Finance ministry favors subsidy cuts to expand fiscal room1 min read 31 Jan 2020, 12:06 PM IST
Rationalization of subsidies such as on food allowances could be a key tool for expanding fiscal headroom, people familiar with the matter said
The government had budgeted ₹1.84 trillion for food subsidies in the year to March, making up more than half of the nation’s ₹3 trillion subsidy bill
NEW DELHI : India’s finance ministry officials recommended the government cut some subsidies and reallocate spending to sectors where it can help spur demand in the economy, according to people familiar with the matter.
Select your Category