The government is likely to peg fertiliser subsidy for next financial year at Rs 66,000 crore, lower than the actual outgo in 2011-12. "A moderate increase is likely," said a government official. The actual subsidy bill for the fiscal is likely to come at over Rs 70,000 crore though the government had budgeted for just Rs 49,997 crore in the budget 2011-12. Private analysts had soon after the presentation of the last...
More »SEARCH RESULT
Total Matching Records found : 89
Farmers demand separate budget for eco fertilisers by Trithesh Nandan
“Huge subsidy on chemical fertilisers unmindful, useless” Small and marginal farmers have raised the demand for special allocation for organic farming and ecological fertilisation in the forthcoming budget, which finance minister Pranab Mukherjee will present on March 16. According to them, chemical fertilisers, the subsidy for which is likely to touch Rs 1 lakh crore in 2011-12, are not benefitting the soil and are burdening them with high-cost cultivation instead. “The government...
More »PM panel for diesel price hike
-The Times of India Making a strong pitch for raising diesel prices, Prime Minister's Economic Advisory Council chairman C Rangarajan on Wednesday said there was a need to revise prices to reduce the huge subsidy burden and bring down the fiscal deficit. While releasing the economic review for 2011-12, Rangarajan said it was earlier agreed to deregulate diesel prices but the decision was never implemented. He advocated a phased deregulation of diesel...
More »Decontrol urea prices, raise excise duty: PMEAC
-PTI Amid widening fiscal deficit, Prime Minister's economic advisory panel today suggested aligning diesel prices to global market in a phased manner and also raising excise and service taxes to pre-crisis level of 12%. Releasing the Review of the Economy: 2011-12, Chairman of Prime Minister's Economic Advisory Council (PMEAC) C Rangarajan also pitched for deregulation of urea prices. Expressing concern over high fiscal deficit which is expected to overshoot the target of 4.6%...
More »Fertiliser subsidy to hit Rs 1 lakh crore; ministry to seek more funds by Rituraj Tiwari
The fertiliser ministry may seek more funds from the finance ministry to meet its subsidy obligations as it needs more than the allocated amount to take care of the rising subsidy bill, a top official said. "We have already received 17,700 crore in addition to the budgetary allocation of around 50,000 crore. But we still need more funds, and the amount will be finalised in consultation with the finance ministry," said...
More »
