https://www.taxtmi.com/news?id=4053 Government press release provides sectoral subsidy figures for food, fertiliser and petroleum and overall subsidy as a proportion of GDP, and states an operative policy commitment to restrict the expenditure on Central subsidies to under 2% of GDP in 2012-13 and to reduce it to 1.75% of GDP over the next three years, framing a fiscal consolidation target affecting budgetary allocations and subsidy policy. en-us Fri, 23 Nov 2012 18:41:19 +0530 Fri, 23 Nov 2012 18:41:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4053 Government press release provides sectoral subsidy figures for food, fertiliser and petroleum and overall subsidy as a proportion of GDP, and states an operative policy commitment to restrict the expenditure on Central subsidies to under 2% of GDP in 2012-13 and to reduce it to 1.75% of GDP over the next three years, framing a fiscal consolidation target affecting budgetary allocations and subsidy policy. News - Fri, 23 Nov 2012 18:41:19 +0530 https://www.taxtmi.com/news?id=4053