Cupboard Assembly On Subsidy: Earlier than the sowing of paddy and different crops in Kharif season, a reduction information is predicted for the farmers. Within the cupboard assembly to be held at the moment, it might be determined to extend the subsidy given on fertilizers for the Kharif season.
Authorities can determine on rising subsidy
By rising the subsidy, the costs of fertilizers obtainable to farmers won’t enhance and it is going to be doable for them to get fertilizer on the previous value. In response to authorities sources, the costs of fertilizers have been rising repeatedly since January final yr within the worldwide market, attributable to which the costs of meals within the nation are anticipated to rise. Additionally, the import of fertilizers in India has additionally been affected because of the struggle between Russia and Ukraine. In such a state of affairs, by rising the subsidy given on fertilizer, the worth will probably be prevented from rising.
There will probably be no scarcity of fertilizers
In response to sources, this yr regardless of the adversarial international situations, there will probably be no scarcity of fertilizers. Sources stated that this yr there’s a demand of 354 lakh tonnes of fertilizer within the Kharif season (the sowing of which begins in June-July month) whereas its availability is estimated to be 485 lakh tonnes. This contains each home and imported fertilizers.
Announcement of discount in subsidy on fertilizers within the finances
Within the month of February, when the federal government offered the finances, it had additionally introduced an enormous lower within the subsidy on fertilizers. Within the finances speech, Finance Minister Nirmala Sitharaman had allotted 63 thousand 222 crore rupees for urea subsidy.
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