Mahavira Jayanti today

Today is Mahavira Jayanti. Mahavira Jayanti is Janma Kalyanaka or birth day celebration of Lord Mahavira. Entire Jain community all over the world celebrates this festival with great enthusiasm.

Mahavira Jayanti comes on Chaitra Shukla Trayodashi every year according to Indian Lunar Calendar. This day falls on March 28, Sunday, this year 2010.

Jain community observes this day with offering Puja, processions, enactment, symposium on Lord Mahavira and Jainism. Central Government of India has declared Mahavira Jayanti as a holiday in India.

Mahavira Jayanti is observed as Ahimsa Diwas (Non-violence day) and butcheries are closed in many states. It is also a dry day in many states in India.

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Mahavira Jayanti

Indian Government announced fertilizer policy before budget

Central government of India have announced their new fertilizer policy today on February 18, 2010. Government have allowed fertilizer companies to hike Urea price by 10 percent. Price hike will be effected from April 1, 2010. This is a pre-budget announcement. Budget of central government of India for year 2010-11 will come on February 28,  2010.

Urea price will rise to Rs.5310 from present 4810. Government have also allowed the companies to decide their own prices for nutrient grade fertilizers. This announcement is aiming towards fresh investment in fertilizer industry.

Share prices of some fertilizer companies such as RFC, National fertilizers, Nagarjun fertilizers, Chambal fertilizers have surged today by approximately 2 percent on an average.

However, analysts say hike in price of urea will not benefit the fertilizer companies because Government will reduce subsidy by 10 percent. Government can save 13 billion on subsidy bills. It will neutralize the positive effect on fertilizer companies. Moreover, it will affect the farmers negatively and will fuel to price hike in agricultural products.

Thanks,

Presented by:
Jyoti Kothari

Jyoti Kothari, Proprietor, Vardhaman Gems,   Jaipur represents Centuries Old Tradition of Excellence in Gems and Jewelry. He is also a ISO 9000 professional.