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Budget 2018
Last Updated : Jan 31, 2018 11:22 AM IST | Source: CNBC-TV18

Budget 2018: Need to decontrol the fertiliser sector, says Satish Chander

In an interview with CNBC-TV18, Satish Chander, Director General, Fertilizer Association of India shared his expectations from the Budget 2018.

CNBC TV18 @moneycontrolcom

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.

Click here for full Budget 2018

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.
First Published on Jan 31, 2018 11:11 am
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