Low farming cost after GST cuts on fertilisers: Nadda

THE GOVERNMENT'S DECISION on September 22, to reduce GST on micronutrient fertilisers from 12% to 5% has lowered production costs for small and marginal farmers, who are particularly sensitive to price fluctuations, Fertiliser Minister JP Nadda said in Parliament on Friday.

- SANDIP DAS

Stating that lower input costs have encouraged farmers to apply the recommended doses of micronutrients, Nadda said, “As per Indian micro-fertilizers manufacturers association, due to reduction of GST from 12% to 5%, savings would be of $140 per acre in paddy, ₹199 per acr