This report came in Business Line in Agribusiness Column on March 18, 2010 that centre fixes fertilizers subsidies. The price of Nitrogen is at 23.22 Rs./Kg, Phosphorus is at 26.27 Rs./Kg, Potash is at 24.48 Rs./Kg and Sulphur is at 1.78 Rs./Kg. Famers may not have to suffer huge increase in price of non-urea fertilizers following their decontrol with effect from April 1, 2010. Under this scheme the centre will announce subsidies on each nutrient before every fiscal, which will valid for the whole year. The fertilizer subsidies which in the earlier system were fixed on the product will now be calculated on the basis of the percentage of nutrients contained in it. For instance the subsidy on DAP will be calculated on the basis of nitrogen and phosphorus content in 18% and 46%.
In India 42% people living below poverty line in rural India. By applying these subsidies it will increase agricultural productivity and will decrease high food price inflation. For NAREGA this year 40,000 Crore been sanctioned by central government, 66,100 Crore for rural development, and 48,000 Crore for Bhrat Nirman. By these things government in this Union Budget is taking more care of the rural India.
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