While total requirement in the current fiscal is pegged at around Rs 128,000 crore, the 2020-21 Budget provided Rs 71,309 crore towards fertiliser subsidy
That would depend on income generation through efficient, fair and transparent marketing of the farm produce, which the government needs to ensure
The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.
Shops selling fertiliser and seeds are closed, clouding even the prospect of sowing short-duration summer crops
The government is seriously considering options for decontrolling urea by either fixing a nutrient-based subsidy(NBS) rate or making direct payment of subsidy to farmers' account, Fertiliser Minister Sadananda Gowda said on Wednesday. In 2010, the government had launched the NBS programme under which a fixed amount of subsidy, decided on an annual basis, is provided on each grade of subsidised phosphatic and potassic (P&K) fertilizers, except for urea, based on the nutrient content present in them. "As far as change in the urea policy is concerned, we are open to suggestions. It can be NBS for urea or direct subsidy to the farmers account with decontrol of fertilizer sector. These are some of the alternatives which are under discussion," Gowda said while addressing an event organised by the Fertiliser Association of India (FAI) here. He further said that the government is "actively pursuing the issue of revision of fixed cost under urea policy" and added that any change in policy
IFFCO has reduced the maximum retail price of DAP to Rs 1,200 per 50 kg bag from Rs 1,250 a bag
Most farmers prefer the current form of DBT being used just to identify beneficiaries.
The rate cut will be applicable from August 15
Shares gain up to 10% as stagnant urea prices will benefit companies
CCEA has decided to roll over the existing subsidy rates for another six months till the end of the financial year 2016-17
Policy changes are needed, not just advice to farmers