JCM will catalyse advanced Low-carbon Technologies: Yadav (See 'Corp Brief') MyGov's National Space Day Quiz 2025 Winners Experience an Inspiring Journey at ISRO (See 'Corp Brief') NPG assesses 3 Key Projects from Railways and Road (See 'Corp Brief') PMLA - Pre-arrest protection would undermine integrity of ongoing investigation, and anticipatory bail in such cases should be granted sparingly: HC (See 'Legal Desk') NHAI launches Raajmarg Infra Investment Managers Pvt. Ltd (See 'Corp Brief') DRDO, DGA, France ink pact to deepen collaboration in defence R&D (See 'Corp Brief') RTI/SEBI - Refusal to disclose certain information justified, where details sought for pertains to commercial interests of third parties & received by SEBI in fiduciary capacity during its regulatory functions & disclosure of which could harm competitive position of relevant entities - YES: SEBI (See 'Legal Desk') TEC, Delhi IIT sign MoU for collaboration on Joint Studies in Telecom Technologies (See 'Corp Brief') MoS urges Indian Diaspora in Baku to Mentor, Invest, and Shape India's Future (See 'Corp Brief') India Responding to Global Textile Demand with Strength and Confidence: MoS (See 'Corp Brief') 60-40 model to be adopted in Sports with 60% Focus on HRD: Scindia (See 'Corp Brief') Misc - When election process was initiated by notifying election and subsequently commenced, writ petition is not maintainable against it without exhausting alternate remedy: HC (See 'Legal Desk') Our goal must be to make natural farming a fully science-backed movement: PM (See 'Corp Brief') AIM, CFA Institute India forge strategic partnership to boost financial literacy (See 'Corp Brief') Indigenous 'CRISPR' based gene therapy launched for Sickle Cell Disease (See 'Corp Brief') PMLA - Question of substitution of attached property by way of any cash deposit or fixed deposit does not arise, if said property directly/indirectly acquired are attached, but not attached as value thereof: SAFEMA (See 'Legal Desk') CCI allows India Resurgence Fund to pick up equity in Digvijay Cement (See 'Corp Brief') CCI okays merger of ADES International Cayman, with and into Shelf Drilling (See 'Corp Brief') IBC - Assignment of loan by lender/bank to new entity does not necessarily require express consent of borrower, but knowledge by borrower would suffice: HC (See 'Legal Desk') Govt introduces new modalities under PMFBY to strengthen farmer protection (See 'Corp Brief') Second regional meeting of Urban Development Ministers held in Hyderabad (See 'Corp Brief') Trade Marks Act - New trade mark be struck off where it seeks to bank on existing goodwill accumulated by original trade mark & where original mark's owner has superior right over trade mark: HC (See 'Legal Desk') Reddy to inaugurate GSI's International Seminar in Jaipur (See 'Corp Brief') Joshi highlights role of technology in strengthening PDS and reaching the poorest (See 'Corp Brief') SAFEMA: If relative or associate of convict/detenue establish that property is not acquired with monies or assets provided by detenu, then properties of relatives/associates cannot be forfeited even if illegally acquired: SAFEMA (See 'Legal Desk') Mandaviya inaugurates EPFO's first-ever Modernised Digital Pavilion at IITF 2025 (See 'Corp Brief') NHAI takes Initiative to Publish Updates for Underbidding Projects on Website (See 'Corp Brief') India, Russia hold High-Level Interagency Consultations in New Delhi (See 'Corp Brief') Gati Shakti Vishwavidyalaya, DRDO sign MoU to develop Smart Tech Solutions (See 'Corp Brief') Misc - Legal heirs who are guilty of misconduct disentitles them to seek indulgence of Court to condone delay: HC (See 'Legal Desk') India unveils ARKA-GKT1, First Generation Energy-Efficient Edge Silicon Chip (See 'Corp Brief') MSME, KVIC, COIR and NSSH Pavilions inaugurated at Trade Fair (See 'Corp Brief') India highlights Rapid Telecom Transformation; Urges Collaborative Cybersecure Future (See 'Corp Brief') 5 institutes of Ministry of Earth Sciences brought under single umbrella (See 'Corp Brief') From Markets to Monuments: Advancing Clean Toilets and Hygienic Spaces (See 'Corp Brief') Capital Market - Fact that transactions in particular contract were reversed with same counterparty for same quantity of units, indicates prior meeting of minds with view to execute reversal trades at pre-determined price: SEBI (See 'Legal Desk') Puri visits Hanwha Ocean's shipbuilding facility in South Korea (See 'Corp Brief') IPR - Mere fact that any mark consists of numbers does not, in itself, make it unregistrable: HC (See 'Legal Desk') IndiaAI Zone unveiled showcasing India's Journey from Action to Impact (See 'Corp Brief') IPR - Counterfeiting not only harms brand reputation but also misleads consumers, making strict legal action necessary to deter such unlawful practices: HC (See 'Legal Desk') Puri holds Shipbuilding Meetings to boost India's Maritime Vision (See 'Corp Brief') Company Law - Company can prosecute any of its officers and when any officer of Company is to be prosecuted, then Section 439 of Companies Act would not be applicable: HC (See 'Legal Desk') AAI showcases future of Aviation at 44th India International Trade Fair 2025 (See 'Corp Brief') IPR - Mere identity or similarity of mark, of which registration is sought, and earlier mark, is not sufficient as ground to reject registration application: HC (See 'Legal Desk') India-Canada Ministerial Dialogue on Trade and Investment concludes (See 'Corp Brief') Misc - Remedy for recovery of money instituted under Article 226 of Constitution of India is not intended to enable claimant to recover monies, recovery of which by suit is barred by limitation: HC (See 'Legal Desk') Government intervention and Corporate governance (See CORP EINSICHT)

