Cabinet has cleared direct urea subsidy transfer today. Kapil Mehan, managing director of Coromandel International says industry has been requesting for such a move for a long time. "We welcome the step. I think the pilot is going to be run across 8-10 districts in the country for direct transfer of subsidy," he adds.
The news that Cabinet has given approval to direct urea subsidy transfer, which was pending for long time, sent fertiliser stocks soaring more than 5 percent.