Authorities subsidy burden to exceed price range, more likely to hit Rs 4.2 lakh crore: Report

Authorities subsidy burden to exceed price range, more likely to hit Rs 4.2 lakh crore: Report

NEW DELHI: The federal government’s subsidy burden is predicted to exceed price range estimates, swelling to nearly Rs 4.1 to Rs 4.2 lakh crore for the monetary yr 2024-25 (FY25). A report by the Financial institution of Baroda revealed that the rise is primarily to increased bills on meals and fertiliser subsidies, that are more…

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