Agriculture |

New Urea Policy 2015

Urea has been understood to be an essential nitrogen-based fertiliser for agriculture being produced in India since 1959 (Food and Agriculture Organisation, 2005). As early as 1977, the Indian government put the Retention Pricing Scheme (RPS) in place under which the government fixed a price for each unit. The difference between this uniform sale price and varying cost of production across manufacturing plants of urea was paid as subsidy. Later in 2003, the RPS was replaced by the New Pricing...

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