Friday, February 13, 2009

Fertilizer subsidy up at Rs 1000 bn

Government said that with an increase in urea import, fertilizer subsidy has witnessed a rise from Rs 360 billion last year to Rs 1,000 billion till date this fiscal.

``Fertilizers import has not gone down. In fact, due to increase in urea import, we have increased fertilizer subsidy considerably from last year,`` said Ram Vilas Paswan, minister of steel, chemicals and fertilizers.

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