Cabinet Clears Fertiliser Subsidy Cut; PLI Scheme For IT Hardware

he Cabinet is said to have given its approval for a significant 35 percent cut in the nutrient-based subsidy for fertilisers, CNBC-Awaaz reported citing sources. The decision is expected to have a considerable impact on the agriculture sector and fertiliser industry, they said.

Furthermore, the cabinet is also believed to have sanctioned a subsidy reduction for DAP (Diammonium Phosphate) and MOP (Muriate of Potash) fertilisers.

Reportedly, the specific details of the subsidy reduction for these fertilisers are yet to be disclosed, but it is anticipated that this move will have far-reaching implications for farmers and the overall fertiliser market.