Fertilizer Subsidy
Nutrient Based Subsidy rates for P&K fertilizers
The central government announced that the Nutrient Based Subsidy (NBS) rates for phosphatic and potassic (P&K) fertilizers for this year’s Kharif season which is from April to September 2022 will be increased to Rs 60,939 crore, as against Rs 57,150 ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs - 2024
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 ..
Month: Current Affairs - May, 2021
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 ..
Month: Current Affairs - May, 2021
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) ..
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 ..
Month: Current Affairs - March, 2020
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 ..