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With reference to the Nutrient Based Subsidy Rates, consider the following statements:
1. Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of the Department of Fertilizers for fixation of Nutrient Based Subsidy Rates for Phosphatic and Potassic fertilisers (P&K) for the year 2021-22.
2. The CCEA also approved the inclusion of Potash derived from Molasses under the Nutrient Based Subsidy Scheme.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to the Nutrient Based Subsidy Rates, consider the follo...
Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of the Department of Fertilizers for fixation of Nutrient Based Subsidy Rates for Phosphatic and Potassic fertilisers (P&K) for the year 2021-22.
  • The approved rate for Nutrient Based Subsidy (NBS) in case of Nitrogen has been fixed at 18.789 rupees per kilogram, for Phosphorus it is 45.323 rupees per Kg, for Potash 10.116 rupees per Kg and 2.374 rupees per Kilogram for Sulphur.
  • The total amount of rollover will be 28,602 crore rupees and a special one-time package of additional subsidy on Di-Ammonium Phosphate (DAP) at a tentative cost of 5,716 crore rupees has also been provided. The net subsidy required for the rabi season for 2021-22 will be 28,655 crore rupees after deducting savings.
  • The CCEA also approved the inclusion of Potash derived from Molasses under the Nutrient Based Subsidy Scheme.
  • It will give 438 rupees per bag benefit on Di-Ammonium Phosphate (DAP) and 100 rupees per bag benefit on NPK grades so as to maintain prices of these fertilizers affordable to the farmers.
  • Hence both statements are correct.
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With reference to the Nutrient Based Subsidy Rates, consider the following statements:1. Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of the Department of Fertilizers for fixation of Nutrient Based Subsidy Rates for Phosphatic and Potassic fertilisers (P&K) for the year 2021-22.2. The CCEA also approved the inclusion of Potash derived from Molasses under the Nutrient Based Subsidy Scheme.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Nutrient Based Subsidy Rates, consider the following statements:1. Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of the Department of Fertilizers for fixation of Nutrient Based Subsidy Rates for Phosphatic and Potassic fertilisers (P&K) for the year 2021-22.2. The CCEA also approved the inclusion of Potash derived from Molasses under the Nutrient Based Subsidy Scheme.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Nutrient Based Subsidy Rates, consider the following statements:1. Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of the Department of Fertilizers for fixation of Nutrient Based Subsidy Rates for Phosphatic and Potassic fertilisers (P&K) for the year 2021-22.2. The CCEA also approved the inclusion of Potash derived from Molasses under the Nutrient Based Subsidy Scheme.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Nutrient Based Subsidy Rates, consider the following statements:1. Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of the Department of Fertilizers for fixation of Nutrient Based Subsidy Rates for Phosphatic and Potassic fertilisers (P&K) for the year 2021-22.2. The CCEA also approved the inclusion of Potash derived from Molasses under the Nutrient Based Subsidy Scheme.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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