Union Cabinet approves fertiliser subsidies for Rabi 2026-27

The Union Cabinet approved Nutrient-Based Subsidy (NBS) rates for Phosphatic and Potassic fertilisers for Rabi season 2026-27 (Oct 2026–Mar 2027). The budgetary outlay is ₹62,370 crore, ₹24,417 crore more than last year. PM Modi said the move will shield farmers from international price volatility and ensure affordable fertiliser access.