किसान आंदोलनः 6 महीने से डटे किसान, क्यों नहीं निकल रहा समाधान?
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View: Give income support, not fertiliser subsidy
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Last Updated: May 21, 2021, 11:25 PM IST
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Synopsis
Fertiliser subsidy is paid to fertiliser companies, which are free to set ‘reasonable’ prices. This must change. With the direct benefit transfer mechanism for fertilisers in place since October 2016, there is no reason why subsidy should be given to manufacturing units.
Rightly, agricultural economist Ashok Gulati has underscored the need to refine these schemes to make them more efficient, inclusive and free from leakages. Efficient fertiliser production would be a by-product.
The government plans to increase the subsidy for di-ammonium phosphate (DAP) fertiliser, in response to a rise in its global prices. Farmers need to be insulated from input price shocks, true, but raising subsidy is a suboptimal solution. The higher subsidy of ₹1,200 per bag of DAP instead of ₹500 will now allow companies retain their price at the old price of ₹1,200 instead
Godrej Agrovet Q4 results: Consolidated profit at Rs 63.4 crore
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Last Updated: May 08, 2021, 11:22 AM IST
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For the year 2020-21, the company s consolidated profit went up to Rs 347.57 crore from Rs 300.58 crore in the previous fiscal.
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Total income for FY21 declined to Rs 6,306.27 crore from Rs 7,010.86 crore in FY20.
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NSE
MUMBAI:
Godrej Agrovet on Friday reported a consolidated profit after tax of Rs 63.4 crore for the quarter ended March. The company s profit for the last quarter of 2019-20 stood at Rs 69.20 crore, Godrej Agrovet said in a BSE filing. Total income of the company dipped to Rs 1,472.39 crore compared to Rs 1,643.62 crore in the corresponding quarter of the previous fiscal.