Centre puts on hold decontrol of urea prices

• Reeling under the impact of high inflation and outcry against price rise, the UPA Government on Wednesday decided to put on hold the 'decontrol of urea' prices and instead decided to assign the job of freeing the 'sensitive fertilizer' to a Committee of Secretaries (CoS) to work out the issue.ent to next fiscal.
• The industry was of the view that the full benefit of the NBS initiative would accrue once urea was brought under the scheme. This would encourage entrepreneurs to invest in the sector and ensure assured supply of fertilizers. Burdened with increasing fiscal deficit and fertilizer subsidy, the Finance Ministry was also reportedly in favour of the introduction of the NBS scheme on urea.