 "India's 2013-14 total food subsidy stands at Rs 1,30,000 cr")
India's total food subsidy is seen at Rs 1,30,000 crores to cover expenditure for its Food Security Bill which aims to expand cheap food provision for the poor, Food Minister K.V. Thomas said on Tuesday.
However, the amendments to the bill approved by cabinet on Tuesday shos that the estimated food subsidy is about Rs 125000 crores.
The budget puts spending on food subsidies for 2013/14 at Rs 90,000 crores and Finance Minister P. Chidambaram said in his speech announcing the budget on February 28 he would set aside an extra Rs 10,000 crores for the bill.
The Food Security bill will now go to parliament for discussion this week, the minister added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app