Disappointed since long term fertilizer policy has not been announced

D K Varma, CMD, Rashtriya Chemicals

The Budget was focussed on agriculture but there was no announcement of any changes on labour policy as well as agricultural land reforms.

The fertiliser industry is disappointed since the long term fertiliser policy has not been announced.

We were expecting a 10-15 per cent hike in fertiliser price. The 5 per cent hike in issue price is very marginal.

Our view is that expectation on cut in subsidy will not materialise because after the dismantling of APM the price of feedstock like gas and naphtha will go up.

Powered by

YOU MAY ALSO WANT TO READ:
The Rediff Budget Special
The Rediff-Capital Market Budget Analysis
More Budget Stories
Money