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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 06-Jun-2023
  •  ( 17:15) IKIO Lighting IPO subscribed 1.55 times  
  •  ( 15:55) Barometers end near flat line, Nifty settles around 18,600  
  •  ( 15:17) Pirmal Pharma unit appoints Jeffrey Hampton as president, COO  
  •  ( 14:45) Nifty below 18,600; realty stocks advance  
  •  ( 13:45) Broader market outperform  
  •  ( 13:33) European markets trade mixed  
  •  ( 13:19) Kirloskar Ferrous announces temporary suspension of operations at Koppal plant  
  •  ( 12:36) Nifty slides below 18,550; media shares decline; VIX jumps over 3%  
  •  ( 11:39) L&T arm bags significant orders for its B&F business  
  •  ( 11:36) Nifty below 18,600, auto shares in demand  
  •  ( 11:19) NTPC declares commercial operations of second part of Gandhar Solar PV Project  
  •  ( 10:55) Veranda Learning's subsidiary partners with Talent Academy & Publications  
  •  ( 10:53) Nelco inks pact to acquire stake in Piscis Networks  
  •  ( 10:34) Sensex slides 117 pts, IT stocks under pressure  
  •  ( 10:33) SBI board to mull fund raising on June 9  
  •  ( 10:19) JK Cement inks pact to acquire 100% stake in Toshali Cement  
  •  ( 09:51) Godrej Consumer board approves appointment of Aasif Malbari as CFO  
  •  ( 09:51) Indoco Remedies acquires 85% stake US-based FPP Holding Company  
  •  ( 09:45) IEX total volume rises 8%YoY to 8,251 MU in May  
  •  ( 09:33) Indices trade near flat line, Nifty around 18,600 level  
  •  ( 09:00) RateGain says Cem Air selects AirGain for pricing solution  
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06 June 2023 00:00
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