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Cabinet approves Rs 21,274 crore nutrient-based subsidy

The Union Cabinet on Wednesday approved Rs 21,274 crore nutrient-based subsidy for P&K fertiliser for 2016-17.

 

Government explores deregulating urea, scrapping import duty: Report

Fertiliser subsidy costs quadrupled over the past decade as the previous government kept urea prices below the cost of production.

Govt okays Rs 14,500 crore for fertiliser subsidy

The loan together with government interest amounting to Rs 169.33 crore has been repaid from budget estimates for 2014-15, within the sanctioned budget under the Vote on Account, the statement added.

Fertiliser subsidy paid in Apr-Jul period dips 41%

Fertiliser subsidy paid to the companies during the April-July period of the current fiscal declined by around 41 percent to about Rs 21,300 crore.

Gas price hike to set off farm or food subsidy dilemma

India's plan to double gas prices from April threatens to hit government efforts to cut its fiscal deficit, as higher production costs for the country`s most widely used fertiliser force authorities to raise either farm or food subsidies.

Fertiliser Ministry receives Rs 9,000 cr as SBA to clear subsidy bill

The Fertiliser Ministry has received an additional Rs 9,000 crore from the Ministry of Finance to clear the pending subsidy bills for the current financial year.

Fin Min grants Rs 10,000 cr under SBA as to Fertilizer Ministry

The Finance Ministry has granted Rs 10,000 crore under a special banking arrangement (SBA) as sought by the Department of Fertilizer to help the industry tide over the liquidity crunch.

LS adopts Supplementary Budget (General) for 2013-14

Lok Sabha on Thursday gave its approval to the government for Rs 18,594.27 crore additional spending in the current financial year to meet expenditure, mainly towards petroleum and fertiliser subsidies.

Fin Min approves Rs 5,500 cr as SBA to pay fertiliser subsidy

Finance ministry has agreed for Rs 5,500 crore against Rs 12,000 crore sought by the Department of Fertilisers under a special banking arrangement (SBA) to pay part of the subsidy bill to the industry which is facing a liquidity crunch.

Imported urea cost come down by around 20% in QI of 2013-14

India has imported urea at around 20 percent cheaper price in the first quarter of this fiscal as compared with the average cost for last financial year.

Govt fertiliser subsidy may fall short this fiscal: Report

The budget provision for the fertiliser subsidy in 2013-14 is maintained at last year's level of Rs 66,000 crore.

EGoM on gas on May 7; power tariff to rise by only marginally

An Empowered Group of Ministers (EGoM) will meet on May 7 to consider nearly doubling the price of domestic natural gas, a move that is expected to result in just a 2.6 percent hike in electricity tariff and a 13 percent rise in fertiliser subsidy.

Fertiliser subsidy payment of Rs 31,580 cr may remain outstanding

Fertiliser subsidy payment worth Rs 31,580 crore is likely to remain outstanding to the nutrient manufacturers this fiscal, Parliament was informed on Thursday.

Rationalise fertiliser subsidy to improve fiscal health: IMF

The IMF in its annual report also welcomed government's move towards direct cash transfer of subsidies using the Unique Identification Authority of India (UIDAI).

Govt hikes retail price of urea by Rs 50/tonne

Aiming to shift towards direct transfer of fertiliser subsidy to farmers, the government Wednesday hiked retail price of urea marginally by Rs 50 to Rs 5,360 per tonne for incentivising retailers to provide receipt of fertilisers stock received by them for sale.

Govt modifies fertiliser subsidy payment method

Fertiliser companies would now get final subsidy reimbursement from the government on the basis of receipts produced by retailers of actual sale.

Kelkar panel recommends phased elimination of subsidies; Govt rejects

The Committee headed by former Finance Secretary Vijay Kelkar has also suggested a slew of bold measures to cut the subsidy bill, which did not find favour with the government.

Unrest in Libya, Syria impacted fertiliser subsidy bill: FM

The unrest in Libya and Syria has more than doubled the fertiliser subsidy bill from Rs 40,000 crore to Rs 90,000 crore, Finance Minister Pranab Mukherjee said Sunday.

Govt approves subsidy cut on P&K fertiliser subsidy for FY'13

The government on Thursday decided to bring down the quantum of subsidy on decontrolled fertilisers -- phosphatic (P) and potassic (K) -- for the 2012-13 fiscal.