fertiliser ministry notifies P&K subsidy rates

NEW DELHI: The fertiliser ministry has notified the Cabinet’s decision to reduce potash subsidy by Rs 3.33 per kg for 2014-15, which will result in saving of Rs 900 crore, but would not lead to an increase in retail prices.

The Cabinet Committee on Economic Affairs (CCEA) on March 27 had approved subsidy of P&K (phosphatic and potassic) fertilisers for the next fiscal wherein it has recommended constant subsidy rates for all the complex fertilisers, barring potash.

The government has reduced the subsidy on potash taking into consideration the fall in international prices. Subsidy on potash will come down to Rs 15.50 per kg from Rs 18.83 per kg earlier.