Fertilizer Subsidy Current Affairs, GK & News

IFFCO to launch Nano Urea

Indian Farmers Fertiliser Cooperative (IFFCO) will launch Nitrogen fertilizer-based Nano Urea in market in June 2021. Highlights A 500-ml Nano Urea is equivalent to 45kg of normal urea. 500 ml urea costs around 240 rupees. Apart from that, it will reduce input cost of farmers by 15% and cultivation will increase the yield by about ..

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GoI increases Fertilizer Subsidy by 140%

On May 19, 2021, the Government of India increased fertilizer subsidies to Rs 1,200 per bag. Earlier, it was Rs 500 per bag. Thus, the subsidies have been increased by 140%. Why the subsidy? The prices of fertilizers in the country are increasing at a faster rate. This is because prices of ammonia, phosphoric acid, ..

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Nutrient Based Subsidy Scheme

The CCEA recently approved the fixing of NBS rates for phosphatic and potassic fertilizers for the period 2020-21. About NBS Scheme Nutrient Based Subsidy Scheme was introduced in 2010 and is applicable to potassic (K based) and phosphatic (P based) fertilizers. It is implemented by the Union Ministry of Chemicals and Fertilizers. Under this program, ..

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Parliamentary Standing Committee: No Sufficient Checks on genuineness of Fertilizer Subsidy

On March 20, 2020, the Parliamentary Standing Committee that was set up under the leadership of the Lok Sabha Member Kanimozhi Karunanidhi submitted its report. The Committee was set up to check whether genuine farmers are getting fertilizer subsidy. Highlights The Report says that until December 2019, 1182.04 lakh metric tonnes of fertilizers have been ..

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SBI Ecowrap Report recommends Unconditional Cash Transfer to Farmers

The SBI Ecowrap report recommends the government to opt for the unconditional cash transfer to farmers to alleviate agrarian distress rather than Universal Basic Income (UBI) scheme. Why does the SBI report recommend unconditional cash transfer? The report has recommended the unconditional cash transfer based on the following reasons: Currently, it is not feasible to ..

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