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%.
By turning a blind eye to the snakes in his own backyard, Trudeau is setting the stage for a disaster of epic proportions for his country, his people, and the world at large.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
While there are patrolling points (PP) 10, 11, 12, 12A and 13 in the Depsang Plains, the patrol in the region Monday was carried out to only one point as decided by India and China.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
COMMENTS