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Commodities India spends 40% of annual fertiliser subsidy in first 3.5 months, signalling higher bill
India has spent Rs 70,709 crore, nearly 40% of the fertiliser subsidy allocated for 2026-27, in the first three-and-a-half months of the fiscal year. The elevated global urea prices of $572/tonne, up 45% year-on-year, are driving the higher subsidy outgo. The government is diversifying import sources and ramping up domestic urea production to manage supply.
Business Centre Extends GSTAT Appeal Deadline to July 31 After Portal Glitches
The Centre has extended the GSTAT appeal deadline to July 31, 2026 due to portal glitches from a surge in filings. Over 30,000 appeals were filed in the last 15 days. Taxpayers are advised to file early to avoid congestion.
Commodities Centre Forms ICAR Committee to Address Andhra Pradesh Totapuri Mango Crisis
Union Agriculture Minister Shivraj Singh Chouhan has directed ICAR to form a high-level expert committee to study the challenges faced by Totapuri mango growers in Andhra Pradesh. The committee will assess the entire value chain from cultivation to exports and recommend long-term support measures. This follows a decline in Totapuri mango prices that has adversely affected farmer incomes.
Technology AI Roadmap Boosts Fisheries Monitoring and Surveillance
The Central Government has introduced an AI-driven roadmap to enhance fisheries monitoring, aiming to curb illegal fishing and improve seafood quality. This initiative involves AI, satellite communication, and digital traceability systems.