Friday, January 31, 2025 | 07:59 PM ISTEN Hindi

Economy

Home / Economy / News / Dept of Expenditure warns against extending the free food scheme: Report

Dept of Expenditure warns against extending the free food scheme: Report

In an internal note, the FinMin's Dept of Expenditure has warned that extension of the free food scheme beyond September or any more tax cuts will have consequences for the Centre's fiscal situation

New Delhi: Union Finance Minister Nirmala Sitharaman during 'iconic week celebration' of the Ministry of Finance, in New Delhi, Monday, June 6, 2022. (PTI Photo

Premium

Union Finance Minister Nirmala Sitharaman last month announced excise duty cut of Rs 8/litre on petrol and Rs 6/litre on diesel.

BS Web Team New Delhi

2 min read Last Updated : Jun 24 2022 | 9:41 AM IST

The finance ministry's Department of Expenditure has argued against extending the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) beyond September or announcing any significant tax cuts, warning of the consequences for the Centre's fiscal position, a news report said.

The government in March extended the PMGKAY, the free food ration scheme rolled out during the Covid-led lockdown, for six months till

Topics : Fiscal Deficit Nirmala Sitharaman Inflation Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) indian government subsidy Food subsidy fertiliser subsidy LPG subsidy Finance Ministry GDP

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in