Food Subsidy

The entire amount will be spent under the Pradhan Mantri Garib Kalyan Anna Yojana, which was extended by five years in November 2023

Food subsidy bill stays unchanged from Feb estimate at Rs 2.05 lakh cr in Budget 2024-25

The entire food subsidy bill is set to be spent on the Pradhan Mantri Garib Kalyan Anna Yojana, which was extended by five years by the Union Cabinet in November 2023 at a total cost of nearly Rs 12 lakh crore.

Direct benefit transfer: Fertilisers, food account for more than half of payouts this fiscal

Until March 2022, DBT has resulted in a total savings of Rs 1.35 lakh crore in food subsidies, with 42 million duplicate or non-existent beneficiaries weeded out. DBT removed 41 million fake LPG connections. 10.8 million families who have opted to ‘give up’ LPG subsidies.

Subsidy bill in FY25 Budget seen at Rs 3.81 lakh crore, down 8%

In November, the cabinet approved the government's proposal to extend the Pradhan Mantri Garib Kalyan Anna Yojana free foodgrain scheme for five more years until 2028 at a total cost of nearly Rs 12 lakh crore

Govt to spend more on food, fertiliser subsidies, MGNREGA in run up to elections: Source

Despite the additional spending on account of subsidies, the Centre is confident of meeting the fiscal deficit target of 5.9 percent of GDP.

Additional Rs 1.45 lakh crore budget for FCI is indicative estimate; food subsidy 'adequate' for procurement: Govt

Food Corporation of India (FCI) is the Centre's nodal agency for procurement and distribution of foodgrains through the Public Distribution System (PDS).

Budget 2023: 10 key areas you should watch out for

There will be heightened expectations from the markets as well as people about plucky policies with focus on raising people’s income levels, enabling greater investment in infrastructure to generate jobs and boost farm incomes

Budget 2023: Govt sets the stage for lowering food subsidy bill next fiscal

Food subsidy is likely to peak this fiscal year, allowing the finance minister more space to lower the budget deficit

India aims for $17 billion cut in food, fertiliser subsidies in 2023/24: Report

Food and fertiliser subsidies alone account for about one-eighth of India's total budget spending of 39.45 trillion rupees this fiscal year

Are we going to continue a food subsidy that extends to 66 percent of the population? Questions Montek Singh Ahluwalia

Instead, food and fertilizer subsidies should be converted into cash transfers, Montek Singh Ahluwalia tells Moneycontrol.

Cabinet approves free foodgrain under National Food Security Act for one year

The decision comes days before the expiry of the PM Garib Kalyan Anna Yojana free foodgrain scheme

IMF paper says India's free foodgrain scheme helped cap rise in extreme poverty to 0.86% in 2020

Using "in-kind transfers" such as those of food to arrive at poverty estimates, the authors of the paper refuted previous studies that estimated that 3.2-23 crore Indians fell into extreme poverty in 2020

India plans over $40 billion for food, fertiliser subsidy for 2022/23: Report

For the current fiscal year the finance ministry had budgeted 835 billion rupees for fertiliser subsidies, although the real allocation could rise to a record 1.5 trillion rupees.

Food subsidy to be little less than Rs 4 lakh crore in FY22: Food Secretary

Under NFSA, the central government currently gives highly subsidised foodgrains at Rs 1-3 per kg to over 81 crore people through the public distribution system.

Budget 2021 | Why doing away NSSF loans to Food Corp of India is such a big deal

Experts welcomed the move as a step towards enhancing budget transparency

Covid-19 pandemic | India has little to fear about its food security

The most serious threat to availability of foodstuff in India could come not from any shortage, but from an overzealous bureaucracy….There is an urgent need for the Centre to issue clear directions to the states that they should not impose any border restrictions on movement.

Budget 2018-19: Food subsidy bill may swell by 10%

The 2018-19 Union Budget will be presented on February 1. Since November 2016, the government is implementing the National Food Security Act, under which foodgrains are supplied every month at a highly subsidised rates of Rs 1-3 per kg to over 80 crore people in the country.

Axe falls on food subsidy to achieve fiscal deficit target

Had the adjustment not been made, the fiscal deficit would have risen to 3.68% of the GDP from the current deficit of 3.51%.

Allocation for food law up at Rs 1.45 lk cr for FY18

The allocation for food subsidy has been increased to Rs 1.45 lakh crore next fiscal from Rs 1.3 lakh crore this year to provide for the new food law, which has been rolled out in the entire country, Food minister Ram Vilas Paswan said today.

Budget 2017: Subsidy estimate @ Rs 2.4 lakh cr; up 3% YoY

The share of subsidies as proportion of total expenditure has been on a decline since 2012. Back then it stood at 18.23 percent and now it has fallen to 11.19 percent.

Aadhaar may be made mandatory for tax filing, food subsidy

The government is “actively” discussing possible amendments to the Income Tax Act to make Aadhaar linkage compulsory for I-T filings beginning FY18, Business Standard reported on Friday.

Govt owes Rs 61,000 cr food subsidy to FCI by FY16-end

The government owed Rs 61,000 crore to the state-run Food Corporation of India (FCI) as food subsidy at the end of the last fiscal due to lower provisioning of funds in the Budget.

Budget 2016: Jaitley sees FY17 total subsidy outgo at Rs 2.5 lk cr

The Economic Survey 2015-16, which was presented in the Lok Sabha on Thursday by Finance Minister Arun Jaitley, had pointed out there was uneven distribution of subsidies worth Rs 1 lakh crore, which was going to the better-off and those who did not deserve

Budget 2016: Govt's food subsidy outgo may jump up to Rs 1.5 lakh crore

Many believe despite the government's efforts to curtail subsidies, its food subsidy bill may exceed the Budget estimates of Rs 1.24 lakh crore by Rs 10,000-20,000 crore. Allocation for 2016-17 could be more than Rs 1.5 lakh crore, says HDFC Securities

Food law to be implemented by all states, UTs by Apr except TN

Till now, 25 states and UTs have rolled out the law while 11 are in the process of doing so, Food Minister Ram Vilas Paswan said. The law was passed by Parliament in 2013 and state governments were given one year to implement it.