NBS SCHEME
India to stop importing urea by 2025 end: Mansukh Mandaviya
Asked about achieving self-sufficiency in urea production, Mandaviya said the Modi government has adopted a two-pronged strategy to end dependency on urea imports.
Cabinet clears Rs 24,420 cr subsidy for P&K fertilisers in Kharif season
The union Cabinet approved a subsidy of ₹24,420 crore for phosphatic and potassic fertilisers for the upcoming kharif season, while maintaining the rate for di-ammonium phosphate at ₹1,350 per bag of 50 kg. The Cabinet also approved three new fertiliser grades under the Nutrient-Based Subsidy scheme to reduce import dependence.
Cabinet announces Rs 24,420-crore subsidy on P&K fertilisers for Kharif Season 2024
The Cabinet on Thursday approved Nutrient Based Subsidy rates for Kharif Season 2024 (from 01.04.2024 to 30.09.2024) on Phosphatic and Potassic fertilizers and inclusion of three new fertilizer grades under NBS scheme.
Cabinet allocates Rs 24,420 cr subsidy on phosphatic & potassic fertilisers for Kharif season 2024
The Union Cabinet has approved a subsidy of Rs 24,420 crore on P&K fertilisers for the upcoming kharif season. As per the decision, farmers can continue to purchase DAP at Rs 1,350 per quintal. The Cabinet has also given the green light to the Departme...
Sugar mills can sell potash derived from molasses to fertilizer companies, can claim subsidies
Sugar mills can sell Potash Derived from Molasses (PDM) to fertiliser companies, claim subsidy. PDM has 14.5% potash content. 10-12 LMT potash manufacturing in 3 years. PDM derived from molasses based distilleries. PDM provides additional revenue for sugar mills, ensures timely payment to farmers.
Govt issues guidelines to evaluate reasonableness of non-urea fertiliser prices
For importers of P&K fertilisers, including di-ammonium phosphate (DAP) and Muriate of Potash (MoP), the profit margin allowed is 8 per cent. It has permitted 10 per cent profit for manufacturers and 12 per cent for integrated manufacturers. Unreasonable profit earned by the company will have to be refunded, or else it will be recovered by the ministry or adjusted with the future subsidy payment, as per the guidelines.
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Need for subsidy Or increase in MRP of DAP as global prices rise: FAI
The DAP at Rs 1,350 per bag of 50 kilograms, at present, however, the international prices are elevated to $ 595 per tonne from $ 440 per tonne in July this year.
No proposal to reduce subsidy on fertilisers: Govt
Minister of State for Chemicals and Fertilisers Bhagwanth Khuba, in his written reply to the Lok Sabha, said, "No such study to understand the impact of reducing fertiliser subsidy on farmers has been conducted so far."
India seeks preferential treatment from global fertiliser suppliers; says will not tolerate cartelisation
Addressing a conference organised by the Fertilisers Association of India (FAI), Chemicals and Fertilisers Minister Mansukh Mandaviya said the government has taken various reforms and increased subsidy to ensure farmers get soil nutrients at an affordable price.
No shortage of fertilisers in the country, says Mansukh Mandaviya
Union Chemicals and Fertilisers Minister Mansukh Mandaviya will announce Nutrient Based Policy (NBS) for Phosphatic and Potassic (P&K) fertilisers for the Rabi season (October 2022 to March 2023) shortly.
India to be self-sufficient in urea by 2025 end; output of conventional & nano urea rising: Govt
The minister said around 60 lakh tonnes of production capacity will be added for conventional urea, while the output of nano urea is estimated to rise to 44 crores bottles (of 500 ml each) per annum, which will be equivalent to 200 lakh tonnes of conventional urea.
Adequate urea stocks in country; no need to import till December, says Minister Mansukh Mandaviya
"There is adequate availability of urea in the country. We have urea stocks to meet domestic requirements till December. We do not need to import till December," Mandaviya told reporters.
