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Get latest articles and stories on Business at LatestLY. Subsidies on fertiliser and food for 2023-24 (April-March) have been reduced by 22 per cent and 31 per cent each in comparison to the revised budget estimates for the current financial year ending March 2023. Business News | Budget 2023: Subsidies on Fertiliser Reduced by 22 Pc, Food 31 Pc.