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Q:

The central government announced a net subsidy of how many crore rupees on Phosphatic and Potash (P&K) fertilizers on October 12, 2021?

  • 1
    Rs 18,655 crore
  • 2
    Rs 28,655 crore
  • 3
    Rs 38,655 crore
  • 4
    Rs 10,655 crore
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Answer : 2. "Rs 28,655 crore"
Explanation :

The government on Tuesday (October 12, 2021) announced a net subsidy of Rs 28,655 crore on Phosphatic and Potash (P&K) fertilizers so that farmers can get them at cheaper prices during the Rabi sowing season. Additional subsidy of Rs 28,655 crore will be available on phosphate and potash. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved nutrient-based subsidy rates for P&K fertilizers from October 1, 2021 to March 31, 2022. The rate for NBS (Nutrient Based Subsidy) has also been announced.

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