Govt's fertiliser subsidy bill to jump by ₹40,000 cr: Crisil
Continued surge in the price of gas has necessitated further subsidy, says Crisil.
Continued surge in the price of gas has necessitated further subsidy, says Crisil.
The additional spending also includes servicing loans taken from the National Small Savings Funds (NSSF) for Pradhan Mantri Awas Yojana, among other heads.
Ind-Ra estimates that higher food, fertiliser and oil prices are likely to put pressure on the subsidy allocation by the Indian government.
Specific products that will enjoy the benefits under the scheme have been identified, and the industry consultations are over.