The Centre's fertiliser subsidy bill is set to shoot up by an estimated Rs 8000 crore mark with the department of fertilizers (DoF) mooting higher P and K nutrient subsidy to companies. This, after companies clinched phosphoric acid and DAP imports at price levels much higher than the benchmark rates prescribed by the government.
Almost 10,000 tonnes of selected varieties of non-basmati rice may finally be exported after lying in ports for around two months.
The study acquires significance given that the Food Corporation of India, has come under intense criticism of late over the quantity of grain wastage.
That should sound a warning call to the government which is battling rising food prices somewhat lackadaisically thus far.
Centre's upcoming two-day national level meet on summer sown crops is gearing up to coin an aggressive Look East strategy on kharif staple rice.
The industry has endorsed a new urea pricing model being considered by the govt, clearing the decks for a gradual freeing up of the retail price of the most-used fertiliser in the country.
The government is working on a scheme that seeks to offer incentives to domestic organised retailers if they tie up with farmers' co-operatives or agricultural firms to improve back-end operations.
SMC Comtrade has urged the Centre to expeditiously amend the Agriculture Produce Marketing Regulation Act, maintaining that its anamolies were primarily responsible for the recent volatility in farm produce prices.
The price of sugar could shoot up once again, this time on account of the government, with the Finance Bill proposing to omit the commodity from the Schedule of Additional Duties of excise (goods and Special Importance) Act, 1957.
5 of 8 members of the expert panel on ethanol pricing headed by Plan Commission member S Chaudhuri have not signed the final report submitted to the petroleum ministry.
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