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Latest Macro Economy News & Updates | The HinduBusinessLine

RBI Monetary Policy Meet June 5, 2026 Highlights: Repo rate unchanged at 5.25%, policy stance neutral; 5 measures to attract dollars Domestic Strength Shields India from $114 Oil Shock: PMEAC Chairman S Mahendra Dev Micro-Economic Impact of Budget: Panelists concerned over state finances, laud fiscal consolidation Infrastructure spending gets a leg-up with govt capex pegged at ₹12.2 lakh crore in 2026-27 Budget Raise Urea MRP, pay fertiliser subsidy to farmers, says Survey Data from more urban, rural markets from 12 big cities to used for new CPI series Cyclone Ditwah retains status, winds to wind down I-T dept eyes 25,000 cases under Nudge Campaign for declaration of foreign assets, income GST rate cut, domestic demand can shield India from Trump tariffs Customs imposes penalties on 2 firms for irregularities in organic rice exports GST Council likely to meet soon after winter session, insurance to be in focus India withstood geopolitical shocks; will navigate future uncertainties too: MPC’s Jayanth R Varma India has no plans to import wheat for now - Piyush Goyal After weak December quarter, winter products begin seeing an uptick in demand Telangana attracted ₹2.60 lakh crore investment during 2014-23 Indian economy to exceed growth estimates after strong Q2 beat: economists Prolonged Persian Gulf crisis can affect India’s economic activity: FinMin How a Dharavi-based housemaid inspired rural financial start-up Jai Kisan India’s UPI is an exemplar for the world: Eswar Prasad A single adverse weather event such as El Niño may not be a threat to macroeconomic stability, RBI Bulletin Karnataka CM Siddaramaiah to flag off bl’s MSME Growth Conclave Wholesale inflation declines to 90-month low of -3.48% in May Strategic disinvestment: CBDT to exempt deemed taxation of difference in book value and fair value Global steel output declines 2.4% in April as China disappoints Realtors see hit in demand at the lower end Strength of India intact, forex reserves swelled by $8 billion in last two days: FM Economic Survey: States taking new initiatives to improve their revenue sources Economic Survey: Huge gap between expectation and reality, says Amit Mitra Rare earth elements and critical minerals will be next geopolitical battleground: Survey ‘Sharp increase in Railway freight traffic indicative of strong revival in economic activity post-Covid’
India imports 46.14 lakh tonnes of urea in Apr-Nov this f...
By PTI · 2022-12-13 · via Latest Macro Economy News & Updates | The HinduBusinessLine

Urea production stood at 187.21 lakh tonnes during April-November period of this fiscal, while imports were at 46.14 lakh tonnes to meet domestic demand.

In a written reply in the Rajya Sabha, Minister of State for Chemicals and Fertilisers Bhagwanth Khuba shared the data for consumption, production and import of urea in the last three years.

As per the data, urea production stood at 250.72 lakh tonnes in the 2021-22 fiscal as against 246.05 lakh tonnes in 2020-21 and 244.58 lakh tonnes in the 2019-20 financial year.

Urea imports stood at 91.36 lakh tonnes in the last fiscal, 98.28 lakh tonnes in 2020-21 and 91.23 lakh tonnes in 2019-20.

Urea is presently sold in 45-kg bags and the maximum retail price (MRP) is ₹242 per bag (excluding charges towards neem coating and taxes as applicable).

"The subsidy provided per 45kg bag of urea is approximately ₹1,800 (Q1 of 2022-23)," the minister said.

The difference between the production cost and MRP is reimbursed as subsidy to fertiliser manufacturers.

Published on December 13, 2022