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:

Tata Docomo Wins IDC Insights Award
DB Schenker and Maersk Line sign partnership agreement 20% less CO2 per ocean container by 2020
ZEE Jaipur Literature Festival attracts international footprint to Jaipur
M3M India accelerates land acquisition from Sahara Group with an advance fund of Rs 300 crore
State Investment Summits Vie for Investor Trust
Most Innovative launch of Snapchat for Viviana Mall, by White Rivers Digital
InvestCare launches 'A Tryst with Money' by Samar Vijay
Konica Minolta partners with ACP Distributors
State Secy John Kerry & Under Secy Novelli meet USIBC delegates at Vibrant Gujarat in India
Hyundai Motor India unveils premium coffee table book "Living the Royal Life"
Tata Docomo launches exciting consumer offer
SAMIL signs an MOU with CLAAS Agricultural Machinery Private Limited
IL&FS Infra Asset Management Ltd. scales up IDF Platform with commitment of Rs. 5.50 billion in its second set of Schemes
Synechron Acquires Team Trade to Strengthen IT Services and Business Consulting Expertise
Mantri Developers wins CII-ITC Sustainability Awards third time in a row
Emaar MGF receives Occupancy Certificate for Palm Square
Synthetic fibre producers demand abolishing of excise duty on Man Made fibres
FICCI's National Committee on Infrastructure for change in Service Tax Collection regime
Sunshine Kitchen Appliances Launches Online Store On BuildaBazaar Platform
ForexTime launches browser-based trading application FXTMWebTrader
India Health & Wellness Summit 2014 opens a new platform of deliberation for health industry
Agri Debt Waivers Destroy Credit Culture - India Ratings
Emaar MGF receives Industry Honour for Outstanding Contribution in Green Building Project
Future Generali India Life Insurance launches the Future Generali Assured Income Plan
Mantri Developers launches exclusive website to enhance customer relation
FICCI Infra committee for online IT refund & charge Service tax on the lines of TDS
Pharmaceutical Industry Expects to create 45000 more jobs in India in 2015
Smart Cities, Digital India and Make In India to be the focus of One Globe 2015 knowledge conference
EPFO moves to Accrual Accounting
Finesse and MetricStream Form Strategic Partnership to Address GRC Requirements of GCC Organizations
Top 10 Peaks in Twitter Conversation among Indians in 2014
Groupon India participates in the Great Online Shopping Festival
Interface Receives Top Environmental Accolade
Yahoo India announces its 2014 Year in Review - India search findings
Meta Byte Technologies Teams Up with MetricStream to Strengthen Customers' Risk, Compliance, and Quality Management Programs
12th National Pharmaceutical Conclave to be held from Dec 12-13 2014 at Hotel Eros, New Delhi
Gigstart receives seed funding in excess of $ 200,000
Authentication Solution Providers' Association inducts 4 new members
All India Gems & Jewellery Trade Federation welcomes Govt's move to abolish 80:20 Rule; seeks duty cut to curb smuggling
Premium Beauty Brand Za now available on Nykaa.com
Schneider Electric India highlights importance of ICT for Smart Cities, citing an independent survey
Mobile Commerce: The Key to Impulse Shoppers
Mahindra Comviva Wins Top Honor at the Prestigious Meffys Awards 2014
Tata Docomo launches set of two unusual TVCs
OLX Survey says Re-gifting on rise, one-fifth of all unwanted gifts are passed on
WOODLAND launches series of products with innovative technology
Delta Faucet introduces new Araô bath collection
Geojit Comtrade is now Geofin Comtrade
www.SMEcorner.com - India's 1st online financing platform for SME sector launched
ENRG introduces exclusive SPEAKER LED BULB in India


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

disclaimer copyright © 2005 - 2014