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- Rajasthan Refinery Project Gets ₹79,459 Cr Nod; DAP Bag ₹1,350 For Farmers
New Delhi17 minutes ago
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Projects and proposals worth ₹1.74 lakh crore have been approved in the Union Cabinet meeting today i.e. on 8th April. These decisions include agriculture, energy and urban transport.
1. Fertilizer subsidy of ₹41,534 crore for Kharif 2026
The Cabinet has approved the NBS scheme for Kharif season 2026. The government will spend about Rs 41,533 crore on phosphatic and potash fertilizers. This is about ₹4,317 crore more than last year’s budget. The new rates will be applicable from April 1 to September 30.
The purpose of this decision of the government is to protect the farmers from the fluctuations in the prices of raw materials in the international market. DAP prices have increased rapidly after Corona, but the government has kept the retail price for farmers stable at ₹ 1,350 per 50 kg bag.
2. Rajasthan Refinery Project will cost ₹79,459 crore
Government has approved the revised cost for HPCL Rajasthan Refinery Project. Now ₹79,459 crore will be spent on this project. Located at Pachpadra in Balotra district of Rajasthan, this refinery will have a capacity of 9 MMTPA. Operations can start from July.
3. Connectivity will increase in Jaipur Metro Phase-2 by ₹ 13,038 crore
Phase-2 has been approved for metro expansion in Rajasthan’s capital Jaipur. Under this project costing ₹13,038 crore, a 41 km long corridor will be built from Prahladpura to Todi Mod. This will improve the transport system in Jaipur and surrounding areas.
4. Two big projects worth ₹40,000 crore for hydropower sector
For energy security, the Cabinet has also approved two big hydro electric projects. Kamala Hydro Electric Project with 1,720 MW capacity will cost ₹26,070 crore. Whereas ₹14,106 crore will be spent on the 1,200 MW Kalai-II Hydro Electric Project.
knowledge part
- What is NBS: The full name of NBS is Nutrient Based Subsidy. This scheme is in force since 2010. The government gives money to companies according to the amount of nitrogen, phosphorus, potash and sulfur present in the bag of fertilizer. Due to this, even if the price of raw material increases in the international market, the price of the bag received by the farmers does not increase.
- Why hydropower is important: Hydroelectricity is not just a means of generating electricity, but it is very important for energy security. It does not emit smoke like coal. The water from the dams built for these projects is later used for irrigation and drinking purposes.
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