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FERTILISER SUBSIDY BILL LIKELY TO FALL UP TO 34 PC TO RS 1.8 LAKH Cr THIS FISCAL: MANDAVIYA
The Daily Guardian
|January 18, 2024
The government's fertiliser subsidy bill is likely to decline 30-34 per cent to Rs 1.71.8 lakh crore this fiscal due to fall in global prices and lower imports of urea, Union Minister Mansukh Mandaviya said on Wednesday.
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Asked about any adverse impact on imports due to problems in Red sea, the minister asserted "there is no shortage of fertilisers in the country".
Addressing a press conference, chemicals and fertilizers minister Mansukh Mandaviya highlighted that the urea imports are estimated at 40-50 lakh tonnes this fiscal, lower from around 75 lakh tonnes imported in the previous year, helped by higher domestic production and increased use of nano liquid urea.
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