Centre spent around Rs 1.25 lakh crore on fertiliser subsidies in last financial year. Disruption of ammonia supplies from Russia likely to push bill up to Rs 2 lakh crore this year.
Food subsidy was cut by more than 27% & fertiliser subsidy by nearly 25% from revised estimates for 2021-22, while sectors like fisheries & animal husbandry saw major increases.
India is one of the worst affected by worldwide fertilizer crisis. Crop nutrients' prices soared as tight coal & natural gas supplies forced fertilizer plants in Europe to close.
Di-ammonium phosphate fertilisers are the second most popular in India after urea, and on 19 May, govt decided to increase the subsidy on them by 140%.
MGNREGA’s core strength was: if you needed work, you got work. VB-GRAMG’s funding model means work will only be available if a state has the budget and the Centre has approved the allocation.
RBI Handbook of Statistics shows state’s GSDP has more than doubled in past decade, finishing second behind Maharashtra. It has performed well across health & education parameters as well.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
COMMENTS