The central government will not increase the prices of fertilizers.
The central government will not increase the prices of fertilizers. This is news of disappointment for the fertilizer companies. Fertilizer companies had been demanding from the government for a long time to increase its prices. His reasoning behind this was that there has been a sharp increase in the prices of their raw materials.
There was also a demand for increase in MSP, MRP
Fertilizer companies had also told the government that if it does not increase the subsidy. So the government should allow them to increase the MSP, MRP i.e. selling price. But, now the central government has completely rejected this demand of the fertilizer companies. The Fertilizer Minister has clearly told all the companies in the sector that he will neither increase the subsidy. And with this they will not give any permission to increase MSP, MRP also. Mansukh Mandaviya has clearly told the companies that they have to live with the big price they have.
There is a possibility of complicity somewhere on the part of the government in this matter. That’s why the government has also said that they will not even allow collusion here. Let us tell you that in June last year, the government had increased the subsidy on fertilizers, because at that time the prices of raw materials had increased significantly. Even now, the prices of raw materials had increased rapidly, due to which the cost of fertilizer companies had increased significantly. Therefore, there was a demand from the government of the companies to allow them to increase the prices. Or decide to increase the subsidy.
Mansukh Mandaviya clearly told the companies
It was believed that the government would decide to give an additional subsidy of Rs 25,000 crore. But now this very shocking news is coming out. Fertilizer Minister Mansukh Mandaviya has clearly told the companies that neither they will allow them to increase the prices of cosmetic fertilisers. Nor will any decision be taken to increase the subsidy. Along with this, Mandaviya has also told the companies that they will not tolerate any kind of collusion. Minister Mansukh Mandaviya himself has given instructions to the fertilizer companies regarding these things.
This decision of the government is coming at a time when the cost of fertilizer companies is increasing. Along with this there are also problems in supply. At present, there is an increase in the prices of fertilizers in the international market as well. At the same time, there has been a ban on the increase in the prices of fertilizers in India. So it’s a problem in those companies.
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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.