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via thehindubusinessline.comEconomy

Crude oil near $120, intensifying headwinds for the economy; fertiliser subsidy outgo rising

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

Union Budget has estimated fertiliser subsidy at ₹1.70 lakh crore. However, according to Controller General of Accounts (CGA), outgo has already crossed ₹1.03 lakh crore in first five months.

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishCrude near $120 weighs on inflation and growth, with effects on energy markets and currencies.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Crude oil is near $120 according to the article.
  2. 02The Controller General of Accounts says fertiliser subsidy outgo crossed ₹1.03 lakh crore in five months.
  3. 03The Union Budget estimated the fertiliser subsidy at ₹1.70 lakh crore.

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