Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Economic Survey 2015-16: Over Rs. 1 Lakh Crore in Subsidies Benefit Wealthier Individuals, Calls for Fiscal Reforms.</h1> The Economic Survey 2015-16 reveals that subsidies worth Rs. 100,000 crore are disproportionately benefiting wealthier individuals through commodities like gold, LPG, kerosene, electricity, railway fares, aviation fuel, and the Small Savings Scheme. The survey estimates that at least Rs. 91,350 crore is provided in subsidies, which is likely underestimated due to underreported consumption by affluent groups. Including subsidies from PPF schemes, the total aid to the affluent exceeds Rs. 1 lakh crore. This results in significant financial leakage and missed opportunities to support those in genuine need. The survey suggests addressing these issues to enhance fiscal responsibility and support market reforms.