Page 3 - Subsidies

Bengal received Rs 2,000 cr investment proposals in food processing sector

West Bengal has received investment proposals worth Rs 2000 crore in the food processing sector and the state may consider raising the subsidy in future from the current levels, West Bengal Food Processing Minister Subrata Saha said on Friday. The minister, who was speaking at the inauguration of the 19th International Foodtech Kolkata 2022 exhibition, said that since the Bengal Global Business Summit 2022 in April over 50 memorandum of understanding of more than Rs 2000 crore have been signed with various domestic and foreign enterprises. The state has passed a proposal to grant subsidies of up to Rs 10 lakh to enterprises setting up projects in the food processing sector in Bengal, the minister said. This subsidy may be increased in future to reach out and attract investments, Saha stated. The three-day mega business to business event is being participated by packaging, confectionery, bakery, dairy and hotel and allied services sectors. Director of Food Processing Industries of

Discuss freebies and also the subsidies to industries

No doubt, the so-called freebies to the poor must be discussed but the subsidies to the industries must also be discussed in depth

Aadhaar number mandatory for availing of govt subsidies and benefits

Under Section 7 of the Aadhaar Act, a person not assigned an Aadhaar number "shall be offered alternative and viable means of identification for delivery of the subsidy, benefit or service"

Need to fix the concept of food subsidies to tackle world hunger crisis

Subsidizing food is largely not an activity that involves the world's poorest people who are most at risk of hunger, but its richest and most amply-fed

Over Rs 1-trillion freebies announced by state govts, shows data

The recurring theme of power as a key component of subsidies also shows up in the overall numbers

Ensuring nutrition security

Food safety programmes need adjustments

Punjab power subsidy at multi-year high, other sops in focus in new budget

Punjab's new budget promises sops that may delay the state's date with fiscal prudence

Finance Ministry allows govt departments to carry over quarterly spending

The FinMin's missive to various departments comes at a time when the Centre's fiscal balance for FY23 is under immense pressure

States doling out competitive subsidies on brink of fiscal collapse: Report

India Ratings has said five states, led by Punjab, are on the brink of a deep fiscal crisis as their subsidies are much higher than sustainable levels in terms of a percentage of GSDP

India Post warns against fake websites claiming to provide subsidies

It is also requested the common public not share any personally identifiable information such as date of birth, account numbers, mobile numbers, place of Birth and OTP, etc

BS Number Wise: Indian states are living dangerously on subsidies

Their tax revenues can't keep up with their largesse: it's a policy that risks putting them in economic peril

Costlier oil and subsidy fall likely to hit consumption in FY23

A cut in subsidy in FY23 comes on the back of an equally sharp cut in FY22

Budget 2022: Govt subsidies to fall 39% to Rs 4.3 trn in FY22

For the next fiscal, the government said total subsidies are estimated to further decline to Rs 3,17,866 crore from Rs 4,33,108 crore in the current fiscal

Budget 2022: Govt's subsidies to decline 39% to Rs 4,33,108 crore in FY22

The government's subsidies on food, fertilisers and petroleum are estimated to decline by 39% to Rs 4,33,108 crore in the current fiscal, according to the Budget document

TMS Ep97: Budget session, bank privatisation, markets, expenditure budget

What to expect in the Budget session? What to expect on bank privatisation and subsidy reform? What data points of Economic Survey are markets eyeing? What is Expenditure Budget? All answers here

More than 50% of the Centre's annual spending is unproductive, shows data

Will Budget 2022-23 be transformative enough to give developmental spending a majority share in the expenditure mix?

Budget 2022: Steep subsidy sums for food and fertiliser likely

Budget 2022: Subsidies have been a bugbear of the Indian economy for long

Subsidies, tax rebates critical for faster adoption of EVs: Ather Energy

Hero MotoCorp-backed electric two-wheeler maker Ather Energy on Monday said subsidies and tax rebates under the FAME II policy are extremely important to push for faster adoption of electric vehicles.

What are subsidies and why countries need it?

Last week US lawmakers urged their govt to approach WTO against India which they said was subsidizing half of the value of production for rice and wheat. Know about subsidies and why countries need it

TMS Ep92: Microsoft acquisition, Thibault Cuny, Budget 2022, subsidies

Why did Microsoft plunge into the world of gaming? What's Thibault Cuny's take on India's alco-bev market? What do markets expect from the Finance Minister? What are subsidies? Find all answers here