Subsidy, price controls to delay stake sale of state-run fertiliser firms

The financial condition of state-run fertiliser companies is completely dependent on subsidies and prices, which are majorly dictated by the government in India

The government is working on the price and subsidy policy of the fertiliser industry to ease the sale of stakes in state-run fertiliser companies. This may lead to a delay in the intended sale, a report in the Times of India (TOI) said. 

The financial condition of public-sector fertiliser companies is completely dependent on the subsidies and prices, which are majorly dictated by the government. The issue is more complicated as India has two subsidy regimes. One for older plants and another for newer ones. 

The country is also highly dependent on the import of raw materials for the production