A cabinet meeting chaired by Prime Minister Narendra Modi may approve the enhanced subsidy for winter-sown crops as early as this week.
The Centre's plan to start FY22 on a clean slate seems to have gone for a toss within just six months after it cleared the food subsidy backlog and paid its pending liabilities to NSSF
The move will also help in providing relief to the farmers amid the pandemic
One bag has 50 kilograms of the fertiliser.
While the govt has moved fast on cash support and hike in fertiliser subsidy, the spike in rural Covid cases and tapering yields could hurt
Analysts say the hike in DAP subsidy will have a positive rub-off on fertiliser and agri-input companies
A sharp rally in fertilizer stocks on Thursday on hike in subsidy has opened doors for more upside in the coming days
A govt statement said the Centre would spend an additional Rs 14,775 cr on fertiliser subsidy in the current financial year
With the increase in subsidy in DAP, Government of India will spend an additional Rs 14,775 crore as subsidy in Kharif season
The government has not yet taken a final decision on implementation of direct cash transfer of fertiliser subsidy to farmers, Fertiliser Minister D V Sadananda Gowda informed Parliament on Tuesday.
Combined market capitalisation of 10 fertiliser companies up 10% in Nov, against 12% rise in Sensex
After the Garib Kalyan Yojana was extended by five months from July To November, an additional subsidy of Rs 76,000 crore had to be borne by the govt
Birla's sale of fertiliser arm comes within two years of Tata's exit from sector
These could include direct cash transfer, encouraging rational use of fertilisers
Centre allocates extra Rs 65,000 crore for FY21, over the BE of Rs 71,309 crore
If the government accepts this recommendation, the ongoing practice of transferring subsidy to fertiliser-producing companies will be discontinued
From KKR-Reliance deal, residential property deals on the slide to passage of labour reform bills, Business Standard brings you top news of the evening
While total requirement in the current fiscal is pegged at around Rs 128,000 crore, the 2020-21 Budget provided Rs 71,309 crore towards fertiliser subsidy
Fertiliser subsidy down, food subsidy up
Farmers do not favour direct cash transfer