-Livemint.com Rural economy has to deal with declining incomes and rising cost of essentials The general consensus on the state of the Indian economy can be summarized as follows: The economy has been in a deep crisis even before the pandemic-led disruptions. Second, the crisis is not a result of supply constraints but is a result of demand deficiency, particularly in the rural economy. Recent evidence suggests that the impact of the slowdown...

-Down to Earth Urea subsidy cut 17%; allocation for NPK subsidy reduced 35%  Amid acute shortage of fertilisers in India, Union finance minister Nirmala Sitharaman February 1, 2022, reduced subsidy on urea and nutrient-based (NPK) fertilisers. The move is expected to adversely hit the ailing farm sector. The Rs 63,222.32 crore allocation for urea subsidy in her Budget for 2022-23 was 17 per cent lower than the revised estimates (RE) for 2021-22. Another...

-The Hindu Business Line This is on the back of swift rise in prices of raw materials and global natural gas India is likely to witness an unprecedented jump in the Central government’s Fertiliser subsidy on the back of swift rise in prices of raw materials and global natural gas. According to ratings agency Crisil, the government’s Fertiliser subsidy bill is likely to be higher by ₹50,000 crore to touch the total...

-IndiaToday.in Even as the coal crisis continues in the country, a urea shortage seems to be the next big problem for several states, especially with the sowing of rabi (winter) crops around the corner. Bhopal /Jaipur /Guwahati /Chandigarh: The coal supply shortage has already threatened possible power outages in India. Several states have reported a shortage and complained of a possible power outage in the coming days, even as the central government...

-Hindustan Times India relies on import of raw materials for crop nutrients as well as finished products and compensates fertiliser companies who sell them at below-inflation rates. The Union government has revamped parts of its subsidy regime for fertilisers and crop nutrients to continue providing them at below-market rates, while rolling over special discounts announced for the summer-sown season to the oncoming winter-sown months, according to an official statement on Thursday. International prices...