Archive · 27 Jul 2026
Sitharaman Assures Resources for Subsidy Bills
Finance Minister Nirmala Sitharaman said the government has enough money to handle the increased costs of petroleum and fertiliser subsidies.
This is because of higher global prices due to the Middle East conflict.
She mentioned that the government has set aside extra money to deal with these costs and won't need to change the budget.
However, she also noted that the weak monsoon rains and global price increases are adding to inflation pressures.
The Reserve Bank of India expects the economy to grow by 6.6% in 2026-27 despite these challenges.
Finance Minister Nirmala Sitharaman assures adequate resources to manage increased subsidy bills.
Government has buffers to handle higher petroleum and fertiliser subsidy costs without budget adjustments.
Deficient monsoon and global price hikes add to inflation risks.
RBI projects 6.6% economic growth for 2026-27 despite supply chain disruptions and agricultural impacts.
Fertiliser subsidy bill projected to exceed Rs 1.71 lakh crore, petroleum subsidy assistance at Rs 1.23 lakh crore.
- Who
- Finance Minister Nirmala Sitharaman
- What
- Assurance of adequate resources to handle increased subsidy bills
- When
- During the NDTV Profit Business Leadership Awards on Sunday
- Where
- Mumbai
- Why
- To manage increased petroleum and fertiliser subsidy bills due to global price hikes and domestic inflation risks
Government's Financial Preparedness
Economic Challenges Ahead
Resource Buffer
Government's Financial Preparedness
The government has adequate resources to manage increased subsidy bills without adjusting the budget.
Economic Challenges Ahead
Rising subsidy costs and inflation risks pose significant economic challenges.
Inflation Factors
Government's Financial Preparedness
The government is prepared to handle inflation through existing buffers.
Economic Challenges Ahead
Deficient monsoon and global price hikes add to inflation pressures.
- Finance Minister
- Nirmala Sitharaman
- Event
- NDTV Profit Business Leadership Awards
- Fertiliser Subsidy Allocation
- Rs 1.71 lakh crore
- Petroleum Subsidy Assistance
- Rs 1.23 lakh crore
- Projected Economic Growth
- 6.6%
- Inflation Factors
- Deficient monsoon, global price hikes
Sources
Govt has adequate resources to handle spike in petroleum, fertiliser subsidy bills: FM Sitharaman
No need to revisit budget estimates yet: Sitharaman says India has buffers to tackle oil, monsoon risks
