Combined market capitalisation of 10 fertiliser companies up 10% in Nov, against 12% rise in Sensex
After the Garib Kalyan Yojana was extended by five months from July To November, an additional subsidy of Rs 76,000 crore had to be borne by the govt
Birla's sale of fertiliser arm comes within two years of Tata's exit from sector
These could include direct cash transfer, encouraging rational use of fertilisers
Centre allocates extra Rs 65,000 crore for FY21, over the BE of Rs 71,309 crore
If the government accepts this recommendation, the ongoing practice of transferring subsidy to fertiliser-producing companies will be discontinued
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While total requirement in the current fiscal is pegged at around Rs 128,000 crore, the 2020-21 Budget provided Rs 71,309 crore towards fertiliser subsidy
Fertiliser subsidy down, food subsidy up
Farmers do not favour direct cash transfer
The government's approach towards fertilisers and soil health seems rather paradoxical
A decision in this regard was taken at the meeting of Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi
Fuel, food and fertiliser remain key focus areas
A rise in fertiliser prices overseas and a fall in the rupee currency made imported fertilisers more expensive, lifting the total subsidy requirement for the year to Rs 1 trillion, sources said
The backlog of pendency will be cleared from the balance funds available during the current fiscal and the remaining dues will be paid on receipt of additional budget
Minister of State for Fertilisers Rao Inderjit Singh said the government is releasing subsidy to fertiliser companies on a regular basis subject to the availability of budget
The government will also not raise the minimum retail price (MRP) of urea to protect farmers interest, he said
So far in FY18, production of urea has been lower compared with last year
Govt making available urea and 21 grades of phosphate and potassium fertilisers to farmers at subsidised prices
We intend to cover the entire country by January 2018: Govt official