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

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
Recent Post's
  • Indian-American musician and entrepreneur Chandrika Tandon has won a Grammy Award for her album "Shanti - A Journey of Peace".

    Read More....
  • Shri H Shankar has taken charge as the Managing Director of Chennai Petroleum Corporation Ltd.

    Read More....
  • Prime Minister launches Dhan-Dhaanya Krishi Yojana to enhance agricultural productivity in 100 low crop productivity districts.

    Read More....
  • Canada imposes a 25% tariff on U.S. imports in retaliation to Trump's tariffs.

    Read More....
  • Benjamin Netanyahu appoints Major General Eyal Zamir as the new head of the Israeli Defense Forces.

    Read More....
  • India and Oman agree to amend the Double Taxation Avoidance Agreement to enhance bilateral cooperation.

    Read More....
  • New Zealand's Mount Taranaki has been granted legal personhood, recognizing it as a living entity with rights and responsibilities.

    Read More....
  • The Government of India has appointed Abhinav Gupta as the Additional Director General of the Directorate General of Foreign Trade (DGFT).

    Read More....
  • Former Chief Election Commissioner Navin Chawla Dies At 79.

    Read More....
  • All India Radio and the Ministry of Culture launched the classical music series 'Har Kanth Mein Bharat' to celebrate India's rich musical heritage.

    Read More....