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Gas price hike to set off farm or food subsidy dilemma

Last Updated: Friday, March 21, 2014, 10:51

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

Last Updated: Thursday, January 16, 2014, 16:27

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

Last Updated: Tuesday, December 17, 2013, 19:24

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

Last Updated: Thursday, December 12, 2013, 16:49

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

Last Updated: Thursday, September 26, 2013, 14:44

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

Last Updated: Thursday, July 25, 2013, 15:10

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

Last Updated: Wednesday, July 17, 2013, 20:25

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

Last Updated: Tuesday, April 30, 2013, 12:56

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

Last Updated: Thursday, March 21, 2013, 20:53

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

Last Updated: Sunday, February 17, 2013, 12:57

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).

Fert Min to borrow from banks to pay for fertiliser subsidy

Last Updated: Sunday, December 30, 2012, 17:50

With the fertiliser subsidy bill likely to shoot to Rs 1,04,000 crore this fiscal, the ministry has sent a proposal to Finance Ministry seeking a "special banking arrangement" to draw loan of Rs 25,000 crore from banks for subsidy payments.

Govt hikes retail price of urea by Rs 50/tonne

Last Updated: Thursday, October 11, 2012, 20:01

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.