Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | EGoM fixes complex fertiliser prices for FY12

EGoM fixes complex fertiliser prices for FY12

Share this article Share this article
published Published on Feb 16, 2011   modified Modified on Feb 16, 2011
The Empowered Group of Ministers (EGoM) on fertilisers today approved the prices of complex fertilisers for the upcoming financial year 2011-2012.

The EGoM, headed by Finance Minister Pranab Mukherjee, approved the prices of di-ammonium phosphate (DAP), muriate of potash (MOP), sulphur and urea for the purposes of its nitrogen component at $580, $390, $180 and $350 per tonne, respectively. These are the prices at which contracting by the industry would be done for the whole financial year of 2011-12 under the Nutrient Based Subsidy (NBS) policy that was implemented for complex fertilisers from April 1, 2010.

However, the farm gate prices of these complex fertilisers would remain nearly at the same level, said a senior official from the department of fertilisers. In other words, the prices at which the fertilisers would be available to the farmers would remain at the existing level. The official also said the meeting took place in order to apprise the finance minister of the subsidy component required to be paid out in the upcoming financial year.

“The government is likely to increase fertiliser subsidy keeping in view high global prices,” Fertiliser Secretary Sutanu Behuria said today. The government has set up a task force under Unique Identification Authority of India (UIDAI) Chairman Nandan Nilekani to find out a feasible mechanism that would enable direct transfer of subsidy to those farmers, families and individuals that are entitled to kerosene, LPG and fertiliser.

Fertiliser subsidy, as it exists today, is available to all farmers. It is not possible to differentiate the segments for which the subsidy should be given in this sector.

There is a need to evolve a suitable mechanism for direct subsidies to individuals who are entitled to them, the finance ministry had said in a statement.

The Business Standard, 16 February, 2011, http://www.business-standard.com/india/news/egom-fixes-complex-fertiliser-prices-for-fy12/425335/
 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close