Page 2 - Food Subsidy

Centre set to offer wheat to millers, biscuit makers to tame prices: Report

Wheat prices have surged in India this year after a sudden rise in temperatures hit crop yields and output

Govt seeks approval for Rs 4.36 trillion additional spending in FY23

Fertiliser, food subsidies, payments to OMCs for LPG dominated supplementary demand

PMGKAY likely to end in December on fiscal, foodgrain constraints

"The food subsidy burden is already crossing Rs 3 trillion and we are hopeful that it will be brought down below that mark," said a senior government official

Cut I-T, review capital gains tax in Budget 2023-24: CII to govt

FM Nirmala Sitharaman's pre-Budget consultations from today

India opposes group consultation on food subsidies programme at WTO

The members had expressed concern with India's "lack of full transparency" in taking recourse to the Bali Decision as well as in replies to certain questions raised in the Agri Committee

Best of BS Opinion: Extension of PMGKAY, convergent growth, and more

Here is the best of Business Standard's opinion pieces for today

Centre extends free food grain scheme till Dec at a cost of Rs 45k cr

Move to cost the exchequer additional Rs 44,762 crore

FinMin opposed extension of PMGKAY a day ahead of Cabinet approval

Office memorandum flagged fiscal concerns due to impact of Ukraine war on fuel prices. With Covid-19 having largely subsided, reasons for which earlier extensions were given no more seem to hold

Fate of world's biggest free food programme rests in PM Modi's hands

PM Modi will soon decide whether to extend a food dole out that has cost India $44 billion since the pandemic, or ease the strain on government finances and food supply

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

Delhi HC sets aside AAP government's doorstep ration delivery scheme

Court said the Delhi govt is free to bring another doorstep delivery scheme but it cannot use grains provided by the Centre for this doorstep scheme

Centre releases Rs 2.94 trn to FCI, states as food subsidy last fiscal

The Centre has released Rs 2,94,718 crore towards food subsidy during the last fiscal to Food Corporation of India (FCI) and states, which is slightly higher than the revised budget estimates. During the financial year 2021-22, the Department of Food & Public Distribution released Rs 2,94,718 crore towards food subsidy, under both DCP (decentralised procurement) and non-DCP operations put together, against the revised Estimates of Rs 2,92,419.11 crore. "This release of food subsidy is about 140% of the food subsidy released during 2020-21 and about 267 per cent of the food subsidy released during 2019-20," an official statement said. The subsidy has been released for procurement operations under MSP (minimum support price) and seamless distribution of foodgrains under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) and National Food Security Act 2013 (NFSA). In the last fiscal, the department spent 99.83 per cent of its expenditure by incurring Rs 3,04,361 crores against net .

India's poor deprived in more ways than one, but state count misses that

Income, consumption or lack of "capabilities": what makes a person poor in India?

Centre extends free foodgrain scheme by 6 months at Rs 80,000-cr extra cost

Centre's decision comes hours after UP government, under CM Yogi Adityanath, decided to continue the free ration scheme for another 3 months

Par panel says food subsidy still very high, scope for further reduction

The Committee note that allocation of funds - in respect of food subsidy during 2021-22 is Rs 2,90,573.11 crore but actual expenditure as on February 11, 2022, is Rs 2,20,445.61 crore only

India's food subsidies plan needs to improve coverage, plug leakages

A crucial safety net, the food subsidy is used to protect farmers against low market prices and provide consumers with affordable food grains through the public distribution system (PDS)

Union Budget provides less for food and fertiliser subsidies

The petroleum subsidy is pegged at Rs 5,813 crore, which is 11 per cent less

Economic Survey: Food subsidies grew by 400% to Rs 5.25 trn

The steep rise in food subsidy bill was on account of Pradhan Mantri Garib Kalyan Ann Yojana introduced as part of the Economic Response to Covid-19

Budget 2022: Steep subsidy sums for food and fertiliser likely

Budget 2022: Subsidies have been a bugbear of the Indian economy for long

Food subsidy in FY22 to be about Rs 4 trn vs BE of Rs 2.4 trn: Food secy

Under NFSA, the Centre gives highly subsidised food grains at Rs 1-3 per kg to over 810 million people through the public distribution system