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of <h1>Government Approves 2021-22 Subsidy Rates for Phosphatic and Potassic Fertilizers Amid Rising Global Costs.</h1> The Cabinet Committee on Economic Affairs, led by the Prime Minister, approved the Nutrient Based Subsidy (NBS) rates for Phosphatic and Potassic fertilizers for 2021-22. The government aims to provide these fertilizers at subsidized prices to farmers, despite rising international costs. The NBS scheme, effective since 2010, ensures affordable fertilizer prices by subsidizing manufacturers. Due to increased global prices and the COVID-19 impact, the government has temporarily raised subsidy rates, maintaining last year's prices for farmers. This measure, part of a COVID-19 relief package, incurs an estimated additional subsidy burden of Rs. 14,775 crore.
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