From Deccan Chronicle
Center Owned by Deccan Chronicle HoldingsCentre Unveils ₹62,370-Cr Fertiliser Subsidy
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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The Union Cabinet approved a ₹62,370-crore subsidy on phosphatic and potassic fertilisers for the 2026-27 rabi season amid rising global prices.