NEW DELHI (TIP): The government will not reduce subsidy on food items, fertilisers and development schemes in the current financial year starting April from what was paid in 2013-14, Minister of State for Finance Nirmala Sitharaman said. “The government does not plan to cut subsidies given in schemes like Mahatma Gandhi National Rural Employment Guarantee Act and National Food Security Act,” the minister said in reply to a question in the Rajya Sabha. The Budget for 2014- 15 has allocated Rs 2.60 lakh crore for overall subsidy, compared with Rs 2.55 lakh crore estimate for 2013-14.
Be the first to comment