From Orissa Post
Center Owned by Eastern Media Ltd (Sambad Group)Centre approves Rs 62,370 crore fertiliser subsidy for rabi 2026-27
What's behind this
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved 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, doubles support for nitrogen, raises phosphorus by 25 %, and triples the subsidy for sulphur. The move is presented as a measure to protect farmers from fluctuating international fertiliser prices and ensure affordability.
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RSS excerpt
New Delhi: The government Wednesday approved a Rs 62,370 crore subsidy on phosphatic and potassic (P&K) fertilisers for the rabi season 2026-27. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the Department of Fertilizers’ proposal to fix the Nutrient Based Subsidy (NBS) rates…