Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Fertilizer subsidy for Sri Lankan farmers amounts to Rs. 60 billion
Thu, Dec 6, 2012, 01:29 am SL Time, ColomboPage News Desk, Sri Lanka.

Dec 05, Colombo: The Deputy Minister of Agrarian Services and Wildlife S.M. Chandrasena said that there is no change in the fertilizer subsidy given to the farmers.

The government will give a bag of 50 kilograms of fertilizer costing Rs. 3,500 to the farmers at Rs.350 incurring 90 percent of the cost. The annual expenditure for the government on fertilizer subsidy amounts to Rs. 60 billion, the Minister pointed out.

He noted that despite the huge amount of concession on fertilizer, the government has to pay compensation to farmers when the harvest is affected by the drought, flood or wild animals.

Although the Agricultural Insurance Board has introduced an insurance scheme as a solution to cover the losses only five percent of the farmers contribute to this scheme.

The Minister said therefore an insurance charge of 150 rupees will be made when a fertilizer bag is purchased for Rs. 350. The insurance charge will not be utilized for any other purpose but to provide compensation when disaster strikes, the Minister stressed.

He dismissed the reports that the government has increased the price of fertilizer to 500 rupees saying that there is no plan to increase the price.



ColomboPage - Recent 10 Stories
War Heroes Commemoration Month declared open in Sri Lanka
-- [3 hours ago]
US company to recruit 3,000 Sri Lankan nurses
-- [4 hours ago]
Narahenpita Police OIC arrested for concealing evidence in rugby player's death further remanded
-- [4 hours ago]
CSE and CFA Society Sri Lanka ring opening bell in support of 'Putting Investors First Month' campaign
-- [5 hours ago]
Sri Lankan President advises officials to take decisions fearlessly to protect environment
-- [5 hours ago]
Sri Lanka Navy arrests five Indians smuggling Ganja in to the island through sea
-- [6 hours ago]
Sri Jayewardenepura University and Lipton to uplift productivity of Sri Lankan tea lands
-- [7 hours ago]
World Export Development Forum accentuates Sri Lanka's role as a regional hub for international trade
-- [7 hours ago]
Malaysia explores the possibility of a FTA with Sri Lanka
-- [8 hours ago]
Sri Lanka parliament suspends Deputy Minister and MP for a week over the brawl

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.