News X: Food Bill will not hurt rising current account deficit
- 5 years ago
Even the markets felt the jitters both Sensex and Nifty crashed in opening trade and traded huge losses.
The government has budgeted an additional 230 billion rupees annually for the programme on top of the existing 900-billion-rupee food subsidy bill.
But the finance minister has refuted any such concerns claiming government can afford the subsidy burden of the food bill for the poor despite concerns about further pressure on the exchequer.
We have done our sums we have provided enough money to food bill programme money ll be made available when the roll out takes palce in the diff state and after providing money to food programme we ll remain in the limit of budget papers
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The government has budgeted an additional 230 billion rupees annually for the programme on top of the existing 900-billion-rupee food subsidy bill.
But the finance minister has refuted any such concerns claiming government can afford the subsidy burden of the food bill for the poor despite concerns about further pressure on the exchequer.
We have done our sums we have provided enough money to food bill programme money ll be made available when the roll out takes palce in the diff state and after providing money to food programme we ll remain in the limit of budget papers
For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive