Comments
The Union Cabinet on Wednesday increased the nutrient based subsidy (NBS) rate for sulphur by 31 per cent to ₹3.562 per kg from ₹2.722 in 2018-19 while keeping that for nitrogen, phosphorus and potassium unchanged.
The NBS subsidy for nitrogen, phosphorus and potassium would remain at ₹18.901, ₹15.216 and ₹11.124 per kg, respectively, an official statement said here.
The subsidy on phosphatic and potassic fertilisers during the current financial year would cost ₹22,875.5 crore to the exchequer, the statement said.
The announcement will help manufacturers and importers formalise supply contracts for fertilisers and fertiliser inputs and make them available to farmers during the current year, it added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.