-The Indian Express After petrol and diesel, the Narendra Modi government is looking next to deregulate urea. In the works is a three-year plan to decontrol the maximum retail price (MRP) of this fertiliser - currently fixed at Rs 5,360 a tonne or Rs 268 per 50-kg bag - alongside permitting duty-free imports sans any canalisation or restrictions, and credit the subsidy directly into the bank accounts of farmers. Urea imports now...

-The Hindu The move may save the government around Rs. 5,000 crore   The Union Cabinet, on Wednesday, gave its go-ahead for slashing the subsidy on phosphatic and potassic (P&K) fertilisers for this fiscal. The move is expected to save the government around Rs. 5,000 crore. The decision to cut subsidy has been taken in view of falling global prices. Despite the reduction in subsidy, the government is hopeful that the maximum retail price (MRP) of...

-Tehelka Policy flaw lets private players jack up prices and siphon off massive government subsidies. TO DROUGHTS and abject poverty, farmers can add another crisis: sky-rocketing fertiliser prices. The issue has prompted eight chief ministers of large states to seek the intervention of the Ministry of Chemicals and Fertilisers (MoCF) in the matter. Consider, for example, di-ammonium phosphate (DAP) and Muriate of Potash (MoP), two fertilisers that used to have massive demand...

-The Business Standard   Lopsided fertiliser policy is damaging farm output Even as the indifferent monsoon is threatening to affect crop sowing in the current season, the recent spike in the prices of some fertilisers and related developments in the fertiliser sector are adding to disquiet over kharif production prospects. The government’s move to slash subsidies on non-urea fertilisers early this year, coupled with the rupee’s depreciation, has led fertiliser companies to substantially...

The government plans to cut its subsidy bill to under 2% of the gross domestic product (GDP) in 2012-13, finance minister Pranab Mukherjee said in his budget speech on Friday. High crude oil prices and burgeoning fertilizer subsidies, primarily on account of imported non-urea fertilizers, have meant India’s subsidy bill has zoomed to Rs2.16 trillion, or 2.5% of the GDP. Mukherjee has set an ambitious target to reduce this to under 1.75%...