P&K fertiliser subsidy stays unchanged

The Cabinet Committee on Economic Affairs (CCEA) decided to keep the subsidy on phosphatic and potassic (P&K) fertiliser unchanged for the second half of this financial year.

That subsidy on nitrogen is fixed at Rs 15.85 a kg, at Rs 13.24 a kg for phosphorus, Rs 15.47 a kg for potash and Rs 2.04 a kg for sulphur. “It has also been decided to ensure any fall in international prices should be reflected by the fertiliser companies, with subsequent reduction in maximum retail price,” went an official statement.
 
The government has allocated Rs 70,000 crore for total fertiliser subsidy in 2016-17, of which Rs 19,000 crore is for price-decontrolled P&K.

Other cabinet decisions

• Approval to the first two phases of a Metro rail for Pune, covering 31 km. Total cost will be Rs 11,420 crore

• Approval to the components of Rs 6,000 crore package for the textiles sector, announced in June last year
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•  Approval for Rs 1,009-crore Election Commission proposal to buy new electronic voting machines
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• Expansion of mandate for Delhi Mumbai Industrial Corridor Project Implementation Fund