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Government allocates extra Rs3 billion for fertiliser imports
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Kathmandu, March 4 -- The Finance Ministry has agreed to provide Rs3 billion to the Agriculture Ministry to import extra chemical fertiliser to make up for reduced purchases necessitated by a stronger US dollar and price hike in the global market last year. But the exchequer will only give the money if the subsidy is slashed and a distribution plan is submitted.
Tej Bahadur Subedi, spokesperson for the Agriculture Ministry, said that the Finance Ministry had asked them to reduce the subsidy given to farmers and prepare a procurement and distribution plan amid concerns that the subsidised fertiliser has not benefitted the target group. The government provides a 50-60 percent subsidy on urea.
Subedi said that they had prepared a procureme...
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