Policy for Import of Fertilizers
Import of urea in the country is restricted and permitted through three State Trading Enterprises i.e. MMTC Limited, State Trading Corporation of India Limited and Indian Potash Limited. Import of all other fertilisers is free and importers are importing these fertilizers under Open General License (OGL) as per their requirements. The P&K fertilisers like DAP, various grades of complex fertilisers and SSP… Read More
Tags: Fertilizer, Gujarat, Madras Fertilizers Limited, National Fertilizers, National Fertilizers Limited, Saudi Arabia, SSP, Tata Chemicals
Fixation of Nutrient Based Subsidy (NBS) Rates
The Cabinet today accorded approval to the proposals of the Department of Fertilizers for fixation of NBS rates for the year 2013-14. These rates will be applicable from 1st April 2013. The Department of Fertilizers is implementing Nutrient Based Subsidy Policy for the P&K fertilizers w.e.f. 1.4.2010. As per this Policy, the Government of India… Read More
Tags: Fertilizer, Government, Government of India, NBS, Price, Subsidy, Tonne, Urea
Fertilizer JVs with Foreign Countries
At the behest of the Government, Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Krishak Bharati Cooperative Limited (KRIBHCO) have collaborated with Oman Oil Company to set-up a Joint Venture entity namely ˜Oman India Fertilizer Company™(OMIFCO) for production of urea and ammonia. Under this arrangement, OMIFCO is supplying its urea to the Government of India at… Read More
Tags: Ammonia, Fertilizer, Government, India, Indian Farmers Fertiliser Cooperative Limited, Krishak Bharati Cooperative Limited, Oman, Urea
Proposal to Reduce Subsidy on Fertilizers
The subsidy rates of Phosphatic and Potassic (P&K) fertilizers under Nutrient Based Subsidy Policy being implementedw.e.f. 1.4.2010, are fixed on annual basis taking into consideration all factors including international and domestic prices of these fertilizers, inventory level and exchange rate. Since the present international prices of P&K fertilizers are comparatively less as compared to those in last year, the subsidy rates for… Read More
Tags: Ammonium Phosphate, Business, Chemicals, Fertilizer, Government, NPK rating, Potash, Urea
Additional Subsidy on Chemical Fertilizers
The Government continues to provide Urea to the farmers at a fixed price of Rs 5360 PMT, which is much below its delivered cost. The difference in the normated delivered cost and Maximum Retail Price (MRP) is paid as subsidy by the Government. As regards Phosphatic and Potassic (P&K) fertilizers, the Government is implementing Nutrient… Read More
Tags: Chemicals, Fertilizer, Government, Lok Sabha, Minister of State, Price, Subsidy, Urea