Registration of P&K fertiliser-importing firms cancelled
The Fertiliser Ministry has cancelled the registration of 31 phosphorous and potassium (P&K) fertiliser-importing companies, including Aditya Birla Group firms Hindalco and Indo-Gulf Fertilisers, and PSUs such as MMTC and NFL. The registration has been cancelled as these companies have not imported any P&K fertiliser in the past two years. Any company that imports fertiliser needs to register itself with the Department of Fertilisers to claim subsidy under the nutrient-based subsidy (NBS) scheme. "... it has been decided by the competent authority to cancel the registration of the following P&K fertiliser importers under the NBS scheme with immediate effect..," the Ministry said in a communication to the companies on June 1. M&M, Madhu Fertilisers, Khaitan Chemicals and Fertilisers, Rama Phosphates, are among those whose registration has been scrapped.