UPA-II's plans to replace the existing fertiliser subsidy regime with direct cash transfers to farmers will be delayed as the fertiliser ministry is likely to scrap an intermediate phase where the subsidy was to be rerouted from companies to retailers this summer. This puts paid to the fertilizer industry's expectation that very soon it would be out of the subsidy mechanism which locks up precious working capital. "We are rethinking the original...
More »SEARCH RESULT
Total Matching Records found : 40
Govt seeks to link urea prices to cost of fuel by Aman Malik
In a move that could hurt millions of farmers, the government plans to increase the price of urea and link it to the price of gas in an attempt to reduce its burgeoning fertilizer subsidy bill. Urea is the only fertilizer that has a maximum retail price (MRP) still controlled by the government, which deregulated those of all others in April 2010. Urea sells in the market at Rs.5,310 per tonne,...
More »Dr Abhijit Sen, Member-Planning Commission of India, interviewed by Ajay Vir Jakhar and Paranjoy Guha Thakurta
Dr Abhijit Sen is Member, Planning Commission of India. He is a Ph.D. in Economics from the University of Cambridge (currently on leave as Professor of Economics at the Jawaharlal Nehru University) and has also taught at the Universities of Sussex, Oxford and Cambridge. Besides serving various think tanks in the states and at the centre, Dr Sen has been a consultant with UNDP, ILO, FAO and various other multilateral...
More »Centre dares to talk of 40% hike in urea price amid polls by Deepshikha Sikarwar
The government plans to raise prices of urea, the most widely consumed fertiliser in the country, by a steep 40%. The move, necessitated by the government's mounting subsidy burden, is a test of its political courage as it comes just ahead of elections in five states. Farmers in India use about 28 million tonne of urea annually, of which 6-8 million tonne is imported. The uptrend in prices of imported urea...
More »Jairam Ramesh okays mining proposals on fringes of Hasdeo-Arand forest
-The Economic Times Environment minister Jairam Ramesh has approved two mining proposals - one by Iifco and the other by the Rajasthan Rajya Vidyut Utpadan Nigam - on the fringes of the Hasdeo-Arand forest region in Chhattisgarh. Ramesh set aside the recommendation of the statutory body of the environment ministry, the Forest Advisory Committee , to reject the proposals. With Thursday's order, coal mining will be allowed in Tara, Parsa...
More »
