A total amount of Rs. 20,532.5 crore of government loans and interest accrued to three public sector fertilizer companies is being written off. This is proposed in the second batch of Supplementary Demand for Grants for 2017-18 tabled in Lok Sabha by Finance Minister Arun Jaitley on Monday, December 18.
The three public sector fertilizer companies that will benefit from this proposed move are Fertiliser Corporation of India (Rs. 10.643.75 crore as of end-March 2012); Hindustan Fertilisers Corporation (Rs. 9,079.48 crores as of end-March 2015) and Brahmaputra Valley Fertiliser Corporation (Rs. 809.26 crores as on May 21, 2015).
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By IndianMandarins - 2017-12-19 07:19:04
A total amount of Rs. 20,532.5 crore of government loans and interest accrued to three public sector fertilizer companies is being written off. This is proposed in the second batch of Supplementary Demand for Grants for 2017-18 tabled in Lok Sabha by Finance Minister Arun Jaitley on Monday, December 18.
The three public sector fertilizer companies that will benefit from this proposed move are Fertiliser Corporation of India (Rs. 10.643.75 crore as of end-March 2012); Hindustan Fertilisers Corporation (Rs. 9,079.48 crores as of end-March 2015) and Brahmaputra Valley Fertiliser Corporation (Rs. 809.26 crores as on May 21, 2015).
