Announcement
21 May 2022
On 21 May 2022, the Indian Minister of Finance announced that an additional INR 1'100'000 crore subsidy will be provided on fertilizers for the year 2022-2023. The additional budget was approved on 24 December 2022.
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Number of interventions
4
4 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
24 Dec 2022
Revocation date:
31 Mar 2023
Updated: 21 May 2022
Production subsidy
On 24 December 2022, the Indian President provided his assent for the Appropriation (No.5) Act, 2022 which approved a subsidy of INR 86'164.56 crore (~USD 9.43 billion) for the purchase of urea by ...
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Updated: 21 May 2022
Price stabilisation
On 24 December 2022, the Indian President provided his assent for the Appropriation (No.5) Act, 2022 which approved an additional budget of INR 71'860.41 crore (~USD 8.7 billion) and INR 14'304.15 ...
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Updated: 21 May 2022
Price stabilisation
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 c...
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Updated: 21 May 2022
Production subsidy
On 24 December 2022, the Indian President provided his assent for the Appropriation (No.5) Act, 2022 which approved a subsidy of INR 23'122.23 crore (~USD 2.8 billion) for the purchase of P&K ferti...
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