3 fertiliser cos get Rs 20,532-cr relief
The Modi government will write off Rs 20,532.5 crore, the total amount of government loans and interest accrued to three public sector fertiliser companies. The three public sector fertiliser 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 crore as of endMarch 2015) and Brahmaputra Valley Fertiliser Corporation
(Rs 809.26 crore as on May 21, 2015). The proposed write-off is reflected in the second batch of Supplementary Demand for Grants for 2017-18 tabled in Lok Sabha last month.