From The Morung Express
CenterCabinet hikes fertiliser subsidy for farmers to Rs 62,370 crore as global prices rise
What's behind this
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved on Wednesday a nutrient‑based subsidy of ₹62,370 crore for phosphatic and potassic fertilisers for the 2026‑27 rabi season, citing rising global prices. The subsidy, about 64 % above the budget estimate, includes a doubling of the nitrogen component, a 25 % increase for phosphorus and a three‑fold rise for sulphur.
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RSS excerpt
New Delhi, November 11 (IANS): The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Nutrient Based Subsidy (NBS) rates on phosphatic and potassic (P&K) fertilisers for the rabi crop season of 2026-27, with a tentative budgetary requirement of approximately Rs…