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02/09/2022

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02/09/2022

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Amid a moderation in global commodity prices and normal monsoon showers in India, concerns about any further flare-up in...
12/08/2022

Amid a moderation in global commodity prices and normal monsoon showers in India, concerns about any further flare-up in inflation or current account deficit (CAD) are easing, a government source said on Thursday. Nevertheless, the government isn’t letting the guard down, the source added.

The centre isn’t planning to slash the fertiliser subsidy rates at the moment, despite having to bear the elevated burden, said the source. It doesn’t wish to add to farmers’ costs of production at this juncture. The government’s fertiliser subsidy Bill is expected to exceed its FY23 budget estimate of Rs1.05 trillion by about Rs 1.4 trillion, as global prices shot up in the wake of the Ukraine war.

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