Fertilizer Subsidy Current Affairs, GK & News
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, ..
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 ..
Category: India Nation & States Current Affairs
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 ..
The Cabinet Committee on Economic Affairs (CCEA) has approved continuation of Urea Subsidy Scheme from 2017 upto 2020 and implementation of Direct Benefit Transfer (DBT) for disbursement of fertilizer subsidy. The proposal in these regards was forwarded by Department of Fertilizers, Ministry of Chemicals and Fertilizers. Key Facts The continuation of the urea subsidy scheme ..
The Cabinet Committee on Economic Affairs (CCEA) approved implementation of Special Banking Arrangement (SBA) for Rs. 10,000 crore for payment of outstanding claims on account of fertilizer subsidy in year 2016-17. CCEA chaired by Prime Minster Narendra Modi also approved that in future, Department of Fertilizers will avail SBA with concurrence of Department of Expenditure, ..