Fertiliser stocks jump as finance ministry plans subsidy revamp


The finance ministry was considering direct payment of subsidy to farmers in advance. The fertiliser ministry will use PM-KISAN beneficiaries to disburse the advances, CNBC-TV18 quoted NewsWire as saying.

The government is planning to de-control urea prices, which could push up the price of a 45-kg bag to Rs 400-445 from Rs 242.

This financial year fertiliser the subsidy is likely to touch Rs 1.1 lakh crore.