PM delivers a game changer
Although the government has budgeted the food subsidy bill at Rs 75,000 crore for 2012-13, sources said the burden could well cross Rs 1 lakh crore thanks to a 16% hike in the procurement price of paddy even if the wheat procurement price is kept unchanged at last yearís level. The food subsidy bill could drive up the governmentís annual food subsidy bill to Rs 1,19,000 crore. Substantial savings in these subsidies are aimed to be achieved through the cash transfer scheme from 2013-14 onwards.
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