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Big bonanza for UP farmers as Adityanath govt cuts urea prices by 10%

State exchequer to take a hit of Rs 1,000 crore in VAT kitty

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InamajorboosttothefarmsectorjustmonthsaheadoftheLokSabhaelections2019,theYogiAdityanathgovernmenthascuttheureapricesbymorethan10percentinUttarPradesh. Thestateureapriceswerehighercomparedtootherstates,owingtothepolicyofslappingadditionalValueAddedTax(VAT)onnaturalgas.Accedingtothelong-pendingfarmers’demandtobringureapricesatparwithotherstates,theAdityanathgovernmenthasdecidedtoparetheprices. Now,a45kgbagofureathatretailedatRs299wouldsellforRs266.50,whilethe50kgureabag ...