The Fertiliser Ministry is requesting a 100% increase in the subsidy budget for FY27, seeking to double it to Rs 1.71 lakh crore. This surge is driven by rising global fertiliser prices and import costs due to the West Asia conflict, potentially pushing the subsidy bill over Rs 3 lakh crore this fiscal.
The Fertiliser Ministry is requesting a 100% increase in the subsidy budget for FY27, seeking to double it to Rs 1.71 lakh crore. This surge is driven by rising global fertiliser prices and import costs due to the West Asia conflict, potentially pushing the subsidy bill over Rs 3 lakh crore this fiscal.
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