SME Times is powered by   
Search News
Just in:   • NITI Aayog unveils roadmap on AI to empower 490 million informal workers  • New French PM expected to be appointed within next 48 hours: Lecornu  • Guterres welcomes Gaza deal, sees opportunity for two-state solution   • PM Modi welcomes Israel-Hamas pact on 1st phase of Prez Trump's peace plan  • Leader capable of filling gaps: Colombian envoy on PM Modi 
Last updated: 07 Feb, 2017  

Ananth Kumar 'Rs 10,000 cr in Budget to clear fertiliser subsidy dues'

Ananth Kumar
   Top Stories
» PM Modi meets Keir Starmer in Mumbai for strengthening India-UK ties
» Piyush Goyal, Keir Starmer discuss ways to deepen trade and economic partnership
» PM Modi inaugurates Phase 1 of Navi Mumbai International Airport
» Gold prices hit historic highs globally, Indian rates touch Rs 1.22 lakh on MCX
» Institutional investments in India's real estate hit $4.3 billion in Jan-Sep
SME Times News Bureau | 07 Feb, 2017
Union Minister of Chemicals and Fertilisers Ananth Kumar on Monday said that to reduce the burden of fertiliser subsidy backlogs, a special banking arrangement of Rs 10,000 crore has been approved in the Budget 2017-18.

"To reduce the burden of fertiliser subsidy backlogs, a special banking arrangement of Rs 10,000 crore has been approved in this Budget," the minister told media persons while presenting his views on Budget 2017-18.

The minister said that the overall budget allocation for the fertiliser sector is Rs 74,235 crore.

Fertilisers, along with power, has been the torchbearer of achievement, he added.

"It has been one of the fastest growing sectors in the last quarter," he said.

Ananth Kumar said that the government has taken key measures to make the country self-sufficient in urea and other fertilisers.

The steps include promoting energy efficiency in urea production, maximising indigenous urea production, timely import of urea and other fertilisers, pre-positioning of fertilisers with the states during lean season to ensure adequate supply in the season and rationalising the subsidy.

Such steps have resulted in highest ever production of 245 LMT of urea previous year, without adding additional capacity.

"Indigenous urea as well as imported urea have been neem coated. This has resulted in an increase in farm yield with less urea required and helped check black marketing and hoarding of urea," he added.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹84.00
₹82.25
UK Pound
₹104.65
₹108.10
Euro
₹92.50
₹89.35
Japanese Yen ₹56.10 ₹54.40
As on 25 Jul, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter