date:Feb 28, 2014
the year ending March 31 the subsidy was fixed at 11,300 rupees per tonne.
The proposal is with the cabinet and will be cleared in the next meeting, said another government official, who takes part in negotiations with overseas suppliers. The officials said the proposal could be cleared in a week.
Retail potash prices in India have doubled since 2011 to 17,000 rupees a tonne as India cut subsidies in the last two years, including a 21.5 percent reduction in 2013/14, and due to a weak currency.