The government has cut the fertiliser subsidy for FY24 by about 22 percent from FY23, tracking the easing input costs. However, the fall in raw material prices has accelerated since the Union Budget was presented on February 1. Consequently, the government’s actual expenditure on fertiliser subsidy can fall below the budget estimates in FY24. In India, prices of ammonia, a key feedstock for urea manufacturing, declined 12 percent month-on-month in February. Prices dropped further in March pulling down the urea...
Moneycontrol Pro Panorama | Pharma companies to get inflation booster in FY24
Mar 28, 2023 / 02:26 PM IST
In today’s edition of Moneycontrol Pro Panorama: India must build consensus on climate funding, fertiliser subsidy likely to dro...Read Now
To read the full story, Subscribe to Moneycontrol PRO
Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience
Already a member? Sign in
Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to
Ad free experience
Experience a non-intrusive navigation and faster response in the ad free mode
Access to 230+ exclusive stories per month from our editorial and Experts
Have a Global edge with access to content from world renowned experts and journalist
Access to 40+ weekly investment ideas including 4 daily technical calls
Exclusive access to live webinars from market experts on trading and investment strategies
Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.
Get upto 50% discount on limited period offers