History of the Urea Subsidy:
To control the sale, cost, and quality of fertilizer, the Fertilizer Control Order was issued in 1957. Later in 1973, the Movement Control Order was issued to control fertilizer delivery.
The 1973 oil crisis raised the price of fertilizer, which decreased consumption and raised food costs. Therefore, the government-supported producers in 1977.
The government deregulated the import of DAP (di-ammonium phosphate) and MOP (Muriate of potash) in 1992 as the BoP issue grew severe. But urea imports are still limited and controlled....
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