Centre hikes non-urea fertiliser subsidies with allocation of Rs 37,216 cr

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Centre hikes non-urea fertiliser subsidies with allocation of Rs 37,216 cr - Business Standard

Quick Summary:

Says FY25 fertiliser subsidy now totals Rs 191,836.29 crore versus BE of Rs 168,130.

He added that, apart from this, as per the announced NBS rates, the subsidy for other grades of NPKs will witness an increase, translating into an improvement in the profitability of phosphatic fertiliser players.More than 5.

Already, the government, in a statement made in Parliament today, said that FY25 revised estimates of fertiliser subsidies now stand at around Rs 191,836.29 crore, as against the Budget Estimates of Rs 168,130.81 crore — a rise of almost 14 per cent.