Urea units had under recovery in fixed costs under NPS-III policy. The need for new policy for the existing urea units beyond 31st March, 2010 was felt by all stakeholders. However, there was no tangible progress regarding policy formulation during four years after March 2010 inspite of series of discussions and deliberations at various forums. The Committee of Secretaries (CoS) headed by Member, Planning Commission, Government of India recommended Nutrient Based Subsidy (NBS) Scheme for urea. This report was also considered by the Group of Ministers (GoM). But, NBS policy was not approved by the Government. Finally, the Modified NPS-III Policy was notified on 2~(nd) April, 2014. This policy inter-alia allowed the following minor but significant changes in NPS-III.
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