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%.
The Indian fashion design industry had a market value of approximately ₹15.1 lakh crore in 2023 and is expected to reach around Rs 45.3 lakh crore by 2032.
After lapses exposed by terror attacks at Pahalgam and Delhi's Red Fort, Centre has hiked Intelligence Bureau's expenditure for investments in long-term assets from Rs 257 cr to Rs 2,549 cr.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
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