-
The government’s fertiliser subsidy bill is likely to expand significantly in the current fiscal year as well as in 2022-23, in line with a trend that has seen the actual outlays exceed budget estimates
-
With banks flushed with money after demonetisation of Rs 500 and Rs 1,000 notes, Fertiliser Minister Ananth Kumar said the government was looking at providing loans to the industry at a reasonable rate through special banking arrangement.
-
Fertiliser Association of India (FAI) accused foreign suppliers of forming cartel and keeping raw material prices artificially higher to dump the complex fertiliser, including DAP, in the country.
-
India's food subsidy for 2015-16 was estimated at around Rs 1.24 trillion. The government believes food subsidy savings through DBT will be much higher than that for LPG. To put things into perspective, the government hopes to save Rs 15000 crore in LPG subsidy leakages every year
-
Urea is a controlled fertiliser and is sold at a fixed selling price of Rs 5,360 per tonne. The difference between cost of production and selling price is paid as subsidy to manufacturers.
-
Satish Chander - director general - Fertiliser Association of India says this will lead to higher subsidy. “We are not being paid subsidy and out outstanding is more than Rs 40,000 crore,†he told CNBC-TV18. He says the industry will suffer more.
-
Satish Chander, Director General, Fertiliser Association of India, said the industry had been pleading past many years to remove this “artificial limit†and feels the move will definitely help in improving productivity
-
The increase of Rs 350 per tonne will add an extra burden on the urea subsidy to the tune of Rs 900 crore. Already, the subsidy of Rs 32,000 was rolled over and there was no money with the government to pay the industry even on account bill after April and May (2013).
-
A high powered ministerial panel will meet on July 17 to consider abolishing priority ranking in natural gas allocation. This shall be done so that the fuel currently consumed by urea plants can be shared with fuel-starved power plants.
-
After effectively halving its subsidy on fertilisers for 2013-14 in the budget, India will have to allow producers to take the politically sensitive step of hiking urea prices to farmers or provide additional funding, industry officials say.
-
The industry body of fertiliser firms, the FAI (Fertiliser Association of India) on Friday said that fertiliser companies have not made any "windfall gains" in subsidy payments by the government and added that the sector was operating on very low margins.
-
The government today announced up to 33% cut in the subsidy rates of decontrolled fertilisers such as DAP and MOP for 2012-13, a decision which will help the exchequer save about Rs 10,000 crore without hurting farmers.
-
Ahead of the Empowered Group of Minister (EGoM) meeting on considering revision in the existing gas allocation policy, the Fertiliser Association of India (FAI) has expressed concerns on the same.
-
There has been a lot of talk that urea prices will probably go up substantially. However, Satish Chander, director general of Fertiliser Association of India doesn’t expect hike in urea prices until UP elections.
-
Satish Chander, Director General of Fertiliser Association of India said the change in the urea policy is on the right direction and it is going to be positive for the country.
-
In a bid to boost supply of the key farm nutrient, the government is likely to remove the restriction on fertiliser firms that they can hike the maximum retail price of Di-ammonium phosphate (DAP) only by up to Rs 600 a tonne.
-
In an interview with CNBC-TV18, Satish Chander, Director General, FAI said the policy on urea is on track. He further said, the main work was to be done by the committee of secretaries. “The report has been given to the government. We hope if not by the end of June by middle of July or so, the new policy should be in place,” he added.
-
Satish Chander of Fertiliser Association of India, in interview with CNBC-TV18’s Mitali Mukherjee and Udayan Mukherjee, shared his view on this DAP price hike and what would be its impact on the major fertiliser stocks.
-
Satish Chander director general of Fertiliser Association of India (FAI) says that the industry is confident of a positive outcome from the Group of Ministers (GoM) level on the urea policy. “We are absolutely positive on the outcome and the work which has been done by the CoS, GoM. I am sure the government is going to approve it,” he feels.
