India, Nov. 11 -- Chaired by Prime Minister Narendra Modi, the Union Cabinet on Wednesday announced a subsidy of Rs 62,370 crore on phosphatic and potassic (P&K) fertilisers for the 2026-27 rabi season, a 50 per cent increase over the kharif season that just ended, to ensure farmers get crop nutrients at affordable rates amid a sharp rise in the global market.

For this rabi season, the subsidy has been set at Rs 94.21 per kg for nitrogen, Rs 66.11 per kg for phosphorus and Rs 10.42 per kg for Sulphur, while the rate for potash has been left unchanged at Rs 2.38 per kg. Vaishnaw said the tentative budgetary requirement for the rabi season is around Rs 62,370.02 crore, about Rs 24,417.73 crore more than that for rabi 2025-26.

Under the NB...