In an interview with CNBC-TV18, Satish Chander, Director General, Fertilizer Association of India shared his expectations from the Budget 2018.
In an interview with CNBC-TV18, Satish Chander, Director General, Fertilizer Association of India shared his expectations from the Budget 2018.
Direct benefit transfer (DBT) is already under implementation and from February 1, we will go Pan India, he said.
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In fertiliser sector, the DBT means a change in the system of payment to the industry. Now the subsidy will become payable when the farmer buys his fertiliser through the point of sale (POS) machine, so it is only a change in the procedure of payment of subsidy to the industry. So the system of payment and system - it is very challenging for us, he added.
To improve the productivity of the farmer, the big thing which needs to be done is to decontrol the fertiliser sector, said Chander.
For full interview, watch accompanying video...India Union Budget 2018: What does Finance Minister Arun Jaitley have up his sleeve? Click here for live Budget 2018 news, views and analyses.
