Follow us on   Twitter   Facebook   Explore Trade Now Feedback
Budget 2016 »Budget Expectations»Budget Expectations Details
Budget Expectations Details
Back

Budget 2016 : Food ministry seeks $14 billion in subsidies for 2016/17

Reuters / New Delhi 25 Feb 16 | 12:20 PM
162 Replies

The food ministry wants 140 trillion rupees ($14.60 billion) in subsidies for the next fiscal year, a rise of 13% from the previous year, to run a mammoth food welfare programme after two successive droughts, said a senior government official.

Although Prime Minister Narendra Modi is implementing the expensive food welfare plan approved by his predecessor Manmohan Singh, his government is trying to rein in overall subsidies to focus on investment in manufacturing and infrastructure.

Read our full coverage on Union Budget 2016"In its previous budget, the government had allocated 124 trillion rupees as food subsidy for 2015/16 but we now need 140 trillion for next year. Let's see what's in store for us in the budget," the source, who did not wish to be named, told Reuters.

On Monday, Finance Minister Arun Jaitley will present his annual budget for the 2016/17 fiscal year starting in April.

ALSO READ: Budget 2016: Alternative Investment Funds want parity on taxation

The source also said there was an outstanding food subsidy bill amounting to about 560 billion rupees that still has to be settled by the finance ministry. The ministry expects the subsidy bills could be staggered over next 2-3 years.

The previous Congress-led government approved the National Food Security Act (NFSA) in August 2013. India's 29 states and seven union territories had to implement it within a year.

After missing several deadlines, most states will roll out the NFSA, which promises ultra-cheap rice and wheat to 67% of India's 1.2 billion people, from April 1.




162 Replies

Comments

    16 Apr 21 at 12:36 PM
By: Paulojimmathew

Usually I never comment on sites, but this one is so good. I just want to congratulate your works. Keep it up บาคาร่าออนไลน์

    15 Apr 21 at 01:14 AM
By: Roma

It is very good, but look at the information at this address. Legit Marijuana online dispensary

    15 Apr 21 at 12:42 AM
By: Flex

Nice information, valuable and excellent design, as share good stuff with good ideas and concepts, lots of great information and inspiration, both of which I need, thanks to offer such a helpful information here. Fortnite Skins Generator

    14 Apr 21 at 05:49 AM
By: Diana

Very good topic, similar texts are I do not know if they are as good as your work out. rbxhouse.com

    13 Apr 21 at 12:55 PM
By: Paulojimmathew

Impressive!Thanks for giving me an idea to my site. Ill be following your works from now on. Hoping for your success. บาคาร่า

    13 Apr 21 at 12:53 PM
By: sad

sdfาร่sdf [url=https://www.kagider.org/] sdfาร่sdf[/url] [https://www.kagider.org/ sdfาร่sdf]

    09 Apr 21 at 12:52 AM
By: Flex

"Review for Emma- By Hard Talk of an experience to remember and my encounter with Emma was definitely one! I didn’t choose her; the agency did when I told the guy in charge that I just need a soothing experience with the liveliest girl available. Emma was their recommendation, so I checked her profile up and I was sold on seeing her boobies. I get turned on by a nice rack and Emma’s was perfect. She arrived for our meeting in time, very classy in her looks; we had dinner and rendezvoused to my room where I had my first sexual encounter with an Asian babe. It was amazing and I’m wondering why I waited that long! This agency lives up to its hype, and if all girls are like Emma then there’s obviously going to be a next time for me!" asian escorts in nyc

    07 Apr 21 at 01:35 AM
By: Diana

You possess lifted an essential offspring..Blesss for using..I would want to study better latest transactions from this blog..preserve posting.. Arby's happy hour

    06 Apr 21 at 04:51 PM
By: Romecy

At this point you'll find out what is important, it all gives a url to the appealing page: how tall is Ben Shapiro

    05 Apr 21 at 09:01 PM
By: Roma

I am interested in such topics so I will address page where it is cool described. best casein protein powders

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | | Next




Leave a reply


Name: 
Email: * 
Comment: *
(Max. 1000 characters)
 
Word Verification: * 
 Comment 

Related Stories

    Quick Jump

    Budget Glossary

    • Appropriation Bill: It is presented to Parliament for its approval, so that the government can withdraw from the Consolidated Fund the amounts required for meeting the expenditure charged on the Consolidated Fund. No amount can be withdrawn from the Consolidated Fund till the Appropriation Bill is voted is enacted.

    Budget Trivia

    • Pranab Mukherjee's first Budget in 1982 included one provision that set the stage for India Inc's most celebrated takeover battle.
    Widgets Magazine