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MAJOR POLICY INITIATIVES AND DECISIONS
(BULLET POINTS)
DEPARTMENT OF FERTILISERS
In the light of the Government’s National Common Minimum Programme (NCMP), the issue regarding the feasibility of revival of the closed Fertilizer-producing Public Sector Undertakings (PSUs) prepared by Projects and Development India Limited.
Urea, a controlled fertilizer and decontrolled phosphatic and potassic fertilizers made available to farmers of the country including poor and marginal farmers at subsidized selling prices.
A budgetary provision of Rs.16253.90 crore made for subsidy on fertilizers during 2005-06.
Government borne additional burden of subsidy to the tune of approximately Rs.3,000/- crore during 2004-05 as compared to the budgetary allocation for this period, keeping its commitment to give highest priority to Agriculture.
A Working Group constituted to review the effectiveness of Stage-I and II of New Pricing Scheme (NPS) for urea units and to formulate a policy for urea units for Stage – III commencing from 1.4.2006.
Policy announced for setting up new urea projects and expansion of existing urea projects for augmenting the domestic production capacity of urea.
Government formulated a policy for conversion of existing naphtha/FO/LSHS based urea units to natural gas/LNG as feedstock.
The sale of Urea (205.49 lakh MT), DAP (60.77 lakh MT) and MOP (23.10 lakh MT) registered an increase of about 5 per cent, 10 per cent and 40 per cent respectively during the year 2004-05 as compared to the sales of 2003-04 Urea (195.8 lakh MT), DAP (55.2 lakh MT) and MOP (16.47 lakh MT).
All the major fertilizers made available to the farmers in the country at the same prices as prevailed during 2002-03 despite hike in the overall prices.
BSC/SB/LG
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