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Consider the following statements:
1. In India, the Nutrient Based Subsidy (NBS) policy for fertilizers was implemented in 2010.
2. The Nutrient Based Subsidy (NBS) policy for fertilizers is applied only to the phosphorus based fertilizers.
Which of the statements given above is/are correct?
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- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Correct Option: A
Nutrient Based Subsidy (NBS) Policy on decontrolled Photostatic and Potassium fertilizer came into effect from I st April, 2010. It has been decided to fix the subsidy on the nutrients ‘N’ – Nitrogen, ‘p' -Phosphorus. 'K' - Potash and 'S' - Sulfur contents.
