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Center-Right Owned by HT Media Ltd.Union cabinet raises rabi fertilizer subsidy by 64% to ₹62,370 crore
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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 Centre also cleared ₹15,000 crore in credit guarantee support for micro enterprises and disadvantaged entrepreneurs, alongside funding for a new national museum and a Noida Metro extension.