed mandatory Aadhaar-linked registration and biometric authentication for MSP procurement of pulses and oilseeds, with direct DBT payments to farmers.
Centre pushes states on fertiliser black-marketing, MSP procurement; 9.25 cr farmer IDs created
Union Agriculture Minister Shivraj Singh Chouhan reviewed farmer registration, fertilizer distribution, and pulse procurement with state ministers. He urged 100 percent farmer registration within six months and strict checks on fertilizer hoarding.
Incentives may be given for coal gasification: Minister for coal and mines G Kishan Reddy
Coal gasification is an immediate substitute for some petroleum products and imported ammonia, Reddy said on the sidelines of an event to sign a land lease pact for Bharat Coal Gasification and Chemicals' upcoming project in Odisha.
PM Modi chairs CCS meet to ensure fuel, fertiliser, power supply amid West Asia conflict
Prime Minister Narendra Modi chaired a high-level meeting to review preparedness for the West Asia conflict. The focus is on ensuring uninterrupted supply of fuel, fertilisers, and power. Measures are being taken to diversify sourcing of petroleum products and ensure adequate power availability.
India has adequate seed stock available amid the Israel-Iran war, says govt official
India assures ample seed availability for the upcoming sowing season. This comes as global supply chains face disruptions. The nation boasts a self-reliant seed system. For the Kharif Season 2026, a surplus of 19.29 lakh quintals is reported. This ensures agricultural needs are met, providing stability for farmers.
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