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Fertiliser subsidy set to touch record Rs 1.65 lakh crore in FY23: Crisil
03 May 2022
Public

The central government’s fertiliser subsidy bill set to touch an all-time high of Rs 1.65 lakh crore this fiscal against Rs 1.05 lakh crore budgeted, due to an unprecedented rise in the cost of raw materials and prices of fertilisers globally, said Crisil Ratings on Thursday.

To be sure, the government has been proactive in addressing the situation. In the past two fiscals, it has paid an additional Rs 1.2 lakh crore and increased the budgeted subsidy. However, the steep rise in raw mat ..

Read more at:
https://economictimes.indiatimes.com/news/economy/agriculture/fertiliser-subsidy-set-to-touch-record-rs-1-65-lakh-cr-in-fy23-report/articleshow/90981024.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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