The Centre's fertilizer subsidy allocation for FY26 is likely to stay close to the current year's spending, as fluctuations in the prices of key plant nutrients remain within a relatively narrow range, two persons familiar with the development said.
For the current financial year, the government initially allocated ₹1.64 trillion and topped it up with another ₹6,594 crore in December, taking the total to ₹1.7 trillion.
For FY26, fertilizer subsidy, the second biggest subsidy offered by the Centre after food, is likely to be in this range as subsidy utilization in the current fiscal has broadly matched anticipated trend, said one of the persons quoted above.
Though the government is likely to start off the next fiscal with a similar subsidy allocation, there is an implicit commitment to meeting any unforeseen spike in requirement, said the person, who spoke on the condition of not being named.
Fertilizer subsidy accounts for about two-fifths of all Central subsidies projected at ₹4.28 trillion this fiscal. Of this, the Centre will spend ₹2 trillion on food subsidy and ₹11,925 crore on cooking gas.
This story is from the January 10, 2025 edition of Mint Hyderabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 10, 2025 edition of Mint Hyderabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Nominee Laws at Crossroads: From Trustee to Ownership, A Case for Reforms
The notion of a nominee being a mere trustee complicates the case for asset succession
Zee Ent Q3 profit soars nearly 3-fold
Zee Entertainment Enterprises Ltd clocked a net profit of ₹164 crore for the third quarter ended December, a 180% increase from the ₹58.5 crore a year earlier.
Akasa Air is well-capitalized, path to profitability intact
CEO Dube said the country's two newest airports should help improve its profitability
Declaring pre-existing diseases and timelines: Know the rules
What is the time limit for pre-existing diseases when buying health insurance? Do I need to declare a decade-old hospitalization or illness? I declared an illness from 10 years ago, and the insurer excluded it from the pre-existing conditions list. Is this correct? -Name withheld on request
HDFC Bank walks loan tightrope
DFC Bank Ltd performed well in Q3FY25 but reported a high loan-deposit ratio (LDR) of 98%, indicating less-than-ideal liquidity to cover urgent fund requirements.
CCI Ban on WhatsApp Data-Sharing on Hold
No relief on ₹213 crore fine; experts say order undermines CCI's authority
Inclusive growth key pillar of India's economic blueprint
India will comfortably maintain a 6-8% economic growth rate while keeping inflation under check in the years to come, senior Union railways minister Ashwini Vaishnaw said on Thursday in a statement.
India will clock fastest growth rate: Andhra CM Naidu at Davos
Andhra Pradesh chief minister N. Chandrababu Naidu has said that India's golden era has started and the country will clock the fastest growth rate.
Donald Trump to take virtual centre stage in Davos
Chief executives will be given the chance to lob questions at the new US President Donald Trump
RBI Likely to Transfer Another Bumper Payout
The central bank will likely make another windfall payout to the government on account of its intervention in currency markets to stem the decline in the rupee, according to economists.
