New Delhi, Nov. 11 -- The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Nutrient-Based Subsidy (NBS) rates for Phosphatic and Potassic (P&K) fertilisers for the Rabi 2026-27 season, with a tentative subsidy requirement of Rs 62,370.02 crore, an increase of around 64 per cent over the previous year.

According to the Cabinet's decision, the subsidy requirement for the Rabi 2026-27 season is approximately Rs 24,417.73 crore higher than the Rs 37,952.29 crore allocated for the corresponding season in 2025-26.

"The tentative budgetary requirement for Rabi 2026-27 would be approximately Rs.62,370.02 crore. This is approximate Rs.24,417.73 crore more than the budgetary requirement for Rabi 2025-26 season," t...