Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Industry News

| More
DoF To Monitor Fertilisers’ Movement and supply online

The Department of Fertilisers has implemented Web based Fertilizer Monitoring System (FMS) which is able to track the dispatch, receipt and sale of fertilisers in each district in the country against the approved plans. Reviewing the position regarding availability of fertilizers in the country and the implementation of recent initiatives for its movement and distribution, here today, the Minister for Chemicals and Fertilisers and Steel, Shri Ram Vilas Paswan observed that availability of Urea, DAP and MOP is being planned and monitored on the basis of detailed districtwise, monthwise and companywise Supply Plans. This will ensure adequate availability of fertilizers against the assessed requirement upto the district level. The Supply Plans prepared by the State Governments concerned in consultation with the lead fertiliser company and other major fertiliser suppliers to the State require each fertiliser company to identify upto 3 Primary Stock Points(PSP’s) in each district to which it is marketing fertilisers. The details of such identified PSP’s have already been entered into the FMS. Receipt and sales of fertilizers in each district will be monitored through these PSP’s.

It has been decided that subsidy will be paid to the fertiliser manufacturers/suppliers with effect from 1.4.2007 only on the basis of actual receipt of fertilisers in the State. The details can be seen at www.urvarak.co.in. In respect of urea, fertilizer companies will be provided actual cost of transportation of fertilizers by way of primary freight upto the primary stock point and by way of secondary freight for movement beyond the primary stock point.

In so far as budgetary provision for subsidy on fertilizers is concerned, the requirement of funds for 2007-08 including the carryover liability of Rs. 8082 crores as estimated by the Department is Rs. 50284.08 crores as against which, the B.E. allocation is Rs.22451 crores. The shortfall in the budgetary provision has been apprised to the Ministry of Finance.

The DoF has also authorized creation of buffer stocks of urea in each of the major agricultural States to be operated by the lead fertilizer company. The buffer stock in respect of urea has been authorized to the extent of 5% of the seasonal demand. For the current season, the authorized buffer to be operated is 6.5 LMT of urea. The DoF also proposes to maintain a buffer in respect of DAP (2 LMT) and MOP (1 LMT) to meet any exigent situations.

The pre-positioning of stocks is being undertaken to obviate any shortages at the local level during the season. It is proposed to pre-position stocks at the level of 75% of the monthly requirement by the Ist of the month and 100% of the requirement by 15th of each month.

The requirement of fertilizers during the current Kharif season as assessed by the DAC is 131.65 LMT of Urea, 40.08 LMT of DAP and 16.52 LMT of MOP as against the assessed requirement during the last Kharif season of 122.37 LMT of Urea, 33.10 LMT of DAP and 14.66 LMT of MOP. This year’s demand represents an increase of 7.5% in respect of Urea, 21% in respect of DAP and 13% in respect of MOP over the corresponding period last year. The availability of fertilizers during the first two months of the season has been satisfactory.

In order to ensure adequate availability of fertilizers during the season, the State Trading agencies have already contracted for 18 LMT of Urea and 12 LMT of DAP and further imports will be undertaken as authorized to meet the seasonal requirement.

In respect of DAP, which is a decontrolled fertilizer, the State Governments have been advised to nominate a State agency/federation which can place orders for the requisite quantity with IPL/MMTC for timely importing the fertilizers. This is in line with the decisions taken in the Conference of State Agriculture Ministers on Fertilizer Sector held on 29th January, 2007.

The DOF is taking all steps for early revival of the 8 closed fertilizer plants of the erstwhile HFCL/FCIL. It has already been decided to take revival 5 of these closed units at Ramagundam, Durgapur, Barauni, Gorakhpur and Talcher through NFL, RCF and KRIBHCO.

