<h1>Indian Government Approves Rs. 10,000 Crore Special Banking Arrangement to Settle 2016-17 Fertilizer Subsidy Claims.</h1> The Cabinet Committee on Economic Affairs, led by the Prime Minister, approved a Special Banking Arrangement (SBA) of Rs. 10,000 crore to clear outstanding fertilizer subsidy claims for 2016-17. The arrangement involved a loan of Rs. 9,969 crore from the State Bank of India, with the government covering an interest liability of Rs. 80.90 crore. This SBA aimed to alleviate liquidity issues faced by fertilizer companies. The government provides fertilizers at subsidized rates, and the Ministry of Finance had sanctioned the SBA with interest limited to the G-Sec rate. The loan and interest were repaid from the 2017-18 budget.