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Rail Budget 2015: Hike in urea freight means higher subsidy: Chander

Satish Chander - director general - Fertiliser Association of India says this will lead to higher subsidy. “We are not being paid subsidy and out outstanding is more than Rs 40,000 crore,” he told CNBC-TV18. He says the industry will suffer more.

February 26, 2015 / 16:15 IST
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In Railway Budget 2015, railway minister Suresh Prabhu hiked freight rates for several goods, including 10 percent for urea.

Satish Chander - director general - Fertiliser Association of India says this will lead to higher subsidy. "We are not being paid subsidy and out outstanding is more than Rs 40,000 crore," he told CNBC-TV18. He says the industry will suffer more.

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first published: Feb 26, 2015 04:03 pm

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