Print

Potassium derived from Molasses can be used by farmers: Minister

Published: Feb 05, 2025

By TIOLCorplaws News Service

NEW DELHI, FEB 05, 2025: POTASSIUM Derived from Molasses (PDM) is a by-product of sugar industry. PDM has minimum 14.5% potash and can be used by farmers in field as an alternative to MOP (Muriate of Potash with 60% potash content). Thus, PDM can reduce the dependence on imported potash. PDM was notified under Fertilizer Control Order (1985) in 2009, and in order to incentivize the use of PDM, it was inducted under Nutrient Based Subsidy scheme since Rabi, 2022. During 2024-25, Rs. 345 per tonne of subsidy has been fixed for PDM.

Potash and Glauconite(Potassic mineral) have been classified as Critical and Strategic Minerals under "The Mines & Minerals (Development and Regulation) Amendment (MMDR) Act, 2023" by Ministry of Mines which aims to enhance domestic production and achieve self- sufficiency in critical minerals. MMDR Act, 1957 ensure that critical minerals are produced, processed, and recycled by catalyzing investments from governments and the private sector across the full value chain, emphasizing the importance of sustainable and responsible mineral management practices. The Central Government has also commenced the auction of mineral blocks for critical & strategic minerals as per provisions of MMDR Act, 1957. As on 10.12.2024, Ministry of Mines have successfully auctioned 5 mineral blocks of Glauconite(Potassic mineral).

Chemical sector is broadly de-regulated and delicensed sector. The manufacturing, import, export, transportation etc. of Ammonium Nitrate are being regulated by Ammonium Nitrate Rules, 2012. Petroleum and Explosives Safety Organisation (PESO) issues licenses for manufacture, storage, transportation, import and export of Ammonium Nitrate under these rules. The licenses for manufacturing of Ammonium Nitrate are issued based on Industrial Licenses issued by Department of Promotion of Industry & Internal Trade (DPIIT).

 In Budget 2024-25, Basic Custom Duty (BCD) on Ammonium Nitrate has been increased from 7.5% to 10% to support existing and new capacities in pipeline. Directorate General of Trade Remedies (DGTR), Department of Commerce provides a level playing platform to the domestic industry against the adverse impact of the unfair trade practices viz. dumping, actionable subsidies, circumvention etc. from any exporting country by using effective Trade Remedial measures such as anti-dumping and safeguard measures. However, currently, there are no pending applications seeking  protection in terms of import barriers like anti-dumping duty or countervailing duty/anti-subsidy duty on Ammonium Nitrate.

The Government has approved the Market Development Assistance (MDA) @ Rs. 1500/MT to promote organic fertilizers, i.e. manure produced at plants under GOBARdhan initiative covering different Biogas/CBG support schemes/programmes of stakeholder Ministries/Departments such as Sustainable Alternative Towards Affordable Transportation (SATAT) scheme of Ministry of Petroleum and Natural Gas (MoPNG), ‘Waste to Energy' programme of Ministry of New & Renewable Energy (MNRE), Swachh Bharat Mission (Rural) of Department of Drinking Water & Sanitation (DDWS), etc. with total outlay of Rs. 1451.84 crore (FY 2023-24 to 2025-26), which includes a corpus of Rs. 360 crore for research gap funding, etc.

Further, Institute of Pesticides Formulation and Technology works on supporting adoption of greener technologies and development of user & environment friendly new pesticide formulations. UNIDO FARM (Financing Agrochemical Reduction and Management) Project undertaken by HIL (India) Ltd. to detoxify the agriculture sector by eliminating the use of highly hazardous pesticides and Persistent Organic Pollutants. The project focuses on three types of bio-pesticides: Btk (Bacillus thuringiensis kurstaki), Neem, and Trichoderma spp. Btk, a strain of the bacterium Bacillus thuringiensis, which is e?ective for controlling caterpillar pests, while Neem controls a wide range of insect pests. Trichoderma provides e?ective control against soil-borne fungal diseases and enhances plant growth.

This information was given by the Union Minister of State for Chemicals and Fertilizers Anupriya Patel in Rajya Sabha in written reply to a question yesterday.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.