date:Feb 28, 2014
rtiliser subsidy in 2014/15 in the interim budget presented last week, as he tried to bring down the fiscal deficit.
The subsidy is not enough as the government has already deferred a payout of around 360 billion rupees from the current year to next year, said Satish Chander, director-general of the FAI.
There is no room to reduce retail potash prices considering the lower subsidy and weak rupee. There will be destruction in demand, said an official at state-run Rashtriya Chemicals and Fertili