Fertiliser Ministry Proposes Doubling Subsidy Budget Amid Global Price Volatility
The Indian Ministry of Chemicals and Fertilisers has formally requested a 100% increase in the fertiliser subsidy allocation for the 2026-27 fiscal year, aiming to raise the budget to Rs 3.42 lakh crore. This aggressive fiscal proposal, submitted to the Finance Ministry this week in New Delhi, seeks to address the mounting financial pressure caused…