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The Centre is considering slashing subsidy on potassic fertilisers and raising the same for phosphatic and sulphur in line with global prices for next fiscal.
At present, the subsidy on nitrogen (N) is fixed at ₹15.85 per kg, ₹13.24 per kg for phosphorous (P), ₹15.47 per kg for potash (K) and ₹2.04 per kg for sulphur (S). According to sources, the Fertiliser Ministry has prepared a draft cabinet note on Nutrient-Based Subsidy (NBS) rates for P&K fertilisers for 2017-18.
The Ministry has proposed reducing K subsidy for next fiscal from the existing level of ₹15.47 per kg. It has recommended increasing marginally the subsidy of other nutrients to compensate companies from higher global prices and maintain the retail price at the current level.
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