GoM moots 10% increase in urea prices, partial decontrol
New Delhi A group of ministers (GoM) led by finance minister Pranab Mukherjee on Friday recommended bringing urea, a commonly used fertiliser, under the nutrient-based policy, raise its price by 10% immediately and partially decontrol the commodity from the next fiscal. Even after the price decontrol, there will be some subsidy on the plant nutrient to cushion it from price volatility. The Cabinet Committee on Economic Affairs will take a final call on the matter shortly.
Publication Date:
06/08/2011