Fertiliser Subsidy Policies

The government expects to cut its fertiliser subsidy bill by up to 240 billion rupees if the fifth of companies' supplies is bought through bilateral contracts orgasexchange, said one of the government officials,

Government has said that fertiliser subsidy for this fiscal might increase to around Rs 2.5 lakh crore

The government on Tuesday asserted that there will not be any fertiliser shortage in the upcoming kharif sowing season and said it will soon announce the subsidy rate for non-urea soil nutrients for the current fiscal.

Hike in subsidised fertiliser rates has been effected as one-time measure as part of Covid-19 package to reduce the hardships of farmers.

With subsidy arrears touching Rs 30,000 crore, the Fertiliser Association of India (FAI) today demanded timely payment of subsidy to manufacturers as well as simplification of procedures.

The secretary added that policies should be focused on providing greater benefit to farmers and lead to balanced use of fertilisers.

Lamenting that a distorted policy has led to stagnation of investment in the fertiliser sector and increase in imports, the economic report card for 2013-14 said on Wednesday, government and farmers are together wasting funds of about more than Rs 8,500 crore on urea.

Urea is the only fertiliser product that remains under full price control of the government

The government expects to cut its fertiliser subsidy bill by up to 240 billion rupees if the fifth of companies' supplies is bought through bilateral contracts orgasexchange, said one of the government officials,

Government has said that fertiliser subsidy for this fiscal might increase to around Rs 2.5 lakh crore

The government on Tuesday asserted that there will not be any fertiliser shortage in the upcoming kharif sowing season and said it will soon announce the subsidy rate for non-urea soil nutrients for the current fiscal.

Hike in subsidised fertiliser rates has been effected as one-time measure as part of Covid-19 package to reduce the hardships of farmers.

With subsidy arrears touching Rs 30,000 crore, the Fertiliser Association of India (FAI) today demanded timely payment of subsidy to manufacturers as well as simplification of procedures.

The secretary added that policies should be focused on providing greater benefit to farmers and lead to balanced use of fertilisers.

Lamenting that a distorted policy has led to stagnation of investment in the fertiliser sector and increase in imports, the economic report card for 2013-14 said on Wednesday, government and farmers are together wasting funds of about more than Rs 8,500 crore on urea.

Urea is the only fertiliser product that remains under full price control of the government