THE GOVERNMENT'S SUBSIDY expenditure on fertilisers for FY24 could be ₹2.25 trillion, as against the Budget Estimate of ₹1.79 trillion, fertiliser minister Mansukh Mandaviya said on Wednesday.
"The global prices of fertilisers have declined in recent months. However, it takes about six months for the lower prices to reflect in the actual subsidy expenses, because of inventories held by the fertiliser companies," he added.
Fertiliser subsidy in FY23 stood at an all-time high of ₹2.53 trillion, owing to the spike in global commodity prices.
Earlier in the day, the Cabinet approved subsidy of ₹38,000 crore for phosphatic and potassic (P&K) fertilisers for the kharif 2023 season (April-September) under the nutrient-based subsidy (NBS) mechanism. The subsidy rates for the two fertilisers, which are mostly imported, have been fixed after taking into consideration the fall in international prices.
この記事は Financial Express Mumbai の May 18, 2023 版に掲載されています。
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この記事は Financial Express Mumbai の May 18, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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