Minister of State for Road Transport and Highways, Shipping and Chemicals and Fertilisers Mansukh L Mandaviya said in a written reply in the Lok Sabha that the move followed amendments to the Legal Metrology (Packaged Commodities) Rules, 2011.
Global retailers find the practice restrictive and the government is looking at aligning itself with international practices to attract investment.
"Charging above MRP is violation of the law. But we still see at airports, multiplex and hotels, that packaged water is sold at more than the MRP. This needs to be stopped," Paswan said here.
The decision to reduce the MRP of non-urea fertilisers comes against the backdrop of a sharp decline in the nutrient based subsidy rates announced for FY17 by the government of India in March 2016, it said.
The government has fixed the maximum retail price (MRP) of urea at Rs 5,360 per tonne and the difference between the cost of production and the MRP is reimbursed to the manufacturers. In case of uera, the subsidy constitutes more than 75 percent of the cost of production.
"It has come to FDA's notice that demand for cardiac stents has increased considerably and also the fact that cardiac stents are being exorbitantly priced," FDA Commissioner Harshadeep Kamble said here on Tuesday.
The Union Cabinet today approved a new urea policy that aims to make the country self-sufficient in production in the next four years and ensure timely supply of the soil nutrient to farmers. India produces about 22 million tonnes (MT) of urea annually.
The government has no mechanism to check whether maximum retail price (MRP) fixed by companies for phosphastic and potassium fertilisers in the country is reasonable or not, Parliament was informed.
The Cabinet Committee on Economic Affairs (CCEA) today deferred a decision on new urea investment policy as Fertiliser Minister M K Azhagiri was not present in the meeting.