Fertilizer subsidy Subject : Economy Context: The Cabinet Committee on Economic Affairs has approved a ₹51,875 crore subsidy for phosphatic and potassic fertilizers for the rabi season. Details: It is in accordance with a commitment to ensure the availability of P&K (phosphatic and potassic) fertilizers to the farmers at affordable prices and international […]

    Fertilizer subsidy Context: Prime Minister Narendra Modi on Saturday said the central government’s subsidy Bill for fertilisers will cross an estimated Rs 2 lakh crore this financial year — 25 per cent more than the fertiliser subsidy of the last financial year. Fertilizer subsidy Farmers buy fertilisers at MRPs (maximum retail price) below their normal […]

    Fertilizer subsidy Subject: Economy Section: Fiscal Policy Context: Elevated global commodities prices are jacking up subsidy expenditure on fertilizers. Farmers in the country continue to be insulated from the relentless rise in global prices of urea and natural gas. Another sharp hike in the subsidy would amount to an unraveling of the ‘decontrol’ […]

Subject: Economy Context: A bountiful monsoon has brought a new challenge for the Finance Ministry, with the subsidy bill for fertilisers this year expected to be much higher. Concept: Farmers buy fertilisers at MRPs (maximum retail price) below their normal supply-and-demand-based market rates or what it costs to produce/import them.• The difference between the retail […]

Subject: Economy Context: The Centre is working on a plan to restrict the number of fertiliser bags that individual farmers can buy during any cropping season. Concept: Farmers buy fertilisers at MRPs (maximum retail price) below their normal supply-and-demand-based market rates or what it costs to produce/import them. The difference between the retail price and […]