INSUBCONTINENT EXCLUSIVE:
Government has increased the subsidised price of fertilisers to help farmers in distressAmid rising global prices of raw materials of
burden on farmers, the Government has increased their subsidy rates under the nutrient based subsidy (NBS) scheme for the current financial
year.The estimated additional subsidy burden for such an arrangement will be around Rs 14,775 crore, official sources said.The Union Cabinet
on Wednesday approved the proposal of the Ministry of Chemicals and Fertilisers in this regard.A statement issued by the Cabinet Committee
on Economic Affairs said, "in the recent past, the international prices of raw materials of DAP and other P-K fertilizers have increased
Despite this sharp increase, DAP prices in India were initially not increased by the companies however, some companies increased the DAP
price in the beginning of this financial year
Government is fully sensitive to the concerns of farmers also and is already taking steps to tackle the situation so that farming community
rates under the NBS scheme as a special package for farmers, has been done in a manner so that the maximum retail price of fertilisers can
be kept at last year's level till the present Kharif season, official sources said."This has been done as one-time measure as part of
Covid-19 package to reduce the hardships of farmers
subsidy rates at that point of time," the statement added further.
