P&K fertiliser concessions to be plugged into global prices
MOVE TO ENCOURAGE RAISING LONG-TERM OUTPUT, CUT SOP BILL BY Rs 1,164 CR IN A move aimed at encouraging the fertiliser industry to raise its production outlay in the longer term, the government on Thursday announced a concession scheme for decontrolled phosphatic and potassic (P&K) fertilisers. The decision taken by the Cabinet Committee on Economic Affairs (CCEA) will fix concessions to producers with reference to global prices.