Fertilizer subsidies is expected to be Rs 1.04 lakh crore in the current financial year. Out off this Rs 1.04 lakh crore, Sources said that Fertilizer Ministry could not pay the subsidy bills of Phosphate, Potash and DAP companies since July 2012. Similarly subsidy bills of Urea companies is held-up since August 2012.
Another source says that out off this subsidy bill of Rs 1.04 lakh crore, Rs 21,000 crore is last years outstanding. In addition, its including an estimated bill of the first quarter of financial year 2013-14(April -June).
Stay tuned to Fertilizer News Blog for more news on subsidy bills !