Source: Press Information Bureau

Posted On: 2007-06-10 09:35:11

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

BIBA introduces a line of Indian wear with a new fashion brand Rangriti
Myshopbazaar.com Ties up a deal with Franchise India Holdings Limited
ACME to Construct Games Village for XXXV National Games Kerala
Dove proves that Beauty is a State of Mind
Importers and manufacturers of Dietary Supplements and Nutraceuticals take the brunt of the FSSAI Product Approval Scheme
Serco's contract - Abu Dhabi Systems & Information Centre (ADSIC) goes live
Clay Craft India acquires Jaipur Ceramics Pvt Ltd (JCPL)- Acquires 50% of the market share out of a 1000 crore industry
Naukri Hiring Outlook Survey reveals upswing in hiring activity in 2014
Xebia brings you the most awaited event in Delhi NCR : Agile NCR 2014
NAIP and CIFT develop new fishing-boat propellers which can save Rs 320 crore subsidy on diesel
Bharat Health Organization Launches Online Portal for Preventive Healthcare
Need to redefine rules and policies governing MSMEs: Special Commissioner of Industries, Delhi
GoPaisa.com launches "Paise bachao, Khushiyan badhao" campaign
MapR Technologies Expands Big Data Search with Elasticsearch
Plastivision India becomes the first Indian plastics trade fair to be accreditated by UFI
Avantha Power's Korba West Power Project Commissions First Unit of 600MW in Chattisgarh
72nd National Franchise and Retail Show 2014 to be hosted by Franchise India
Industries and Offices in Andhra Pradesh to be powered by Solar Power from Rays Solar Park
Venus Footarts launches Kid's Footwear Summer Collection
TRAI raises tariff ceiling in analogue cable areas - Angel Broking
Nexans Wins 'Structured Cabling Vendor Of The Year 2014' For A Second Year In A Row
Transcend to Showcase Its Apple® compatible Memory and SSD Solutions at MacWorld/iWorld 2014
Flipkart launches Philips personal grooming products for men through an exclusive partnership
Zydex Industries wins Marico Innovation Award 2014
Businessworld India to scale up its Digital Initiative to enrich user experience
Jazzmyride.com is using advanced cloud technology to sell car and bike accessories
Xander Finance appoints Rajeev Radhakrishnan as Chief Financial Officer
Kalyan Jewellers wins the Economic Times Emerging retailer of the year award
Transcend Launches SDXC/SDHC UHS-I Speed Class 3 Cards to Support 4K Video Capture
Incredible Slim Solutions Collaborates with Franchise India
MobiKwik Wallet Goes Live on redBus
Konica Minolta launches all new A4 printer PagePro 1580 MF
Pinterest now Available in Hindi
Manusis Technologies eyes expansion, funding, and foreign foray in the coming year
Tradus.com launches Windows Phone App to offer "local shopping experience" to Windows Phone users
CBRE - Improved investment flows into logistics sector envisaged - India Logistics Market View H2 2013
Epicor Launches Enhanced Signature Methodology and Expands Best-in-Class Software Services to Drive ERP Implementations
Jabong.com hosted Asia's first ever –Google+ Shoppable Hangout, live from the ramp at Lakmé Fashion Week Summer/Resort 2014
Datawind partners with PayUMoney
Transcend Releases DDR3 RDIMM Modules to Maximize Mac Pro Memory up to 128GB
E-Commerce platforms in India burgeoning!
Sandvik Appoints Parag Satpute as New Country Manager for India
T.S. Kalyanaraman of Kalyan Jewellers makes it to the Forbes List of Billionaires 2014
Shiseido Celebrates Official Establishment of Shiseido India Pvt. Ltd.
MapR Technologies Introduces Free Sandbox for Hadoop, giving Developers the Fastest On-Ramp to Hadoop
Jabong.com hosts Asia's first ever – Google+ Shoppable Hangout, live from the ramp at Lakmé Fashion Week Summer/Resort 2014
Influential report identifies Serco as a leader in the overall market segment for multi-channel Customer Management Services
Anup Nair appointed as Director Projects with DB Schenker in India
Naukri Job Speak Index moves up by 3% in February 2014 compated to January 2014
Data Science Technologies To Host Seminar On Big Data Analytics




  

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2014