TMI BlogEx post facto approval regarding Special Banking Arrangement for payment of outstanding subsidy to fertilizer companies during 2013-14X X X X Extracts X X X X X X X X Extracts X X X X ..... Ex post facto approval regarding Special Banking Arrangement for payment of outstanding subsidy to fertilizer companies during 2013-14 - News and Press Release Dated:- 20-10-2014 - News - The Cabin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... et Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, approved ex post facto the implementation of the Special Banking Arrangement (SBA) for ₹ 14,500 crore for ou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tstanding claims on account of fertilizer subsidy in the year 2013-14. Government is making fertilizers namely Urea and 22 grades of Phosphatic and Potassic (P K) fertilizer available to farmers a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t subsidized prices through fertilizer manufacturers / importers. Subsidy to fertilizer companies is paid from funds allocated under regular budget estimates for each year. In order to meet carried ov ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er subsidy liabilities and help fertilizer companies overcome their liquidity problems, due to delay in payment of subsidy, an SBA had been made during 2013-14 with a consortium of nationalized banks ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to avail loans with the approval of the Ministry of Finance. The loan together with Government interest amounting to ₹ 169.33 crore has been repaid from Budget Estimates for 2014-15, within the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sanctioned budget under the Vote on Account. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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