The government on Wednesday approved a subsidy of Rs 60,939.23 crore for phosphatic and potassic (P&K) fertilisers, including DAP, for the first six months of this fiscal, as part of its efforts to provide soil nutrients to farmers at an affordable price. The Union Cabinet has approved nutrient-based subsidy (NBS) rates for Phosphatic and Potassic … Read more
The Union Cabinet on Wednesday approved a Rs 700 per bag hike in subsidy for DAP fertiliser and the increase will result in an additional cost of Rs 14,775 crore to the exchequer. The hike is part of the government’s effort to ensure that farmers gets the key soil nutrient at old rates despite rise … Read more
NEW DELHI: India has done away with offsets for government to government defence deals, with a senior official saying that the policy has failed to bring critical technology into the country and has resulted in loading extra costs on contracts. The new Defence Acquisition Procedure (DAP), cleared by the defence ministry on Monday, has done … Read more