Govt plans urea price hike to curb fertiliser subsidies

Tags: Agriculture
India plans to raise the price of urea, the fertiliser most used by its farmers, by at least 10 percent in order to contain subsidy costs that are straining the budget, government and industry officials told Reuters.

The first major price hike in four years would mark an important step by Prime Minister Narendra Modi's new government to cut wasteful use of urea and ease fiscal pressures resulting from a weak economy.

EDITORIAL OF THE DAY

  • But for market intervention, the govt has no business to be in business

    Selling equity in government owned companies has never been a priority for the Narendra Modi: the government has thus far not professed aggressive equ

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust:The mother of all battles

Gassed out after the interminable interplay of the Yadavs in ...

Rajgopal Nidamboor

Of life’s essentiality and synchrony

It is no big deal to think of psychology as ...

Anil Dharker

No women, no Cry

EDM, as you would know if you are young, (and ...