Govt approves 1 per cent hike in fertiliser products
- IPL spot-fixing: Chennai Super Kings owner's kin under police scanner
- BJP tears into UPA govt on 4th anniversary, says it lacks leadership
- Jessica Lal murder: Actor Shayan Munshi, ballistic expert Manocha to face perjury trial
- India seeks access from US to 26/11 terror convicts Headley, Rana
- BSE Sensex falls 49 pts, Larsen & Toubro Limited shares hit by Q4 data
The Cabinet committee on Economic Affairs (CCEA) on Thursday approved a hike of 1 per cent in the price of all fertiliser products as additional retailer's margin and laced the decision with a procedural change to ensure the industry gets the subsidy amount only on actual sales to retailers.
The acknowledgement of the receipt from the retailers will be tracked on the ICT enabled mobile Fertiliser Monitoring System and the Fertiliser Monitoring System, according to a statement.
This, sources said, would lead to direct cash transfer of fertiliser subsidy to farmers in due course.
The CCEA has not considered a proposal, pending for long, for 10 per cent increase in urea price, as a first step before its eventual decontrol.
- Fixing probe now reaches Bollywood, son of Dara Singh held
- BCCI cashes Pune Warriors guarantee, 'disgusted' Sahara walks out of IPL
- Sreesanth spent Rs 1.95L on clothes, bought friend BlackBerry, paid in cash: Police
- Delhi firm with MoD as client is linked to Pak cyberattacks
- After Infosys, iGATE sacks Phaneesh Murthy for sexual misconduct
- 2 weeks after harassment, Haryana schoolgirls return, cops in tow