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Reform Package of the Fertilizer Sector

Budget - Dated:- 26-2-2016 - The Economic Survey 2015-16 presented here today in the Parliament by the Union Finance Minister Shri Arun Jaitley emphasizes that the Government budgeted ₹ 73,000 crore- about 0.5 per cent of GDP- on fertilizer sub .....

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r, and together create an environment that leads to a series of adverse outcomes. Firstly, urea is only subsidized for agricultural uses. Subsidies like this violate what we call the One Product- One Price principle. Black market effects are aggravat .....

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aining inefficient domestic production instead of going to the small farmer. A reform package would address each of the problems identified above- the three leakages and skewed mix of fertilizer use- with the primary aim of benefiting the small farme .....

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uations are making it much more difficult for governments to forecast agriculture conditions and centrally manage supply. Second, bringing urea under the Nutrient Based Subsidy program currently in place for DAP (Diammonium Phosphate) and MOP (Muriat .....

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zer manufactures to be efficient, as they could then earn greater profits by reducing costs and improving urea quality. And this in turn would benefit farmer. Economic Survey 2015-16 states that the case for implementing direct transfers in fertilize .....

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er used to curtail leakages and improve targeting of fertililzer subsidies. Fertilizer is a good sector to pursue JAM (Jan Dhan, Aadhaar, Mobile) because of a key similarity with the successful LPG experience: the centre controls the fertilizer suppl .....

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ith cap on number of bags A preferred option would be to set a cap on the number of subsidized bags each household can purchase and require biometric authentication at the point of sale (POS). Requiring biometric authentication would make it harder t .....

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