Centre mulling new SSP policy; to be effective July 1

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 10:14 PM IST

The government is mulling over a new policy for single super phosphate fertiliser, which will be effective from the beginning of this month.

"Since the (previous) policy has ended on June 30, this year, the government is considering a new policy for super phosphate fertiliser with effect from July 1, 2009," Minister of State for Fertilisers Srikant Kumar Jena told Lok Sabha today in a written reply.

A Fertiliser Ministry official had earlier said even though the SSP policy expired on June-end, it could "always be imposed with retrospective effect".

Concession for the SSP was earlier provided on the basis of input prices of rock phosphate/sulphur and the MRP of the fertiliser was fixed uniformly at Rs 3,400 per tonne across the country.

Separately, Jena said his ministry has not received any specific request to provide subsidy directly to farmers.

"There has been no specific request to grant subsidy on fertilisers directly to farmers. However, there has been proposals from stakeholders, including the industry, to review the current fertiliser subsidy regime and look at various alternatives, including direct subsidy to farmers," he said.

Moreover, no decision has yet been taken on the issue of providing subsidy on nutrients of fertilisers, proposed in the Budget 2009-10, the minister added.

At present, fertiliser subsidy is granted on the MRP of fertilisers and not on any nutrients.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 16 2009 | 5:48 PM IST

Next Story