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What Is The Retention Price Scheme? |
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Answer» The Retention Price Scheme (RPS) for fertilizer INDUSTRY introduced from 1.11.1977 and remained in FORCE TILL 31.3.2003. Under the RPS Retention Price was FIXED for each unit by the Govt. The difference between the Retention Price of Urea and the maximum RETAIL price of urea was paid as subsidy. The Retention Price Scheme (RPS) for fertilizer Industry introduced from 1.11.1977 and remained in force till 31.3.2003. Under the RPS Retention Price was fixed for each unit by the Govt. The difference between the Retention Price of Urea and the maximum retail price of urea was paid as subsidy. |
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