A group of ministers headed by Finance Minister Pranab Mukherjee will meet on Friday to finalise the policy on partially decontrolling urea prices. Sources in Fertilizer ministry said, GoM will discuss the draft policy, prepared by the Committee of Secretaries headed by Planning Commission member Saumitra Chaudhuri. The committee has suggested partially freeing the retail price of urea besides hiking the rate by 10 per cent after a year of implementing the new policy. Urea is the only fertiliser that remains under full price control. The government had partially freed prices of phosphatic and potash fertilisers last year.
News On AIR | August 3, 2011 8:50 PM
GoM to finalise policy on partially decontrolling urea prices