Food Subsidy Bill

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  Subsidy Bill Nears Rs 6 Lakh Crore In Financial Year 2021

  The government's subsidies on food, fertilisers, LPG and kerosene are pegged at Rs 5.96 lakh crore in the current fiscal, over 2.5-fold jump from the initial budget estimates as the Centre distributed additional foodgrains free of cost to help poor mitigate the impact of COVID-19 pandemic.

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  Budget 2019: Economic Survey For Rationalisation Of Burgeoning Food Subsidy Bill

  The food subsidy bill has "risen substantially" over the years because of widening of the gap between the economic cost and the central issue price.

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  Major Subsidies Outgo In April-May At 39% Of Budget Estimate

  According to the Controller General of Accounts figures, food subsidy has touched Rs 77,388.07 crore as on May 2019, which is 42 per cent of the BE

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  Parliament Gets Rs 16.4 Crore Bill For Canteens Run By Railways

  Northern Railway has demanded Rs 16.43 crore from the Lok Sabha secretariat for running four canteens in Parliament -- where food prices are significantly low -- during 2017-18, an RTI query has revealed.

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  Opinion: Budget Signals No Achhe Din For Those Looking For Jobs

  All budgets are associated with a sense of resources being scarce and there being trade-offs among competing ends. However, unlike individuals or organisations, government budgets are different. The most obvious reason is that the government constitutes a huge part of the economy. For example, in the latest budget, government expenditure is 13%, an...

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  Food Ministry Seeks $20 Billion in Subsidies for 2016/17: Report

  India's food ministry wants Rs 1.40 lakh crore ($20.40 billion) in subsidies for the next fiscal year, a rise of 13 per cent from the previous year, to run a mammoth food welfare programme after two successive droughts, said a senior government official.

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  Food Subsidy: Government Mulls Raising Rs 40,000 Crore from LIC

  Faced with a shortage of funds to meet the food subsidy bill, the government on Tuesday said it is examining a proposal to raise Rs 40,000 crore via long-term bonds from Life Insurance Corporation (LIC) to liquidate the subsidy arrears.

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  As Centre Moves Quietly to Replace Subsidised Foodgrain With Cash, States Object

  Even as the government finds itself under fire for the Land Acquisition Ordinance, there are now concerns over whether it is choosing a backdoor route of making food subsidy payments by cash transfers.

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  Government Not to Cut Multi-Billion Dollar Food Subsidy: Report

  A panel set up by Prime Minister Narendra Modi last month urged the government to lower the number of beneficiaries to 40 per cent from 67 per cent as part of efforts to trim the $18.64 billion food subsidy bill that drains stretched state finances.

• Budget 2014: Jaitley Raises Subsidy Bill but Promises Overhaul of Grants

  The subsidy bill on food, petroleum and fertilisers is estimated at Rs 2, 51,397.25 crore crore for 2014-15, according to the Budget proposals presented by the Finance Minister in Parliament. The bill was Rs 2, 45,451.50 crore in the revised estimates for 2013-14.

• Interim Budget 2014: Subsidy bill pegged marginally higher at Rs 2.5 lakh crore

  The government has increased the food subsidy by a whopping Rs 23,000 crore to Rs 1,15,000 crore for 2014-15 fiscal mainly for implementation of the National Food Security law.

• Historic WTO deal on India's terms, food security stand prevails

  India today achieved a major victory for its food security stand in Bali with the World Trade Organisation or WTO agreeing to provide food subsidy without any punitive action.

• India inflation and fiscal metrics remain weaker than peers: Moody's

  A higher subsidy burden and lower growth will weaken the country's fiscal metrics, analyst Atsi Sheth said.

• Budgeted subsidy will cover food spending: Finance Minister

  Budgeted food subsidy of Rs 90,000 crore is adequate to take care of the cost of the rollout of a plan to provide cheap food grains to the poor this fiscal year, Finance Minister P Chidambaram said on Thursday.

• Why Chidambaram says govt can foot the Food Security Bill: 10 facts

  Amid concerns that the country's fragile economy cannot bear the Rs 1.25 lakh crore burden of the food security scheme, sources have told NDTV that the government will not spend more than the Rs 90,000 crore already budgeted for food subsidy to fund the welfare programme.