Goverment allocates 4.55 trillion rupees for food, fertiliser, employment subsidies
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India will spend 4.55 trillion rupees ($54.84 billion) on subsidies for food, fertilisers and rural employment schemes in the fiscal year starting April 1, down 7% from the current financial year, an official budget document showed on Thursday.
The Asian country has budgeted food subsidy for the financial year starting April 1 at 2.05 trillion rupees, a decrease of 3.3% from this year's estimated 2.12 trillion rupees.
The fertiliser bill declined by 13% to 1.63 trillion rupees from an estimated 1.88 trillion rupees for the ongoing financial year.
The outgo on the Mahatma Gandhi National Rural Employment scheme, India's biggest job guarantee scheme, was unchanged at 860 billion rupees. ($1 = 82.9750 Indian rupees)
