Who was the Union Finance Minister in February 2002 who announced in the Union budget proposal an increase in the price of Urea and fertilizers?
Answer & explanation
Correct answer: option 4
The correct answer is Option 4- Jaswant Singh
8th February 2002: The Union Finance Minister, Jaswant Singh, announced in the Union budget proposal an increase of Rs. 12 in the price of a 50 kg bag of urea and a smaller increase in the price of two other fertilizers which constituted about 5 per cent rise in prices. The current urea price of Rs. 4,830 a tonne carries a subsidy of as much as 80 per cent.