VOL NO REGD NO DA 1589

Thursday, December 29, 2005

HEADLINE

POLITICS & POLICIES

METRO & COUNTRY

VIEWS & REVIEWS

EDITORIAL

LETTER TO EDITOR

COMPANIES & FINANCE

BUSINESS & FINANCE

LEISURE & ENTERTAINMENT

MARKET & COMMODITIES

SPORTS

WORLD

 

FE Specials

FE Education

Urban Property

Monthly Roundup

Saturday Feature

Asia/South Asia

 

Feature

13th SAARC SUMMIT DHAKA-2005

WOMEN & ECONOMY

57th Republic Day of India

US TRADE SHOW

 

 

 

Archive

Site Search

 

HOME

HEADLINE
 
Import of non-urea fertiliser thru' BCIC under study
Govt to disburse Tk 660m in outstanding fertiliser subsidy
FE Report
12/29/2005
 

          The government Wednesday decided to disburse Tk 660 million shortly to the fertiliser-importers out of the total outstanding subsidy worth Tk 970 million for the previous fiscal to end the fertiliser fiasco just ahead of the peak 'Boro' cultivation time.
It also decided to disburse other outstanding subsidy after getting required documents from the ministry concerned in this connection.
The decisions were taken at an inter-ministerial meeting held at the National Economic Council (NEC) auditorium.
Finance Minister M Saifur Rahman chaired the meeting while senior ministers including LGRD minister Abdul Mannan Bhuiyan, agriculture minister MK Anwar, industries minister Motiur Rahman Nizami attended it.
Kafil Uddin Ahmed, President of Bangladesh Fertiliser Association (BFA) told the FE that the government's move would help a great deal to resolve the current fertiliser crisis.
"We are yet to receive any official copy on the meeting and we will sit tonight (Wednesday) to review our position following the government's latest decision on releasing subsidy", Kafil Uddin said.
"The importers show different prices ranging between US$ 160 and $216 while importing the same fertiliser," Saifur told newsmen, adding that the committee concerned would examine different rates of the same fertiliser. Based on the committee report, 25 per cent subsidy will be approved, he reiterated.
Casting doubt over the amount of Tk 970 million in subsidy as demanded by the striking BFA, Saifur said: "Textile millers had claimed Tk 20 billion subsidy, but, after scrutiny, we calculated it only Tk 6.0 billion … so the rest fertiliser subsidy will be released only after scrutiny."
Rahman said that the government would also import non-urea fertilisers like Tripple Super Phosphate, Di-Ammonium Phosphate (DAP) through Bangladesh Chemical Industries Corporation (BCIC) along with private importers.
"We don't want to do anything exclusively in this regard. But since the BADC and BCIC are involved in importing Urea fertiliser, we will allow the two organisations to sell out fertiliser at subsidised prices," he told the journalists.

 

 
  More Headline
Govt to disburse Tk 660m in outstanding fertiliser subsidy
Credible mechanism to address graft issue
Uptrend in lending, deposit rates may continue
Saifur comes down heavily on media, economists
Master plan for coal exploration, use likely
Cabinet decision on SAFTA goes to secretariat today
Stock markets bounce back
Work on scanner project for sea and land ports to begin soon
Another bid to nab Bangla Bhai fails
EU to give Tk 1.58b for food security, rural employment
NBR will open CIC branch in Ctg soon
3 Ansars among 6 killed in separate shootouts
Govt to formulate 19 working groups on PRSP
Tense situation at Mirpur after trader succumbs to injuries
1,200 MW power shortage likely next summer
Ctg assoc election tomorrow
PICOM includes Dhaka-Ctg expressway in list
Nat'l body proposed for better negotiation capability at WTO
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com