2024-02-01 03:48:23 pm | Source: Reuters
Goverment allocates 4.55 trillion rupees for food, fertiliser, employment subsidies
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)
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Department of Commerce introduces Diamond Imprest Au...
Daily Commodity Market Outlook 22.01.2025 by Mr. An...
TCS soars on the bourses
Hiring in India up by 31 pc in Dec, AI job market bo...
Stock Picks : Reliance Industries Ltd and DLF Ltd By...
India witnesses 8 pc jump in average flat size in 20...
Stock of the day : Aditya Birla Fashion and Retail L...
Pre-Budget Quote on OTT and Entertainment Sector by ...
Spot Silver is likely to rise further towards $31.20...
Pre-budget expectation Quote on Retail Industry by V...
