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Modified New Pricing Scheme III
March 29 , 2020
1575 days
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- The Union Cabinet recently gave its nod to remove ambiguities in Modified New Pricing Scheme-III.
- This was done to determine the costs of urea units.
- The Modified NPS scheme-III was launched in 2014.
- The Modified scheme provided incentives to the domestic urea manufacturers, encouraged investment in urea production sector, reduced urea imports.
- It mainly aimed to achieve self-sufficiency in urea production.
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