Import of urea in the current year up to February (during the ongoing Ukraine war) is more than double as compared to the previous year. Out of total fertiliser import of 34.19 lakh tonnes, about 6.26 lakh tonnes of urea was imported till February of the ongoing 2022-23 financial year, Minister of State for Fertilisers Bhagwanth Khuba said in his written reply to the Lok Sabha.

The government will soon conduct a review of PLI schemes, sources told CNBC-TV18 on March 17. They said the government wants to review the eligibility criteria under a few of the PLI schemes to see if the terms are constraining investments.

Big US banks such as JPMorgan Chase & Co, Citigroup, and Bank of America Corp slid by between 1.7 percent and just over 5 percent.

The world’s largest asset manager has warned that there will be more seizures and shutdowns coming in the US financial system.