DAP subsidy extension aims to facilitate corporate profit: Farmer's body

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"The All India Kisan Sabha (AIKS) views the cabinet decision of the NDA3 Government to extend special subsidy on di-ammonium phosphate DAP as facilitating corporate profit rather than protecting farmers interests," AIKS said in a statement on Thursday.

All India Kisan Sabha (AIKS) on Thursday said the Union Cabinet's decision to extend special subsidy on di-ammonium phosphate (DAP) fertiliser would increase corporate profit rather than protect farmers' interests.

The AIKS said theP of Urea has been statutorily fixed at Rs 266.50 per 45-kg bag since November 2012, but the prices of Muriate of Potash (MoP) increased from Rs 4,455 per tonne in 2009-10 to Rs 34,644 per tonne in 2023 (August).

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Category: BusinessFinance

Markets: India

Topics: NDA government Farmers' body Farmer's protests All India Kisan Sabha (AIKS) Corporate profiteering DAP subsidy extension Di-ammonium phosphate DAP

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-02 @ 22:16:30 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 673 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 43 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24821777

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