Govt hikes urea prices by 10%

Decision part of nutrient-based subsidy policy

PTI | February 19, 2010



The government on Thursday decided to raise the retail price of urea by 10 percent and allowed manufacturers to fix the rates of DAP and MOP fertilisers.

The decisions, a part of new nutrient-based subsidy (NBS) scheme approved by the Cabinet, will be effective from April 1, 2010.

At present, the maximum retail price (MRP) of urea is Rs 483 a quintal, while Diammonium Phosphate (DAP) costs Rs 935 a quintal and Muriate of Potash (MOP) Rs 445.50 a quintal.

Under NBS, subsidy is given to nutrients (nitrogen, phosphorus, potash and sulphur) contained in the fertiliser.

It will also do away with the maximum retail price (MRP).

However, the government will continue to fix the MRP of widely used fertiliser urea.

Comments

 

Other News

CSIR’s new Innovation Complex to foster translational research, industry collaboration

India is home to many small and big industries where research is carried out, yet many innovators are not able to find a platform to bring their ideas into fruition. Despite having a vast network of government laboratories that perform ground breaking research, these innovations struggle to translate into

Deepa Malik and the incredible story of her indomitable spirit

Bring It On: The Incredible Story of My Life By Deepa Malik HarperCollins, 312 pages, Rs 499

RINL gets Rs 11,440 crore revival plan

The Cabinet Committee on Economic Affairs (CCEA), chaired by PM Narendra Modi, has approved the revival plan for RINL for a total of Rs 11,440 crore. The infusion includes ₹10,300 crore as equity capital into Rashtriya Ispat Nigam Ltd. (RINL) and Conversion of ₹1,140 crore working capital loan as 7% No

How SpaDeX Mission revolutionises space exploration

In a historic achievement, the Space Docking Experiment (SpaDeX) mission’s docking operation was successfully completed on Thursday, marking India’s entry into the elite group of nations capable of executing space docking operations. With this success, India becomes the fourth country in the wo

New insights into the Ramayana’s deep cultural resonance

Many Ramayanas, Many Lessons By Anand Neelakantan HarperCollins, 456 pages, Rs 599 The Ramayana, one of the most

Maha Kumbh Mela: A primer on key rituals and practices

The Maha Kumbh Mela, celebrated as the world`s largest spiritual gathering, is a breathtaking convergence of faith, culture, and ancient tradition. Rooted in Hindu mythology, this sacred festival unfolds four times over a course of twelve years, rotating between four revered cities in India: Haridwar, Ujja

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now



Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter