Latest news with #YogeshChandra
Time of India
4 days ago
- Business
- Time of India
Fertiliser companies turn to EU, Russia & West Asia as China halts exports
With China halting specialty fertiliser exports to India for two months now, Indian companies have turned to Europe, Russia and West Asia to import raw materials for manufacturing specialised fertilisers at significantly higher prices. China was the preferred source for these imports due to higher availability, shorter sailing time, and affordable prices, industry insiders noted. "Imports from China were cheaper and imports from other countries are at 15-20% higher prices already," said Yogesh Chandra, vice president at Transworld Furtichem, maker of Nutrifeed brand of fertilisers. Around 80,000-100,000 tonnes of raw materials are expected to reach India from alternate sources to replace the 150,000-160,000 tonnes of speciality fertilisers believed to be stuck at Chinese ports, according to estimates by the industry. While there is no official export ban, Chinese authorities have stopped inspecting India-bound consignments, which is mandatory for export clearance. China is the largest exporter of specialty fertilisers with about 32% share in global trade. It continues to export them to other nations. India imports about 80% of its supplies of these chemicals from China. Imports from other countries are costlier due to limited availability and higher shipping charges. Companies expect prices to go up further, particularly those of two important nutrients-mono ammonium phosphate (MAP) and calcium nitrate (CN). "The prices are going to go higher as Russia also has a limited supply," said Sanket Pawar of Aries Agro , a manufacturer of micronutrients. As Russia has a limited supply of MAP, companies are also exploring imports from Morocco. While Israel also has some of these chemicals, companies are avoiding it because of the West Asia conflict, industry insiders said. Specialty fertilisers are used to increase the yields of fruits, vegetables and other remunerative crops. Chandra of Transworld Furtichem said India is going to face tough times ahead as these products also help with productivity of horticulture plants that earn import revenue for the country. China has been restricting exports of key raw materials such as rare earth magnets-where it controls about 90% of global production and supplies-in apparent retaliation for US tariffs and other curbs. It has particularly targeted critical exports to India amid worsening diplomatic relations in recent years while India has restricted Chinese companies' access to domestic markets and has made government approval mandatory for investment by countries that share a land border with India.
Time of India
26-05-2025
- Business
- Time of India
HC asks CG govt to file reply on plea seeking implementation of EWS quota
Raipur: The Chhattisgarh High Court directed the state govt to file a reply within four weeks to a petition seeking the implementation of the Economically Weaker Sections (EWS) reservation in govt services in the state. The petitioner was asked to submit a rejoinder within two weeks thereafter. Petitioner Pushparaj Singh and others filed a writ petition through counsel Yogesh Chandra, stating that while other states implemented a 10 per cent reservation for the EWS general category in public employment, Chhattisgarh is yet to do so, despite the Chhattisgarh Public Service Ordinance, 2019, already being in effect. Justice Amitesh Kishore Prasad's single bench heard the matter. The court was informed that Articles 15 and 16 of the Constitution of India were amended on 12 Jan 2019, empowering states to provide a 10 per cent reservation to the EWS category. The Union of India implemented this 10 per cent EWS reservation on 19 Jan 2019. Subsequently, Section 4 of the ordinance and Public Service Amendment Ordinance issued by the Chhattisgarh govt on 4 Sept 2019 proposed a 10 per cent reservation for the economically weaker sections. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo The petitioners also submitted a representation in this regard on 29 April 2024. During the hearing, the counsel argued that based on the constitutional amendment, which empowers state govts to provide EWS reservation, it was implemented in other Indian states, including Madhya Pradesh and Rajasthan. Individuals belonging to the EWS category are entitled to a maximum of 10 per cent reservation in public employment as per the constitutional amendment. After arguments, the High Court directed the state govt to file its reply within four weeks, following which the petitioner will have two weeks to submit a rejoinder. The next hearing will be scheduled after this. The petitioners' counsel Yogesh Chandra informed a media outlet that the HC ordered the state govt to file its response by 28 March 2025, and four weeks have since passed. The state govt is yet to file its reply, the counsel said.
Time of India
26-05-2025
- Politics
- Time of India
Chhattisgarh HC seeks govt reply on plea for 10% EWS quota implementation
Chhattisgarh HC RAIPUR: The Chhattisgarh HC has directed the state government to file a reply within four weeks to a petition seeking implementation of the Economically Weaker Sections (EWS) reservation in government services. The petitioner has been asked to submit a rejoinder within two weeks thereafter. Petitioner Pushparaj Singh filed a writ petition through counsel Yogesh Chandra, stating that while other states have implemented 10% reservation for the EWS general category in public employment, Chhattisgarh is yet to do so, despite the Chhattisgarh Public Service Ordinance, 2019, already being in effect. Justice Amitesh Kishore Prasad's single bench heard the matter. The court was informed that Articles 15 and 16 of the Constitution of India were amended on 12 January 2019, empowering states to provide 10% reservation to the EWS category. The Union of India implemented this 10% EWS reservation on 19 January 2019. Subsequently, Section 4 of the ordinance and Public Service Amendment Ordinance issued by the Chhattisgarh government on 4 September 2019, proposed 10% reservation for the economically weaker sections. The petitioners had also submitted a representation in this regard on 29 April 2024. During the hearing, the counsel argued that based on the constitutional amendment, which empowers state governments to provide EWS reservation, it has been implemented in other Indian states, including Madhya Pradesh and Rajasthan. Individuals belonging to the EWS category are entitled to a maximum of 10% reservation in public employment as per the constitutional amendment. After arguments, the High Court directed the state government to file its reply within four weeks, following which the petitioner will have two weeks to submit a rejoinder. The next hearing will be scheduled after this. Meanwhile, petitioners' counsel Yogesh Chandra informed a media outlet that the High Court had ordered the state government to file its response by 28 March 2025, and four weeks have since passed. The state government is yet to file its reply, the counsel said.
