Cabinet approves Rs 1.08 lakh crore fertiliser subsidy for April-September kharif season

Daily Current Affairs / Cabinet approves Rs 1.08 lakh crore fertiliser subsidy for April-September kharif season

Change Language English Hindi

Category : Business and economics Published on: May 19 2023

Share on facebook

The Union Cabinet on May 17 approved an Rs 1.08 lakh crore package for fertiliser subsidy for the April-September kharif season.
Of the Rs 1.08 lakh crore subsidy, Rs 70,000 crore is for urea and Rs 38,000 crore for Di-ammonium Phosphate, or DAP.
As per the 2023-24 Budget documents, the revised estimate for the fertiliser subsidy given in 2022-23 is Rs 2.25 lakh crore.
However the Centre's fertiliser subsidy bill in 2022-23 was Rs 2.54 lakh crore.
Currently, the price of urea is Rs 276 per bag and the price of DAP is Rs 1,350 per bag. The subsidy is likely to benefit around 12 crore farmers

India and Tanzania expanded defence cooperation at the 4th JDCC meeting in Zanzibar, adding new focus on cyber, AI and air force collaboration.
Read More....
Divakar Jayant assumed charge as Director General of Naval Armament, bringing over 33 years of defence service experience.
Read More....
Assam sanctioned ₹50 crore to restore Koch dynasty heritage and promote cultural tourism.
Read More....
India and Kyrgyzstan launched the 13th KHANJAR joint Special Forces exercise in Misamari.
Read More....
IHMCL signed a pact with NFSU to strengthen cyber security in digital highway systems.
Read More....
Indian climber Kabak Yano scaled Mount Aconcagua, advancing her Seven Summits mission.
Read More....
The 6th Badminton Asia Team Championships started in Qingdao with India competing in both events.
Read More....
Moltbook emerged as a global experiment where AI agents interact without human input.
Read More....
Kerala introduced NeophyteID, an AI app for citizen-led tracking of invasive plant species.
Read More....
RBI approved Vinay Tonse as YES Bank’s new MD & CEO for a three-year term.
Read More....

Cabinet approves Rs 1.08 lakh crore fertiliser subsidy for April-September kharif season