Will resolve Deepak Fert gas supply issue soon: Govt to SC

The government on Friday clarified before the apex court that it is undertaking policy initiatives to resolve the issue along the lines of gas pooling in a case pertaining to stalled supply of gas to Deepak Fertilisers, reports CNBC-TV18's Ashmit Kumar. The Supreme Court has given the government four weeks to formulate policy and resolve the issue. The case pertains to government suspending gas supply to Deepak Fetilisers's Maharashtra facility over the composition of its fertilisers which are sold at the market rates. The government had argued that since the products are sold at market rates, there's no need for subsidised gas and stalled the supply. The Delhi High Court had ruled in favour of Deepak Fertilisers in gas supply case prompting the government to move the Supreme Court.Watch video for more.