April 28, 2011 8:04 PM

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Govt raises subsidy on DAP, MoP; CCEA approves proposal for intensified Malaria Control project in NE

The government on Thursday hiked subsidy on two important fertilisers –Di-Ammonium Phosphate (DAP) and Muriate of Potash (MoP)– to prevent a rise in their domestic prices following a surge in global rates. The additional burden of subsidy is estimated to be about 10,000 crore for the current financial year after the government raised the benchmark price level for fixing subsidy for these nutrients.The Cabinet accorded approval to the proposals . The budgetary provision for phosphatic and potassic fertilisers for the 2011-12 fiscal is 33,500 crore rupees.This would enable farmers to buy fertilisers at subsidised rates at the maximum retail price. Similarly Cabinet Committee on Economic Affairs approved the proposal for an intensified Malaria Control project for seven North Eastern states to control the disease . The project will be carried out under the National Vector Borne Disease Control Program with the support from Global Funds for Aids at an estimated to cost over 417 crore rupees. In another decision the CCEA cleared the Project for cleaning of River Ganga to be implemented by the National Ganga River Basin Authority, NGRBA. The project is estimated to cost of 7000 crore rupees. . The share of the Centre will be 5100 crore rupees and that of the State Governments of Uttarakhand, Uttar Pradesh, Bihar, Jharkhand and West Bengal will be 1900 crore rupees. In yet another decision it approved the revised cost estimate of over 2288 crore rupees for the National Automotive Testing and Research and Development Infrastructure Project. The CCEA also gave its nod for revised cost estimates of about 480 crore rupees with a foreign exchange component of over eight billion US dollars for setting up National Institute of Food Technology entrepreneurship and Management at Kundli, Haryana.

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