Govt considering Rs 28,600 cr increase in fertiliser subsidy: Report

India is likely to provide additional Rs 286 billion ($3.8 billion) to fertilizer companies as compensation for selling products at lower than market prices to farmers, people with the knowledge of the matter said.

A cabinet meeting chaired by Prime Minister Narendra Modi may approve the enhanced subsidy for winter-sown crops as early as this week, the people said, asking not to be identified as the matter is not public. The fixed subsidy on of Di-ammonium Phosphate is being raised to 1,650 rupees per bag from 1,200 rupees now. 

There will be no price change for farmers, the people said, as the