Budget 2020

Govt may cut fertiliser subsidy by 4%

Reuters NEW DELHI | Updated on January 24, 2018 Published on February 25, 2015

India is likely cut its annual fertiliser subsidy by 4 per cent to around Rs 70,000 crore in its Budget proposals for fiscal year 2015-16, two government sources with knowledge of the matter told Reuters.

India had earmarked a subsidy of Rs 72,970 crore for the current fiscal year ending March 31.

"There is no plan to increase fertiliser prices," one of the sources told Reuters.

He said the roadmap for reforms in the subsidy structure for the fertiliser sector would be unveiled after the Budget.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on February 25, 2015
This article is closed for comments.
Please Email the Editor