Nutrient Based Subsidy

Lamenting that a distorted policy has led to stagnation of investment in the fertiliser sector and increase in imports, the economic report card for 2013-14 said on Wednesday, government and farmers are together wasting funds of about more than Rs 8,500 crore on urea.

Planning Commission today said it is in favour of nutrient based subsidy (NBS) on fertilisers and there should be a balance between different kinds of crop nutrients to maintain soil health.

Tamil Nadu Chief Minister J.Jayalalithaa has shot off yet another letter to the Prime Minister. In her latest communication, the AIADMK Chief has flagged concerns of farmers in the State over the "introduction of the Nutrient Based Subsidy Scheme (NBS) by the Government of India from the 1st April, 2010, coupled with an unreliable supply of fertili...

The Union cabinet today approved a hike in bench mark prices for phosphatic and potassic fertilizers for 2011-12. The budgetary provision for phosphatic and potassic fertiliser for 2011-12 is at Rs 33,500 crore. The Government has hiked the fertilizer subsidy for DAP (di-ammonium phosphate) to $612 per tonne from $580 per tonne. The MoP (mu...

The government on Friday said direct tax collection has surpassed the budget estimate of Rs 3.70 lakh crore for the 2010 fiscal.

Ajay Singh, director of SpiceJet, says a 10 per cent service tax imposed on domestic air travel in the Budget would mean an increase in air ticket prices by about Rs 350-400 given that the average economy fair is between Rs 3500-4000.

Lamenting that a distorted policy has led to stagnation of investment in the fertiliser sector and increase in imports, the economic report card for 2013-14 said on Wednesday, government and farmers are together wasting funds of about more than Rs 8,500 crore on urea.

Planning Commission today said it is in favour of nutrient based subsidy (NBS) on fertilisers and there should be a balance between different kinds of crop nutrients to maintain soil health.

Tamil Nadu Chief Minister J.Jayalalithaa has shot off yet another letter to the Prime Minister. In her latest communication, the AIADMK Chief has flagged concerns of farmers in the State over the "introduction of the Nutrient Based Subsidy Scheme (NBS) by the Government of India from the 1st April, 2010, coupled with an unreliable supply of fertili...

The Union cabinet today approved a hike in bench mark prices for phosphatic and potassic fertilizers for 2011-12. The budgetary provision for phosphatic and potassic fertiliser for 2011-12 is at Rs 33,500 crore. The Government has hiked the fertilizer subsidy for DAP (di-ammonium phosphate) to $612 per tonne from $580 per tonne. The MoP (mu...

The government on Friday said direct tax collection has surpassed the budget estimate of Rs 3.70 lakh crore for the 2010 fiscal.

Ajay Singh, director of SpiceJet, says a 10 per cent service tax imposed on domestic air travel in the Budget would mean an increase in air ticket prices by about Rs 350-400 given that the average economy fair is between Rs 3500-4000.