Subsidies

Compliant with localisation norms under FAME II: Okinawa MD Sharma

Co submitted requisite documents; awaiting meeting with MHI; at an industry level subsidy worth Rs 1,500 cr held up

Domestic gas cylinder prices up by 56% in 4 years; hefty drop in subsidy

The retail selling price (RSP) of a domestic LPG cylinder (14.2 Kg) on April 1, 2019 was Rs 706.50 which increased to Rs 744 in 2020, Rs 809 in 2021 and Rs 949.50 in 2022

Centre planning to introduce measures to bring down fertiliser subsidy

Centre's focus is to bring down the cost of gas which is a key component for production of urea. Information from official sources indicated that bids, some of which stood at more than $30

Fiscal deficit target for FY24 to be kept at 5.8-5.9% in Budget: Report

The fiscal deficit is expected to remain much larger than the 4-4.5 per cent of the GDP that was usual for decades

Despite support from Centre, big states lagged on capex in FY23

Due to crucial state elections in 2022 and 2023, many state administrations chose to focus on scheme and subsidy spending

Over 4 million consumers apply for Delhi govt's electricity scheme subsidy

More than 40 lakh of the national capital's 57.60 lakh domestic power consumers have applied for subsidies under the Delhi government's free electricity scheme till Tuesday, government data showed. The data also showed 47 lakh consumers received subsidies when consumers didn't need to apply for the scheme. The Delhi government revamped its subsidy scheme to make it mandatory for domestic consumers to apply to avail of the benefit. Chief Minister Arvind Kejriwal had earlier announced that from October, only those consumers who apply for power subsidy would get it. As of Tuesday evening, 40,28,915 consumers have applied for the subsidy. These include 9.88 lakh consumers of BSES Yamuna Power Limited, 18.28 lakh BSES Rajdhani Power Limited consumers and 11.28 lakh Tata Power Delhi Distribution Limited consumers. Another 13,882 consumers under the New Delhi Municipal Council area have also applied, the official figures revealed. "Only those consumers who submitted their applications til

Cash-strapped states pulled out of flagship PMFBY, says Centre

Centre willing to make additional pro-farmer changes in response to climate change

BS Number Wise: Old scheme puts burden of employee pension on the states

Some governments are seeking short-term benefits to finance their bills, risking their financial security

India's April-July fiscal deficit recorded at 20.5% of FY23 target

The centre spent Rs 1.1 trillion or 35% of the full year's estimate for food, fertiliser and petroleum subsidies

Bengal received Rs 2,000 cr investment proposals in food processing sector

West Bengal has received investment proposals worth Rs 2000 crore in the food processing sector and the state may consider raising the subsidy in future from the current levels, West Bengal Food Processing Minister Subrata Saha said on Friday. The minister, who was speaking at the inauguration of the 19th International Foodtech Kolkata 2022 exhibition, said that since the Bengal Global Business Summit 2022 in April over 50 memorandum of understanding of more than Rs 2000 crore have been signed with various domestic and foreign enterprises. The state has passed a proposal to grant subsidies of up to Rs 10 lakh to enterprises setting up projects in the food processing sector in Bengal, the minister said. This subsidy may be increased in future to reach out and attract investments, Saha stated. The three-day mega business to business event is being participated by packaging, confectionery, bakery, dairy and hotel and allied services sectors. Director of Food Processing Industries of

Discuss freebies and also the subsidies to industries

No doubt, the so-called freebies to the poor must be discussed but the subsidies to the industries must also be discussed in depth

Aadhaar number mandatory for availing of govt subsidies and benefits

Under Section 7 of the Aadhaar Act, a person not assigned an Aadhaar number "shall be offered alternative and viable means of identification for delivery of the subsidy, benefit or service"

Need to fix the concept of food subsidies to tackle world hunger crisis

Subsidizing food is largely not an activity that involves the world's poorest people who are most at risk of hunger, but its richest and most amply-fed

Over Rs 1-trillion freebies announced by state govts, shows data

The recurring theme of power as a key component of subsidies also shows up in the overall numbers

Ensuring nutrition security

Food safety programmes need adjustments

Punjab power subsidy at multi-year high, other sops in focus in new budget

Punjab's new budget promises sops that may delay the state's date with fiscal prudence

Finance Ministry allows govt departments to carry over quarterly spending

The FinMin's missive to various departments comes at a time when the Centre's fiscal balance for FY23 is under immense pressure

States doling out competitive subsidies on brink of fiscal collapse: Report

India Ratings has said five states, led by Punjab, are on the brink of a deep fiscal crisis as their subsidies are much higher than sustainable levels in terms of a percentage of GSDP

India Post warns against fake websites claiming to provide subsidies

It is also requested the common public not share any personally identifiable information such as date of birth, account numbers, mobile numbers, place of Birth and OTP, etc

BS Number Wise: Indian states are living dangerously on subsidies

Their tax revenues can't keep up with their largesse: it's a policy that risks putting them in economic peril