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As On 22-Jan-2018
SENSEX
35,798.01
286.43 (0.81%)
NIFTY
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71.50 (0.66%)
EQUITY
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  • DBT in fertiliser subsidy announced on pilot basis

    Budget announced to introduce direct benefit transfer (DBT) of fertiliser subsidy to farmers on pilot basis in few districts of the country. The country's annual subsidy is about Rs 73,000 crore, a majority of which is paid to the manufacturers of controlled.

    "We have already introduced a direct benefit transfer (DBT) in LPG. Based on this successful experience, we proposed to introduce DBT on pilot basis for fertiliser in few districts in the country with a view to improving quality of service delivery to the farmers," Finance Minister Arun Jaitley said in his Budget speech for 2016-17. Calling for sweeping reforms in the fertiliser sector, the Economic Survey had also pitched for the DBT of fertiliser subsidy to the farmers. The Department of Fertilisers (DoF) is working on a road-map to capture the details of farmers so that the sales data can be captured and subsidy can be transferred into the accounts of the farmers directly, according to a Parliamentary Standing Committee report. In last year's Budget, the government had allocated about Rs 73,000 crore for the fertiliser subsidy in the current fiscal. Out of the Rs 73,000 crore, Rs 38,200 crore has been allocated for domestic urea and Rs 12,300 crore for imported urea, respectively. The remaining Rs 22,468.56 crore has been earmarked for the sale of decontrolled phosphoric and potassic fertilisers.

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Flash News 22-Jan-2018
  •  ( 15:45) Market logs strong gains   
  •  ( 14:56) Jubilant FoodWorks hits all-time high  
  •  ( 14:23) Axis Bank Q3 PAT up 25.34% at Rs 726.44 crore  
  •  ( 14:05) GNFC Q3 PAT up 241.29% at Rs 227.88 crore  
  •  ( 11:39) Godawari Power posts cons. PAT of Rs 74.40 crore in Q3  
  •  ( 11:01) Apollo Micro Systems sees strong debut  
  •  ( 10:57) J Kumar Infraprojects receives contract from DMRC  
  •  ( 10:57) L&T launches 2nd patrol vessel for Indian coast guard  
  •  ( 10:56) Confidence Petro starts LPG stations in TN, Maharashtra  
  •  ( 10:48) Hindustan Oil Exploration Q3 PAT up 207.9% at Rs 12.87 crore  
  •  ( 08:50) S&P upgrades Greek debt for first time in two years  
  •  ( 08:00) ONGC acquires Govt's 51.11% stake in HPCL  
  •  ( 07:56) Wipro cons. Q3 PAT down 11.85% at Rs 1930.10 crore QoQ  
  •  ( 07:55) RIL cons. Q3 PAT up 25.5% at Rs 9445 crore  
Show News
22 January 2018 15:44
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