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As On 19-Aug-2022 EOD, Market Closed
SENSEX
59,646.15
-651.85 (-1.08%)
NIFTY
17,758.45
-198.05 (-1.10%)
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  • Crop care Federation of India Concerned About Rising Agrochemical Imports

    Crop care Federation of India (CCFI) has made a formal representation on pre-budget proposals for the agrochemical industry for the year 2022–23 focusing on the theme Atmanirbha...Crop care Federation of India (CCFI) has made a formal representation on pre-budget proposals for the agrochemical industry for the year 2022–23 focusing on the theme Atmanirbhar Bharat. The Federation has expressed its concern on surging imports from China, Japan, USA and Europe which are killing the Indian manufacturing activities. The concept of differential duty on intermediates, technical formulations, as adopted by various countries should be implemented to safeguard indigenous industry. There has been a 37% growth in imports from Rs 9096 crore in 2019-20 to Rs 12410 crore in 2020-21 in agrochemicals which is a cause of concern both to the industry and the government. Among other reasons sighted is the reduction in cost ranging from 50-80% when manufactured indigenously as compared to imported cost of similar pesticide. Presently, the custom duty on Technical and Formulations is 10% which is a disincentive for any indigenous manufacturer who has huge investment and deployment of labour.



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Flash News 19-Aug-2022
  •  ( 14:43) Realty stocks edge lower  
  •  ( 14:43) Barometers trade with deep cuts  
  •  ( 10:52) ICRA upgrades credit rating of Greenpanel Industries  
  •  ( 09:23) Wipro bags multi year contract from HM Treasury  
  •  ( 08:48) Asian stocks trading mixed  
  •  ( 08:01) Metropolis Healthcare relieves CEO Vijender Singh  
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19 August 2022 00:00
3482.30
(-1.51 %)
758.90
(-0.79 %)
7301.20
(-2.53 %)
16292.85
(-3.08 %)
732.35
(-0.12 %)
4199.95
(-0.61 %)
2466.55
(-1.23 %)
969.45
(-0.45 %)
1493.45
(-1.19 %)
2634.05
(-1.75 %)
870.35
(-1.66 %)
1062.85
(-3.82 %)
1597.40
(0.93 %)
312.20
(-1.03 %)
1877.35
(-1.40 %)
1935.85
(2.20 %)
1239.15
(-1.75 %)
8777.50
(-1.81 %)
19438.00
(-0.66 %)
157.70
(-1.90 %)
228.05
(-1.36 %)
2613.60
(-1.77 %)
520.40
(-2.25 %)
900.30
(-1.69 %)
110.00
(-2.27 %)
3385.25
(0.12 %)
1103.60
(-0.15 %)
2439.65
(-1.55 %)
6644.85
(-0.86 %)
432.80
(-0.51 %)
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