Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
West Asia shock to fertilizer subsidy bill
Mint New Delhi
|June 24, 2025
In case of closure of Strait of Hormuz, imports of fertilizers from countries in the region may get impacted
India's ₹1.68-trillion fertilizer subsidy bill for the current financial year could rise if the crisis in West Asia causes natural gas prices and shipping costs to escalate, even as farmers cheer forecasts of a good monsoon.
While the government makes tentative estimates of the subsidy bill at the beginning of the financial year—based on sowing and irrigated area and past demand—there is an implicit commitment to scale it up to meet unforeseen circumstances.
"Fertilizer prices are expected to go up, which might require higher subsidies," said an official at Indian Farmers Fertilizer Cooperative Ltd (IFFCO). In the past, the government has been making special financial provisions for additional subsidies in case of a spike in global prices.
This story is from the June 24, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
A plan to hunt down digital arrest crooks takes shape
To crack down on surging online financial frauds such as 'digital arrests', a parliamentary panel has recommended that banks use government-issued IDs to trace, freeze and blacklist mule accounts siphoning crores of rupees. Experts call it a crucial first step, but banks warn implementation will be difficult.
3 mins
September 26, 2025
Mint New Delhi
Why this is the toughest test yet for Indian shrimp
As if the 50% tariff imposed by the US was not debilitating enough, Indian shrimp exporters are staring at an additional anti-dumping duty of as much as 40%. How will this impact exporters and the 16 million people dependent on the seafood sector? Mint explains:
2 mins
September 26, 2025
Mint New Delhi
HI-B crisis sparks legal scramble for new HR solutions
Law firms and corporations are racing to tackle the human resources impact of the vexed H-1B matter, after US President Donald Trump's latest immigration crackdown threw India's $283 billion IT sector into turmoil.
3 mins
September 26, 2025
Mint New Delhi
CAFE-3 pitches big relief for small cars
Lower fleet-wise emissions for small cars in latest BEE draft
4 mins
September 26, 2025
Mint New Delhi
Makhana to millets, snack makers tap into mindful munching
Urban Indians' appetite for healthier snacking is growing and no food is off limits as snack-makers race to cash in on the trend.
3 mins
September 25, 2025
Mint New Delhi
What is Trump's problem with paracetamol?
US President Donald Trump has linked the use of over-the-counter painkiller Tylenol (paracetamol) by pregnant women to an increased risk of autism in children, leading to widespread alarm.
2 mins
September 25, 2025
Mint New Delhi
New highway builders may toll older parallel roads too
Highway developers winning new projects may also be allowed to operate older parallel roads and charge tolls on them, in an effort to reduce toll leakage and attract more investors.
2 mins
September 25, 2025
Mint New Delhi
Govt unwraps $8 bn outlay to buoy ports, shipping
India is setting sail on its biggest maritime bet yet, with the Union cabinet on Wednesday unveiling an incentive package of ₹69,725 crore or about $8 billion for the shipping and ports industry.
3 mins
September 25, 2025
Mint New Delhi
Large exposure rule begins to squeeze corporate lending
A six-year-old Reserve Bank of India (RBI) rule meant to keep a check on banks' lending to large corporate groups is once again causing heartburn for lenders.
3 mins
September 25, 2025
Mint New Delhi
Insolvency relief for homebuyers soon
Separating troubled projects, early house registration proposed
3 mins
September 25, 2025
Listen
Translate
Change font size