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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