'Fertiliser subsidy likely to touch Rs 1,02,000 crore'
India's fertiliser subsidy is likely to touch Rs 1,02,000 crore this fiscal, about Rs 14,000 crore less than the revised estimate, even as the government says it remains vigilant to thwart any profiteering strategy of global farm nutrient sellers.
As per the analysis by our team, India will consume more fertilizer this drought year, ironically, enough, then it did the last bumper harvest year, apprehensions that the taxpayer here may be subsidising fertiliser use in Nepal and Bangladesh, more than ever before The assessed requirement of major fertilisers for 2009-10 is a total of 520.45 lakh tonnes, of which 254 lakh tonnes were used in Kharif 2009 alone, when over 270 districts in the country were drought struck and cereal production at an all time low.