Sunday, July 3, 2022
IndiaCentre Providing Additional subsidy to protect farmers from rising fertilizer prices

Centre Providing Additional subsidy to protect farmers from rising fertilizer prices

Union Finance Minister Nirmala Sitharaman has said that the government is committed to ensuring that the prices of essential commodities are kept under control.

New Delhi: Announcing the reduction of excise duty on petrol and diesel, Union Finance Minister Nirmala Sitharaman said the fertilizer subsidy to farmers across the country would be increased from Rs 1 crore to Rs 10 lakh crore.

She had earlier said in his Twitter post that the central budget had announced an additional Rs 1.05 lakh crore in fertilizer subsidy.

As the world recovers from the corona epidemic, the Ukraine-Russia conflict, the supply chain crisis and She said it has brought about a shortage of materials.

Union Finance Minister noted that this has led to inflation and economic crisis in many countries.

Despite the challenging international situation, there is no shortage of essential commodities in India She also said that the central government has confirmed.


Read Also | Centre Reduces Steel, Fuel, Gas Cylinder, Cement Prices say Nirmala Sitharaman


“We are committed to ensuring that the prices of essential commodities are kept under control,” She said.

The Union Finance Minister said that the Narendra Modi-led government was committed to the welfare of the poor.

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