NUTRIENT BASED SUBSIDY

Demand in the fertiliser sector remained robust in FY24, led by higher availability of funds with farmers due to various policy measures, and the stable farm gate prices. Moreover, the sector over the past two-three years has seen supplementary budg...

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.

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 fertil...

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.

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 Depar...

Domestic sales of complex fertilisers in India are expected to grow by 4-5% in fiscal year 2025, driven by a normal monsoon and stable retail prices, according to a report by CRISIL. The growth rate for these fertilizers was 7-8% in fiscal year 2024...

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 fo...

The government has allocated nearly Rs 1.71 lakh crore as fertilizer subsidies until January in the current fiscal year, aiming to ensure affordable prices and adequate availability of fertilizers for farmers. Minister of State for Chemicals and Fer...

The Finance Ministry has allocated Rs 1.64 lakh crore for fertiliser subsidy in the upcoming financial year, which is 13% lower than the revised estimate for FY24. The Union Budget for FY24 had allotted around Rs 1.75 lakh crore towards fertiliser s...

Food subsidy is provided to meet the difference between the economic cost of foodgrains procured by the government and their sales realisation at the PDS rate called central issue price (CIP) under the National Food Security Act (NFSA) and other wel...

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. Unreaso...

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.

The Fertiliser Association of India (FAI) pointed out a recent rise in global Di-ammonium phosphate (DAP) prices, suggesting a need for increased government subsidies or retail prices if the elevated international rates persist. Presently, fertilise...

The Union cabinet has approved nutrient-based fertiliser subsidy rates for the rabi season 2023-24, with an outlay of ₹22,303 crore. This move aims to ensure that farmers can access soil nutrients at reasonable rates despite high global prices. The ...

The Union Cabinet has approved the Nutrient Based Subsidy (NBS) rates for NPK fertiliser for the Rabi season. The subsidy is expected to cost Rs 22,303 crore. The Cabinet also approved the inclusion of the Jamrani Dam Multipurpose Project under the ...

"The issue to further reduce GST on fertilisers was placed before the GST council in its 45th and 47th meetings held in September 2021 and June 2022, respectively. The GST council, however, did not recommend any change in the rates of fertilisers or...

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."

Rating agency ICRA on Thursday said that the profitability for phosphatic fertiliser players will improve at the current nutrient-based subsidy (NBS) rates, given the decline in input prices.

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 affo...