Page 2 - Fertiliser Subsidy

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Fertiliser subsidy may go up 55% to record Rs 2.5 trn in FY23: Report

The government will not increase retail prices of urea and also provide adequate subsidies to ensure that the maximum retail prices of non-urea fertilisers remain at the present level, sources said

Govt hikes non-urea fertiliser subsidy to Rs 61,000 cr for 6 mths of FY23

The per-bag subsidy on DAP has been raised by 50% from last fiscal

Govt approves Rs 60,939 crore subsidy for phosphate-based fertilizers

The decision to raise the fertilisers subsidy was taken after a spike in the prices of crop nutrients in global markets, mainly due to supply chain disruption after Russia's invasion of Ukraine

Centre's fertiliser subsidy bill in FY23 may shoot up to Rs 2.3 trillion

According to trade and industry sources, Russia, Ukraine, and Belarus account for almost 20 per cent of phosphoric acid imported into India

Fertiliser subsidy set to touch record Rs 1.65 trn in FY23: Report

According to the report, in the past two fiscals, the government has paid an additional Rs 1.2 lakh crore and increased the budgeted subsidy

Govt seeks Parliament nod for extra spending of Rs 1.07 trn in FY22

The government sought Parliament nod for net additional spending of over Rs 1.07 lakh crore, including about Rs 15,000 crore towards fertilizer subsidy, in third batch for current fiscal year

Russia-Ukraine war: Govt stares at higher fertiliser subsidy bill

Ukraine war may push FY22 burden by Rs 15k cr, hit FY23 estimate

Fertiliser subsidy may exceed RE by Rs 10,000 cr, fiscal deficit at 6.9%

The Revised Estimates (RE) had pegged the fertiliser subsidy at over Rs 1.40 lakh crore in current fiscal year

Russia-Ukraine crisis to push up fertiliser prices, govt subsidies

India's agriculture sector is expected to face the heat from hostilities between Russia and Ukraine which are expected to push up prices and availability of Potash

Ukraine crisis: Commodity prices to impact FY23 fertiliser subsidy targets

The Reserve Bank of India projects the retail inflation rate to average 4.5 per cent in FY23

At current prices, FY23 fertiliser subsidy sufficient for 6-7 mths: Experts

However, the govt may have to infuse more fertiliser subsidy if global gas prices rise.

Union Budget provides less for food and fertiliser subsidies

The petroleum subsidy is pegged at Rs 5,813 crore, which is 11 per cent less

Budget 2022: Steep subsidy sums for food and fertiliser likely

Budget 2022: Subsidies have been a bugbear of the Indian economy for long

Centre's fertiliser subsidy bill expected to rise 62% in FY22: CRISIL

A rise in the prices of natural gas and other raw materials is expected to raise the Centre's fertiliser subsidy bill by 62 per cent to Rs 130,000 crore in FY22, Crisil Ratings said.

Led by urea, fertiliser subsidies to soar 62% this fiscal: Report

The Centre's fertiliser subsidy bill is set to soar by 62% over the budgeted amount to Rs 1.3 trillion this fiscal due to the massive rise in raw material prices despite lower demand, says a report

Indian fertiliser stocks surge after report on subsidies doubling plan

Indian fertiliser stocks jumped after a report the government plans to increase fertiliser subsidies to a record of more than 1.55 trillion rupees ($20.67 billion) in 2021-2022

Complex fertiliser crunch to stay if subsidy support isn't eased: Industry

Alternatively, non-DAP complex fertiliser makers will take a hit on their margins by not passing on the increased cost of production to the final consumer--the farmer

Fertiliser subsidy in rabi season to benefit farmers, industry: ICRA

Rating agency ICRA has termed the government's decision to provide a special one-time package for extra subsidy on DAP fertiliser as positive for farmers as well as the industry, and said the availability of key nutrients will improve in the coming months. On Tuesday, the government announced a net subsidy of Rs 28,655 crore on Phosphatic and Potassic (P&K) fertilisers for the October-March period of this fiscal to ensure that farmers get nutrients at affordable prices during the rabi sowing season. The Cabinet Committee on Economic Affairs (CCEA) has approved the Nutrient-Based Subsidy (NBS) rates for P&K fertilisers for October 2021 to March 2022. In a statement, the rating agency said the Centre has approved a special one-time package for pay-out of additional subsidy for DAP and three most consumed NPK grades. The subsidy rates under the NBS scheme have been kept unchanged from the announcement made in May 2021. However, an additional pay out of Rs 438/bag (Rs 8,760 per ...

Cabinet okays Rs 28,655 cr subsidy on P&K fertilisers for rabi season

Total subsidy burden to be around Rs 130,000 in FY-22, almost 63% more than budgeted