The Cabinet Committee on Economic Affairs, CCEA has approved amendment to New Urea Policy, NUP – 2015. The amendment will protect the production beyond Re-Assessed Capacity by the urea units and is expected to boost indigenous urea production in the country. <br/><br/>An official release said, by amendment, ceiling imposed on production beyond Re-Assessed Capacity during the year 2016-17, has been raised to enable all urea units to produce additional production which otherwise were not able to do so due to low Import Parity Price. <br/><br/>To address any future fluctuation in Import Parity Price that would have adverse impact on the production beyond RAC, Department of Fertilizers has been authorized to take appropriate decision in consultation with Department of Expenditure. All stakeholders including farmers, urea manufacturers and the Government will be benefitted from the amendment.<br/><br/>The CCEA also approved grants-in-aid support to the existing network of 12 Agro-Economic Research Centres and three Agro-Economic Research Units for one more year to 2017-18. <br/><br/>The employees of theses centres will be benefited from this decision. It will provide policy oriented Agro Economic Research inputs through field studies and reviewing and monitoring of Flagship programmes of the agriculture and allied sector.It will also lead to better agricultural development policy and programmes which in turn would raise employment potential in both Farm and Non-Farm areas.
News On AIR | March 31, 2017 9:03 PM
New urea policy gets Cabinet approval