Department of Fertilisers also imported additional quantity of fertilisers amounting to Rs 653 crore, which were not required.
The Department of Fertiliser has proposed setting up of a sovereign wealth fund for the acquisition of mineral assets abroad, reports CNBC-TV18.
The planning commission has put forward their recommendations for the fertiliser policy and more importantly, for the Nutrient-Based Subsidy (NBS) policy. In an interview with CNBC-TV18, Sutanu Behuria, Fertiliser Secretary, talked about how much headway has happened on that front.
Saumitra Chaudhuri, member of PM's Economic Advisory Council said the Cabinet note for nutrient-based subsidies on urea has been prepared.