Govt assures on fertiliser availability during Kharif season; says subsidy may rise to Rs 2.5 lakh cr this fiscal
The Centre further said it will take strict action against hoarding of crop nutrients and asked states to monitor fertiliser movement. It also told states to provide accurate information to farmers for ensuring there is no panic buying.
Fertiliser subsidy touches Rs 85,300 cr in Apr-Dec FY22: Survey
The government's fertiliser subsidy touched Rs 85,300 crore in the first nine months of the ongoing fiscal year, according to the Economic Survey. Domestic fertiliser production reached 28.5 million tonne during April-December period of 2021-22.
Centre to tweak subsidy policy to promote local production of P&K fertiliser
In the meeting, "...it was decided to continue support to the domestic industry for production of P&K fertilisers and propose additional provisions in the present NBS Policy to promote domestic production of P&K fertilisers in the country," an official statement said.
Non-urea fertiliser segment to benefit by govt's decision to keep prices of phosphatic fertilisers unchanged:Crisil
This April, domestic non-urea fertiliser manufacturers undertook price hikes for di-ammonium phosphate (DAP) and other complex fertilisers because of an increase in raw material prices.
Budget 2019: ICRA hopes rationalisation of subsidy under NBS scheme
ICRA also expects a reduction of the import duty on LNG to nil from 2.5% currently, resulting in lowering of the cost of production and the subsidy outgo for the GoI.
Taking steps to implement DBT in fertiliser subsidy: Government
The government said it has started taking necessary steps to implement direct transfer of fertiliser subsidy to farmers in order to reduce leakages.
Budget 2013: Bring urea under nutrient based subsidy scheme, asks FAI
Urea, which represents about 50% of total consumption of fertiliser products in India, needs to be brought immediately under Nutrient Based Subsidy Scheme.
Centre to study nutrient-based subsidy scheme
The Centre is planning to appoint an independent agency to assess the price behaviour of crop nutrients after the introduction of nutrient-based subsidy.
Jayalalithaa wants restoration of MRP based fertiliser subsidy scheme
Slamming the Centre's Nutrient Based Subsidy Scheme vis-a-vis fertilizer pricing and supply, Jayalalithaa urged PM to take necessary measures.
Fortify nutrient-based subsidy
The new way of delivering subsidy, meant to ensure more balanced use of fertilisers, is not working.
Urea under NBS: Cabinet note yet to tbe circulated
Govt's note to CCEA on the key issue of bringing urea the country's most subsidised, cheapest and most used fertilizer under NBS scheme is yet to be circulated to relevant ministries.
Higher fertiliser price for farmers to show up in your food bills
The proposed hike in urea price under NBS could hike prices at the farmgate upto 21.1% overall and directly impact on production, farm groups have warned.
Subsidy under Nutrient Based Subsidy scheme increased
The government on Thursday announced an increase in the subsidy for potash and di-ammonium phosphate (DAP) under the Nutrient Based Subsidy (NBS) scheme.
Centre to hike fertiliser subsidy under NBS once again
The new subsidy levels currently being given finishing touches could up fertiliser subsidy levels high once more for the Centre but it would ensure that key ferts such as DAP and MoP are not in short supply in the coming summer sowing season.
CoS defers decision on NBS for urea
CoS delays decision on subsidy formula to companies on urea inclusion under NBS but expectations of Budget announcement on free pricing and lower subsidy bill from next year likely to buoy up sector.
Inflation in mind, urea price call deferred to Feb
Bringing urea under the NBS regime would also mean encouraging balanced use of fertilizers. At Rs 5,310/tonne, urea is the cheapest available fertiliser, a reason for its overuse.
Fertiliser subsidy cut in the offing as import prices nosedive
The Centre could make changes to the new Nutrient-based Subsidy (NBS) for fertilisers, as part of a concerted move to prune its subsidy bill after global prices of fertiliser nosedived recently.
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