Topic
subsidy
Business Fertiliser Ministry Seeks 100% Increase in FY27 Subsidy Amid West Asia Crisis
The Indian fertiliser ministry has approached the finance ministry seeking a 100% increase in the fertiliser subsidy budget for FY27, from Rs 1.71 lakh crore, as global prices rise due to the West Asia conflict. Domestic production is increasing, but imports remain significant, with urea imports exceeding 100 lakh tonnes last fiscal. The government assures adequate stocks for the kharif season, with over 51% of requirement already available.
Trade India Allocates Rs 10k Crore to Stabilize Jet Fuel Prices
The Indian government has allocated Rs 10,000 crore to cap aviation turbine fuel prices, aiming to stabilize airfares amid volatile fuel costs. This initiative, effective for 36 months, seeks to support Indian airlines during the West Asia crisis.
Commodities Fertilizer Subsidy Strain Amid Geopolitical Tensions
India's fertilizer subsidy is under pressure as 20% is exhausted within two months due to geopolitical tensions and a below-normal monsoon forecast. The government is taking steps to manage demand and ensure supply.