According to ICRA, subsidy for P&K (phosphorous and potash) fertilizers in the nutrient-based subsidy scheme has been hiked marginally. Total allocation for rural, agriculture and allied sectors is Rs1,87,223 crore, 24% higher than a year ago. The government to support computerization and integration of Primary Agriculture Credit Societies (PACS), which act as the front end for loan disbursements. Higher credit target for agriculture and computerization, and integration of Primary Agriculture Credit Societies to increase fund flow in rural areas. Stocks in focus:Coromandel International Ltd, Deepak Fertilisers and Petrochemicals Corp. and National Fertilizers gained in the range of 4-6%.

Source: Mint February 01, 2017 21:08 UTC