Budget 2021: Experts seek urea price hike, I-T exemption for primary co-ops

CII seeks higher allocation for food processing schemes

Agriculturists and organisations, representing cooperative unions and food processing firms, on Tuesday raised a variety of issues for inclusion in the forthcoming Budget.
 
These include raising the rates of urea while lowering those of phosphatic and potassic (P&K) nutrients to promote balanced use.
 
They also called for extending income tax (I-T) concessions to primary agriculture cooperative societies (PACS) engaged in processing of farm products and sops for food processing units.
 
According to news agency PTI, Bharat Krishak Samaj (BKS) said it made the demand with regard to balanced use of fertilisers. In a virtual pre-Budget consultation with