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Cut in Subsidy on Certain Items

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..... Cut in Subsidy on Certain Items - News and Press Release Dated:- 23-11-2012 - News - Press Information Bureau Government of India Ministry of Finance 23-November-2012 16:56 IST The d .....

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..... etails of total subsidy outgo as a proportion to Gross Domestic Product (GDP) of the country is as follows: Rs. In crore Actuals Actuals Revised Budget .....

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..... 2009-10 2010-11 2011-12 2012-13 Subsidies 141,351 173,420 216,297 190,015 Out of which for Food 58,443 63,844 .....

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..... 72,823 75,000 Fertiliser 61,264 62,301 67,199 60,974 Petroleum 14,951 38,371 68,481 43,580 GDP 64,57,352 .....

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..... 76,74,148 89,12,179 101,59,884 Subsidies as % of GDP 2.2% 2.3% 2.4% 1.9% To improve the quality of public spending, the Government would endeavo .....

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..... ur to restrict the expenditure on Central subsidies to under 2% of GDPO in 2012-13 and to further bring it down to 1.75 of GDP over the next three years. This information was given by the Minister o .....

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..... f State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today. * * * DSM/RS/bs - News - Press release - PIB Tax Management India - taxmanagementindia - .....

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..... taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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