New Delhi: Just when UPA is grappling with food inflation,Union minister M K Alagiri has sounded alarm over shooting fertilizer prices under the Nutrient-Based Subsidy (NBS),saying the policy introduced in the last budget was hurting the poor farmer.
Ten months after the Centre freed fertilizer price and linked subsidy to constituents of phosphatic and potassic fertilizers,Alagiri has written to prime minister Manmohan Singh and finance minister Pranab Mukherjee,warning against extending NBS to the urea sector.He said farmgate prices of P&K fertilizers have shot up by 15% or Rs 75 per bag of DAP fertilizer.
Departmental feedback,he said,indicated fertilizer prices would increase further in the coming kharif season.A jump in urea prices will hurt farmers and can add to the rising food prices.
SANCHITA GUPTA
PGDM 2ND SEM
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