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Government plans urea price hike to curb fertiliser subsidies

LiveMint logoLiveMint 09-06-2014 Rajendra Jadhav

Mumbai: India plans to raise the price of urea, the fertiliser most used by its farmers, by at least 10% in order to contain subsidy costs that are straining the budget, government and industry officials told Reuters.

The first major price hike in four years would mark an important step by Prime Minister Narendra Modi’s new government to cut wasteful use of urea and ease fiscal pressures resulting from a weak economy. Reuters

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