Cut in Subsidy on Certain Items

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....ut in Subsidy on Certain Items <br>News and Press Release<br>Dated:- 23-11-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 23-November-2012 16:56 IST The details of to....

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....tal subsidy outgo as a proportion to Gross Domestic Product (GDP) of the country is as follows: Rs. In crore Actuals Actuals Revised Budget 2009-10 2010-11 2011-12 2012-13 Subsidies 141,351....

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.... 173,420 216,297 190,015 Out of which for Food 58,443 63,844 72,823 75,000 Fertiliser 61,264 62,301 67,199 60,974 Petroleum 14,951 38,371 68,481 43,580 GDP 64,57,352 76,74,148 ....

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....89,12,179 101,59,884 Subsidies as % of GDP 2.2% 2.3% 2.4% 1.9% To improve the quality of public spending, the Government would endeavour to restrict the expenditure on Central subsidies to unde....

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....r 2% of GDPO in 2012-13 and to further bring it down to 1.75 of GDP over the next three years. This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply....

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.... to a question in Lok Sabha today. * * * DSM/RS/bs<BR> News - Press release - PIB....