Cabinet Approves NBS Rates for Kharif 2026, Jaipur Metro Phase-II, and HRRL Refinery Expansion
In April 2026, the Union Cabinet, chaired by Prime Minister (PM) Narendra Modi, approved a series of significant proposals aimed to strengthen India’s agricultural support systems, enhance urban infrastructure, and boost energy security.
Key Approvals:
NBS rates for Kharif Season, 2026 on P&K fertilizers: The Union Cabinet approved the proposal of the Department of Fertilizers (DoF) which works under the Ministry of Chemicals and Fertilizers (MoC&F), for fixing the Nutrient Based Subsidy (NBS) rates for Kharif Season, 2026, starting from April 01, 2026 to September 30, 2026, on P&K fertilizers, with tentative budgetary allocation of Rs.41,533.81 crore.
Jaipur Metro Project Phase-2: The Union Cabinet has also approved Jaipur Metro Phase-2, a 41 kilometer (km) long corridor connecting Prahladpura to Todi Mod, with an estimated cost Rs 13,037.66 crore.
Revised Cost for HRRL Project in Rajasthan: The Cabinet Committee on Economic Affairs (CCEA), chaired by the PM Narendra Modi has approved the revised cost of HPCL Rajasthan Refinery Limited (HRRL) project cost from Rs. 43,129 Crore to Rs.79,459 Crore.
In April 2026, the Union Cabinet, chaired by Prime Minister (PM) Narendra Modi, approved a series of significant proposals aimed to strengthen India’s agricultural support systems, enhance urban infrastructure, and boost energy security.
Key Approvals:
NBS rates for Kharif Season, 2026 on P&K fertilizers: The Union Cabinet approved the proposal of the Department of Fertilizers (DoF) which works under the Ministry of Chemicals and Fertilizers (MoC&F), for fixing the Nutrient Based Subsidy (NBS) rates for Kharif Season, 2026, starting from April 01, 2026 to September 30, 2026, on P&K fertilizers, with tentative budgetary allocation of Rs.41,533.81 crore.
Jaipur Metro Project Phase-2: The Union Cabinet has also approved Jaipur Metro Phase-2, a 41 kilometer (km) long corridor connecting Prahladpura to Todi Mod, with an estimated cost Rs 13,037.66 crore.
Revised Cost for HRRL Project in Rajasthan: The Cabinet Committee on Economic Affairs (CCEA), chaired by the PM Narendra Modi has approved the revised cost of HPCL Rajasthan Refinery Limited (HRRL) project cost from Rs. 43,129 Crore to Rs.79,459 Crore.
- In addition, Hindustan Petroleum Corporation Limited (HPCL) will invest additional equity investment of Rs.8,962 crore, following this, the total equity investment by HPCL reaches to Rs.19,600 crore.
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