According to Fertiliser Minister Mansukh Mandaviya, while the amount of fertiliser subsidy is lower compared to last year, farmers will not have to pay more as prices have come down.
“If inflation is 5 percent and GDP growth is likely at 5.5 percent, nominal GDP growth of 10.5 percent is likely with a tax buoyancy of 1. The government is not optimistic but realistic.
While India continues to ban key agricultural futures contracts, labelling them as a villain in food inflation, Indonesia has been planning to encourage the domestic futures market to channelise local supplies and exports of Crude Palm Oil (CPO)