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 Fertilisersí Movement and supply online

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

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(PSPís) in each district to which it is marketing fertilisers. The details of such identified PSPís have already been entered into the FMS. Receipt and sales of fertilizers in each district will be monitored through these PSPís.

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 yearís 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

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





Other Headlines:

Indian Startup Bluemeric launches goPaddle - a container based SDLC 3.0 platform
Mantri Developers Pvt. Ltd. receives highest ever online bid for Mantri Espana on Snapdeal
Middle East Real Estate Market Revenues Have Augmented At A CAGR Of 4.7% During 2009-2014
The Payment Industry In India Ranks Fifth Amongst The Asian Countries With Revenues Expected To Grow At 17.0% CAGR
Africa Accounted For Nearly 70% Of The World's Active Mobile Money Customers In 2013
GrabOn looks set to revolutionize coupon industry dynamics with the cutting edge Buzz Me feature
India's Urban Development Minister M. Venkaiah Naidu addresses Business Leaders in US
Dimension Data Completes Big Data Analytics And Digital Delivery Platform For Tour De France
Gartner cuts the 2015 IT spend to 2.5% in Constant Currency from 3.1% earlier: Angel Broking
Pension & Retirement Benefits Summit 2015: Experts Indentify Mandatory Pension Reforms
Banks to lend RS. 1,86,620 crores to Maharashtra State this year
ENRG Launches Speaker LED Bulbs, EMIT
Digital Media Distribution Leader Whacked Out opens office in Singapore
Home care market grows rapidly in Jaipur with better service providers & increasing demand
Red Hat Launches Mobile Application Platform
DB Schenker in India wins CII Supply Chain And Logistics Excellence Award- SCALE Award 2014
Nexans Wins Cabling Vendor of the Year at Network Middle East Innovation Awards 2015
Proyog launches world's first true yoga wear 'Proyog'
POPxo.com, now reaches 2.2 million loyal and engaged readers per month
Konica Minolta makes its presence felt at PRINTEXPO 2015
ManageEngine Positions for Mobile-Only Enterprise with Mobile Device Manager Plus
New Research Reveals 'Data Deficit' Making the Job of CFO More Challenging and Profitability More Elusive
Transcend Delivers an Optimal Gaming Experience with SSD370S & SSD340K Solid State Drives and aXeRam Memory Modules
NDDB inks MoU with DD Kisan Channel
Barracuda Begins Roll Out of SaaS Cloud-to-Cloud Backup Starting with Support for Microsoft Office 365 Environments
Remote IT Network Monitoring And Automated Management Save 75% In Trouble Shooting And 32% In Repair Time
India's Largest Conference for Women in Technology, Now Accepting Submissions for Technical and Professional Sessions
Nexans Organises Successful 'Certified System Partner' Training Program in Qatar
P.D. Hinduja Hospital & MRC once again bestowed with India's Best Multi Specialty Hospital award at India Healthcare Awards 2014
GROHE introduces Eurocube faucet with professional spray
Top Selling Hatchback Cars in 2015 - Survey Report
ISSDA welcomes Anti-Dumping Duty imposed on imports of stainless steel Hot rolled flat products
HelpMeDoc - Total Healthcare Service Provider in talks to raise Series A funding
The Internet Of Things Set To Increase The Urgency With Which Organisations Need To Adopt IPv6
Views of Geofin Comtrade Ltd on approval of interest-free loans for cash-strapped sugar mills
UBM India launches Personal Care India Expo 2015
Sophos acquires Reflexion Networks Inc.
Angel Broking Group appoints Mr. Santanu Syam as Chief Operating Officer
On ease of doing business in India for giving exemptions to Private Companies
National Conference on GST & Indirect Taxes organized by ICAI
USIBC Hosts Executive Committee Briefing for U.S. Ambassador to India, Richard Verma
Transcend Ties Up with Snapdeal to Launch All New Aluminium SSD370
INTUIT Micro Gears Up For Growth With eHosting DataFort's Data Centre Services
EXIM Bank extends two Lines of Credit Of USD 34.50 Million and USD 109.942 Million to The Government of the Democratic Republic of Congo
Sophos Cloud Integrates Application Whitelisting and Anti-Malware to put Advanced Server Protection Within Reach of Over-stretched IT Teams
Frontier Mediville and Dr.K.M Cherian Heart foundation in collaboration with University of Minnesota - Minneapolis, United States
Hindustan Powerprojects achieves COD of unit-I of its Anuppur thermal power plant
Emerson acquires Ameya Transmissions
Intel and the Department of Science and Technology call for entries for the 'Innovate for Digital India' Challenge
SLCM conferred CII Scale Awards 2015 for Exemplary Position in Supply Chain & Logistics - Agri Warehousing


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

disclaimer copyright © 2005 - 2014