Cabinet approves ₹62,370 crore subsidy for P&K fertilisers for rabi season

The Union Cabinet has approved a subsidy of ₹62,370 crore for phosphatic and potassic (P&K) fertilisers for the upcoming rabi season. Minister Ashwini Vaishnaw stated that global supply chain disruptions have driven up fertiliser prices significantly. This move aims to protect Indian farmers from rising costs and ensure the availability of essential agricultural inputs.