Canalisation of Import and Export
- Recently, Centre has extended tenure of Indian Potash Limited (IPL) as a canalising agency for import of urea.
- Rashtriya Chemicals Fertilizers (RCF) and National Fertilizers Limited (NFL) are other canalising agencies for urea import.
- Canalisation of import and export refers to importing and exporting of commodities through specified government agencies.
- Purpose: Price stabilization, ensure availability of supplies for domestic consumers, Improve bargaining power, Boost exports, Eliminate under invoicing etc.
- Major Canalised Commodities: Precious Metals, Arms/Ammunitions, agricultural products like onion, etc.
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