food subsidy

Food Subsidy News

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Rationalising food subsidies through Budget FY24 can free up resources that can be utilised in providing skilling to youth in…

Updated: January 23, 2023 08:00 IST

food subsidy, fiscal, inflation, food subsidy programme, GDP, food subsidy programme, PMGKAY

‘Revised food subsidy scheme to lower fiscal, inflation risks’

According to the government, the outlay of food grains under PMGKAY was about 112 million tonne cumulatively over 28 months,…

December 29, 2022 01:30 IST

Major subsidies to fall in FY24

The three major explicit subsidies account for nearly 90% of the Centre’s annual expenditure on subsidies and subsidy-related expenditures.

December 13, 2022 04:50 IST

India paving way for global food security; food production, distribution, schemes framework exemplary

On the domestic front, India has made tremendous progress over the years towards achieving the SDGs as measured by important…

Updated: November 8, 2022 17:49 IST

Finance Ministry to seek cap on food subsidy

The finance ministry’s move comes at a time when the expenditure on food subsidy this year is to set to…

September 26, 2022 06:15 IST

These steps, the Fund said, should also be accompanied by further liberalisation of the investment regime and a reduction in tariffs, especially on intermediate goods.

India needs to roll back monetary, fiscal stimulus gradually, says IMF

India’s CAD, however, is “broadly consistent” with its per capita income level, favourable growth prospects, demographic trends, and development needs,…

August 5, 2022 04:40 IST

Earlier, the expenditure department of the finance ministry, too, had expressed concern over the high budgetary cost of PMGKAY and argued against extending it beyond September.

Anna Yojana extension to cost Rs 90,000 crore: Food ministry

Internal note cautions rice stock may fall below buffer by April.

July 18, 2022 05:00 IST

State food ministers to discuss PDS and nutritional security on July 5

Union food and consumer affairs minister Piyush Goyal will address the conference.

July 3, 2022 17:15 IST

Off-budget liabilities were less than Rs 50,000 crore as on February 1, 2022 and even these were cleared by March 31, as revenues exceeded the revised estimate for FY22, sources said.

Centre wipes out its off-budget liabilities

It used to raise off-budget loans through public sector entities to fund welfare expenditure. These liabilities were around Rs 3.7…

June 10, 2022 00:45 IST

WTO ministerial meeting: India seeks fixed remedy for food security scheme

India will continue to work with other developing nations and put up a united fight for these demands, and many…

April 28, 2022 02:15 IST

Free ration scheme may stay through FY23; PMGKAY to cost exchequer Rs 1.6 trillion this fiscal

Separately, it may also spend about Rs 1.5 trillion on food subsidy in the year, about Rs 50,000 crore less…

April 19, 2022 03:30 IST

The PMGKAY was first rolled out as a comprehensive relief package in March 2020, ‘to reach out to the poorest of the poor’ and ‘help them fight the battle against Covid-19’.

Food subsidy stood at Rs 2.94 trillion in FY22, Rs 1.47 trillion spent on PMGKAY

The budgetary provisioning for food subsidy last fiscal was less than Rs 5.4 trillion allocated in 2020-21, out of which…

April 14, 2022 03:30 IST

The government has so far spent about Rs2.6 trillion under PMGKAY, which was launched in April 2020.

National Food Security Act: Food ministry’s dynamic database to identify subsidy beneficiaries

Officials also said that under section 38 of NFSA states that the centre to provide guidelines to states from time…

April 12, 2022 05:45 IST

Strategic subsidising: Desperately needing subsidy reforms

The growing per capita subsidy outgo shows that there is a need to target it better, and perhaps move to…

April 6, 2022 03:50 IST

Decarbonising Indian agriculture: Chunk of capital needed for sustainable agri-pathways can come from repurposing existing subsidies

Apart from livestock, the major constituents of agriculture GHG emissions are rice cultivation (17.5%), fertiliser application (19.1%), and field burning…

March 30, 2022 02:09 IST