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

  • Going solar is the need of the hour, but ‘going desi’ is equally important too

    Narendra Modi government’s decision on Wednesday to set up 50 solar parks with 500mw each and double the targeted solar power capacity to 40,000mw i

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust: Interesting times

Russia’s ultra nationalist supreme leader, the all powerful Vladimir Putin ...

Susan Visvanathan

The problem called JNU

Reservation is a word that some administrators and intellectuals find ...

Rajgopal Nidamboor

That divine mosaic of art and science

Our old, inborn fancy to present complex explanations as a ...