 "The higher subsidy will allow fertiliser companies to sell DAP at the old rate of Rs 1,200 against the new price of Rs 1,900 per bag that was applicable from April 1, 2021")
The Centre on Wednesday increased its share of subsidy for di-ammonia phosphate (DAP) by 140 per cent from Rs 500 to Rs 1,200 per bag, thereby rolling back the steep 58 per cent hike in prices announced by companies since April. The decision taken at a meeting chaired by Prime Minister Narendra Modi comes in the backdrop of farmers’ agitation.
The higher subsidy will allow fertiliser companies to sell DAP at the old rate of Rs 1,200 against the new price of Rs 1,900 per bag that was applicable from April 1, 2021.
A government statement said the Centre would spend an
