The government on Wednesday notified the subsidy on most non-urea fertilisers and kept them unchanged from their 2018-19 levels, except for sulphur, which it raised from Rs 2.72 per kg to Rs 3.56.
The decision will cost the exchequer Rs 22,875 crore in the 2019-20 fiscal year.
A decision in this regard was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi.
“The CCEA approved NBS (nutrient-based subsidy) rates for phosphatic and potassic (P&K) fertilisers for the year 2019-20; expected expenditure during 2019-20 to be Rs 22,875 crore,” information and broadcasting