Nutrient-based subsidy policy to be win-win for all: RCF

14464 Investors following Rashtriya Chem. Share this News with them.

0

Like this story, share it with millions of investors on M3

Nutrient-based subsidy policy to be win-win for all: RCF

The nutrient-based subsidy (NBS) policy has been announced in the Budget and Budgetary provision has also been made. In an interview with CNBC-TV18, US Jha, CMD, RCF, speaks about the policy and gives his outlook going forward.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Buy RCF, says Gujral Expect 10% appreciation in Chambal Fert, RCF Angel Broking bullish on RCF, Shrenuj ALSO READ See latest News about Rashtriya Chem See previous management interviews See what other Experts & Brokerages are saying about Rashtriya Chem Rashtriya Chem BSE | NSE 17/02/12 Are Mutual Funds betting on Rashtriya Chem?

The nutrient-based subsidy (NBS) policy has been announced in the Budget and Budgetary provision has also been made. Overall, Budgetary provision is about Rs 50,000 crore.

In an interview with CNBC-TV18, US Jha, CMD, RCF , speaks about the policy and gives his outlook going forward.

Here is a verbatim transcript of the exclusive interview with US Jha on CNBC-TV18. Also watch the accompanying video.

Q: What have you made of the subsidy for nutrients that have now been fixed on items like nitrogen, phosphorous, potash?

A: As you know the nutrient-based subsidy (NBS) policy has been announced in the Budget and Budgetary provision has also been made. Overall, Budgetary provision is about Rs 50,000 crore, of which for urea it is Rs 15,000 crore and imported urea is about Rs 5,000 crore. Rest about Rs 29,000 crore is for decontrol fertilser that is phosphatic and potashic fertilsers.

The NBS policy is a win-win situation for the government, for the industry, for the farmers, if properly implemented. It has to start from April 1 and maybe it will take two-three seasons for the policy to stabilize and take a proper shape. But I think it's going to be a good thing.