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    <title>Press Note- Media On Undue Profit Accruing To Fertilizer Companies Under The Nutrient Based Subsidy (NBS) Policy Due To Fixation Of Higher MRP By The Fertilizer Companies.</title>
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    <description>Under the Nutrient Based Subsidy policy the Government sets an annual fixed subsidy per fertilizer while companies are free to fix MRP; subsidy fixation accounts for international prices, exchange rates and company costs and is asserted to be transparent, and audited company balance sheets show no evidence of undue profiteering. Movement of P&amp;K fertilizers in Rabi 2011-12 reflected pre positioning, long term contracting, port storage limits, rail rake constraints and short seasonal consumption windows rather than excess dispatch. NBS does not regulate MRP and P&amp;K fertilizers are importable under Open General Licence.</description>
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    <pubDate>Wed, 23 Jan 2013 14:42:15 +0530</pubDate>
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      <description>Under the Nutrient Based Subsidy policy the Government sets an annual fixed subsidy per fertilizer while companies are free to fix MRP; subsidy fixation accounts for international prices, exchange rates and company costs and is asserted to be transparent, and audited company balance sheets show no evidence of undue profiteering. Movement of P&amp;K fertilizers in Rabi 2011-12 reflected pre positioning, long term contracting, port storage limits, rail rake constraints and short seasonal consumption windows rather than excess dispatch. NBS does not regulate MRP and P&amp;K fertilizers are importable under Open General Licence.</description>
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