Tuesday 25 July 2017



US President Donald Trump made an announcement regarding nomination of Michael Dourson as the head of chemical and the pesticides office of the Environmental Protection Agency. Dourson has deep rooted links with the chemical business and he will be regulating the industry if he is confirmed as the head. He is a certified toxicologist who is well experienced in risk assessment and is a professor at the University Of Cincinnati College of medicine in the department of Risk science. Before joining the university, he worked in Toxicology Excellence for Risk Assessment (TERA) which was founded by him in 1995. Before 1995, Dourson held positions in EPA and he is a well-known name in the community of toxicology. He has also functioned in several toxicology journal boards and US government panels and has worked in numerous positions in the Society of Toxicology, Toxicology Education Foundation, and Society for Risk analysis and American Board of Toxicology.
The nomination of Dourson which however awaits confirmation was highly praised by American Chemistry Council, which is a trade group and they are influencing the Senate to confirm Dourson as the head. Nomination of Dourson has been announced during a crucial phase when EPA is implementing its Act of Toxic Substances Control. According to ACC, Dourson’s knowledge, leadership and experience will further intensify the process of assessment and integration of science in decision making.
However, several environmental groups are worried about Dourson being nominated due to his deep ties in the Chemical Industry and Tobacco Company. As claimed by Richard Denison, senior scientist of Environmental Defense fund, Dourson has been accepting work with major funding from chemical industries which is damaging public health protection with chemicals. He said that Dourson and TERA have carried out functions expansively for Texas Department of environmental quality to emasculate air pollution regulations by EPA. As per Denison, ACC also sent funds to Dourson while he was at TERA to build a web portal on chemical safety for children.
Michael Dourson is considered to be an alarming nominee by President Trump as he is the founder of a group which is helping industries to undercut chemical regulations by getting funds from chemical industries. TERA is taking funds from ACC to create misleading websites for kids and has been providing witnesses for Chemical Industries in courts to help these industries. Dourson has also worked in the tobacco industry to undermine the risks and TERA got funds from the tobacco industry to analyze and downplay the effects of indirect smoke. Dourson is also said to have given approval to perchlorate in drinking water by undercutting the regulations on rocket fuel chemical. In 2014 chemical spill in Elk River, TERA kept the health effects from spill hidden and let the people consume contaminated water. Dourson is thus considered to be scariest nominee who cares least about common people and more about his personal funds.
Trump’s decision of nominating Michael Dourson as head of chemicals office of the Environmental Protection Agency is not considered appropriate by many people, but the decision lies in the hands of the senate so all we can do is wait and watch.


Olympus Chemical & Fertilizers is professional impurity manufacturer and supplier of all Impurities Standards and there products. We provide you with wide variety of products of impurities.



Tuesday 11 July 2017


On June 30, 2017, the scenario of India had been changed. Everyone was just sitting in front of their television set to keep the track on GST. When the Goods and Service Tax (GST) was announced by PM Narendra Modi and President Pranab Mukherjee, there was a positive change in the chemical and fertilizer sectors.

India is ready to buckle up for a significant transformation in the infrastructure. GST is regarded as the ideal persuasive tax reform in India. This is the most significant step taken by the Government of India.

What do you mean by GST?

GST is designed to become a hardheaded alteration in the tax, which aimed to simplify the difficulty of the existing tax system. This in turn results in lowering down the production cost of goods and services. GST is defined as a tax that is accountable for input credit tax liability. The liability can be charged and assessed at each step of the transaction.
The buyer can easily sell the chemical after the first transaction. According to the existing tax system, the rate has to be added to the tax paid by customer. Whereas, in GST the second buyer can easily claims the input tax as a credit to the resale transaction tax.

Role of farmers

In our country, because of the farmers we are able to eat enough. They add up to the benefit of INR 1261 crores as per GST regime. According to the new law, the MRP will reduce to INR 5909/Ton when compared to existing laws.

Before GST

Food items like rice, sugar, wheat, salt. Flour and wheat are totally exempted from CENVAT. Cereals and grains are also taxed at the rate of 4% under VAT. There are lots of the licensing process and number of indirect taxes applied on agricultural products. There are certain exemptions present from state VAT for food products like eggs, fruits, vegetables and meat
.
How GST has an impact on the agriculture and chemical sector?

The GST is a vital step in order to improve the reliability, timeline and transparency of supply chain mechanism. This is ideal for ensuring the total reduction in wastage and overall cost for the farmers or chemical retailers. Additionally, it also helpful in reducing the price of heavy machinery meant for making agricultural and chemical products.

Thus, the overall application of GST looks positive, especially for agricultural and chemical industry. The tax has shown a tremendous rise in the production cost of vital chemicals, resulting in a price-hike of the end product. The latest introduced GST is trusted to become the unbarred progress of chemical and fertilizers industry.


Because of the increase in the inflation index, there is anticipated rise in the cost of agricultural and chemical products. Due to the GST implementation, there is going to be lots of benefits to farmers and chemical distributions. If we talk about the future, GST emerges out as a promising aspect and serves the industries with long term interest. The long sighted vision of PM Modi has increased the chances of economic growth.