Recently pilot projects being initiated to introduce Direct Benefit Transfer (DBT) in fertilizer sector in 16 districts of the countries. In these pilot projects, the subsidy would be given to the fertilizer companies rather than to the beneficiaries as given in DBT in LPG. This subsidy varies with different fertilizers and also from company to company.
What is Direct Benefit Transfer-DBT? DBT scheme was started in 2013 to reform the system of benefit delivery system in a convenient way and without subsequent deductions/manipulations reach directly to the bearers or the one’s it is being appropriated to.
It ensures accurate targeting of the beneficiaries by preventing redundancies and fraud.
Under Planning Commission, a mission was formulated to implement the DBT programmes.
In 2015 Modi government placed it under Cabinet Secretariat under Secretary (Coordination & PG).Now Jan Dhan, Adhaar and Mobile are the three enablers of DBT abbreviated often as JAM.
Fertilizer sector and direct benefits: Central government control over fertilizer sector is high reducing administrative complexity. Also Government already has a real time Fertilizer Monitoring System that monitors the fertilizer supply chains therefore the implementation can be more effective and closely monitored.
Fertilizer sector has high leakages of about 40% that can be highly reduced or prevented to make subsidies efficient and targeted.
Urea imports can be dechannelized allowing more agencies to import urea and giving them more freedom in procurement decision would allow flexibility in adjusting to demand. This will call on for healthy competitions and better satisfaction for value.
Bringing urea under nutrient based subsidy compared to current practice of cost based subsidy can motivate the farmers to go in for eco-friendly sustainable practices.
Government should dig in ways of long term supplies from locations where energy prices are cheap for instance gulf countries.
Universalization of banking via the Jan-Dhan Yojana, efficient targeting via Adhaar, and the increasing spread of smartphones, to extend DBT to fertilizer sector indirectly caters to broader prospect of financial inclusion and thus should be motivated more.
Economic Survey considers it ideal to introduce DBT in fertilizer sector with Direct Benefit Transfer given in cash
Biometrically Authenticated Physical Uptake (BAPU) – certifying identity using Adhaar and physically taking subsidized goods.
Concluding Remark: India is an agrarian economy and therefore fertilizers will always be a crucial sector to focus upon. By focusing more on pricing and segregating the subsidies based on its quality India achieve a sustainable environment too. Therefore such incentives are fruitful in various spheres but with respect to fertilizer subsidy, the fact that the beneficiaries and entitlements are not clearly defined can’t be ignored. Also specifically subsidy in case of Urea is more than double of the price marked on it. Therefore, farmer may be burdened financially to pay for MRP and subsidy upfront to receive the DBT afterwards. Government needs to look into the errors pertaining to its functioning before initiating new programs. Also they should take environment into consideration as promoting the excessive use of Urea and destroys soil health.
Cabinet has approved the doubling of solar park capacity to 40,000 MW. State will identify the solar park developer and also the land on which it would be built. This step is taken in accordance with Indiaï¿½s greenhouse emissions commitment at the global stage as part of INDCs (Intended Nationally Determined Contributions (INDCs)...
Under the Draft Energy Savings Certificates regulations, Central Electricity Regulatory Commission (CERC) has approved the trading of ESCs on power exchanges....
Ratan Watal committee has given its recommendation of forming a new Payment Regulatory Board and various points related to payment regime in India,which is opposed by RBI as it would be a threat to RBI autonomy....
Government has chosen India Infrastructure Finance Co. Ltd (IIFCL) as the lead promoter of a credit enhancement guarantee fund, announced in the 2016-17 Union budget....
The Central Board of Direct Taxes (CBDT) announced signing of four more unilateral Advance Pricing Agreements (APAs) In February, 2017....
India has a large diaspora which is increasing day by day and contrary to it India lacks any evacuation policy in particular to safeguard them.Owing to globalization and increasing instances of threat to Non-residential Indians a well formulated policy is needed which is politically and financially sound. ...
Government of India has sought to adopt SECC data to serve a base for various socio-economic welfare schemes as it is accurate, more valid and target-oriented and will ensure the qualitative approach over binary approach by BPL. It needs to be regularly updated and verified for efficient eradication of poverty and eliminate the redundant beneficiaries....
The basic aim of such saving and investment schemes is to dupe investors fraudulently. Therefore there is a need to resolve both the supply side problems like regulation deficit etc. along with demand side problems like poor awareness, to curb the financial losses to the economy due to these schemes...
Gender Responsive Budgeting (GRB): It refers to the practice of policy formulation (fiscal policy) and resource allocation in such a way that it furthers the gender agenda and benefits both the genders. It can be better referred to as the process of conceiving, planning, approving, executing...
Under the Union Ministry of Coal, Minister of state for power, coal, new and renewable energy and mines Piyush Goyal has launched Coal Mitra, a web portal for allowing flexibility in utilization of domestic Coal....
Question bank required
This job will be great aportunity for graduate lable
No one will reply for new cutoff. All predictors are in dialema abt the decision of bpsc.
Sir boys cdpo apply kar sakta hai
I have seen your last bpsc pre prediction which was 100%accurate,so i want to know that what would be the cut off this time when bpsc is going to select only 6420 candidates for mains?
Plz tell me which book is good for preparation and date
Whdo Will I do my intermediate level exam bank chalan receipt will stolen. I am so confused after prelims examination what is the role of this chaln in mains exam
My son is -21/07/1987 my exam center is in ranchi.l had lost my admit card.can u please provide me my roll no.so that l can check the result.
I want to know that when the bpscexam will held likewise 60 62 exam
I think cdpo requirenment 2017 will be uploades
Notification this mont.