Arab Today, arab today delhi to cut subsidies on nonurea fertilisers
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Delhi to cut subsidies on non-urea fertilisers

Arab Today, arab today

Arab Today, arab today Delhi to cut subsidies on non-urea fertilisers

New Delhi - Arabstoday

In a bid to control the widening fiscal deficit, the government on Thursday said it will reduce subsidies on phosphate and potash-based fertilisers by over 20 per cent in the next financial year beginning April 1. The union cabinet headed by Prime Minister Manmohan Singh approved the fertiliser ministry’s proposal to cut subsidies. Subsides to Di-Ammonium Phosphate (DAP) and Muriate of Potash (MoP) fertilisers will be reduced respectively by 27.4 per cent and 10 per cent. Subsidy on DAP will be reduced to Rs.14,350 per tonne in 2012-13 from the Rs.19,763 per tonne. 

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