Feb 13, 2013, 04.45 PM | Source: Moneycontrol.com
Benefit or support provided by the government to industries usually in the form of a cash payment or tax reduction is known as subsidy.
Since Independence, the Indian government has been subsidizing many industries and products, from petrol to food. A subsidy is often considered to be in the interest of the public, but is a politically sensitive issue as well.
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