Story perspectives

India Unveils INR573 Billion Fund Amid Economic Uncertainties

3/15/2026

Summary

Story summary

In Parliament, Finance Minister Nirmala Sitharaman announced a INR573 billion ($6.20 billion) Economic Stabilisation Fund to manage global economic uncertainties.
The government seeks parliamentary approval for an additional INR2.81 trillion in spending, balanced by savings and increased receipts.
Sitharaman proposed an extra INR192.30 billion for fertilizer subsidies to counter rising costs tied to the Iran conflict.
She assured there would be no shortage of funds for farmers despite these challenges.

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Story summary

In Parliament, Finance Minister Nirmala Sitharaman announced a INR573 billion ($6.20 billion) Economic Stabilisation Fund to manage global economic uncertainties.
The government seeks parliamentary approval for an additional INR2.81 trillion in spending, balanced by savings and increased receipts.
Sitharaman proposed an extra INR192.30 billion for fertilizer subsidies to counter rising costs tied to the Iran conflict.
She assured there would be no shortage of funds for farmers despite these challenges.