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As On 17-Nov-2017
SENSEX
33,342.80
235.98 (0.71%)
NIFTY
10,283.60
68.85 (0.67%)
EQUITY
    No Companies Visited

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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 17-Nov-2017
  •  ( 16:14) Sensex rises 235.98 points or 0.71% to settle at 33,342.80  
  •  ( 15:46) Market closes with impressive gains  
  •  ( 14:34) Sunshield Chemicals wins order from Elantas GmbH  
  •  ( 13:53) Axis Bank keeps MCLRs unchanged from 18 Nov  
  •  ( 11:42) Cabinet hikes carpet area of houses for subsidy scheme  
  •  ( 11:28) HDFC Standard attracts modest premium on debut  
  •  ( 10:51) Gati's cons. Q2 PAT jumps 179.17% to Rs 20.77 crore  
  •  ( 10:41) HDFC Standard lists a Rs 311 on BSE  
  •  ( 10:13) Cipla receives USFDA nod for generic Pulmicort Respules  
  •  ( 09:46) Bank of Baroda to consider Rs 6000 cr fund raising plan  
  •  ( 09:27) RBI allows hike in FPI limit in Petronet to 40% from 30%  
  •  ( 08:51) Moody's changes India's govt bond outlook to stable  
  •  ( 08:50) Moody's upgrades India's govt bond rating to Baa2 from Baa3  
  •  ( 08:20) GST: Cabinet nod for national anti-profiteering authority  
  •  ( 07:55) US stocks advance on Thursday  
Show News
17 November 2017 00:00
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