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India: Budget for fertilizer subsidy increased for the year 2022-2023

Description

On 24 December 2022, the Indian President provided his assent for the Appropriation (No.5) Act, 2022 which approved an additional budget of INR 14'889.67 crore (~USD 1.8 billion) and INR 8'232.56 cror...

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Intervention Details

Intervention Type

Price stabilisation

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 Dec 2022

Revocation date

31 Mar 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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