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Standing Committee on Chemicals and Fertilizers
August 20 , 2023
337 days
315
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- The Standing Committee of Parliament on Chemicals and Fertilizers, is headed by senior Congress leader Shashi Tharoor.
- Its reports have called for ending the import dependency on fertilizers such as urea, diammonium phosphate (DAP), muriate of potash (MOP), nitrogen, phosphorus, and potassium (NPK).
- The production of these fertilizers up to November, 2022 was 281.83 lakh metric tonnes but the consumption was 401.46 LMT.
- The committee noted that GST for fertilizers is at 5% and GST on raw materials like sulphuric acid and ammonia are at 18%.
- The panel sought the review of a nutrient-based subsidy (NBS) that covers fertilizers like P&K fertilizers.
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