Economic Survey 2015-16: Better off taking the benefit of subsidies; recommends interventions and rectification of anomalies

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....conomic Survey 2015-16: Better off taking the benefit of subsidies; recommends interventions and rectification of anomalies <br>Budget<br>Dated:- 26-2-2016<br><BR>Economic Survey 2015-16 finds uneven ....

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....distribution of &#8377; 100,000 crore subsidies going to the better-off merely on account of 6 commodities like gold, LPG, Kerosene, Electricity, railway fares, aviation and turbine fuel (ATF) plus th....

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....e Small Savings Scheme. The total amount given as subsidy is no less than &#8377; 91,350 crore not to forget that this is an underestimate of the actual subsidy to the better-off because of the undere....

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....stimation of the consumption by the rich in the NSS. If we add the subsidies inherent in just the PPF schemes, the total subsidy to the well-off amounts to above &#8377; 1 lakh crore. This represents ....

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....substantial leakage from the Government's kitty, and an opportunity foregone to help the truly deserving. Addressing the interventions and rectifying these anomalies may be good not only from a fisca....

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....l and welfare perspective, but also from a political economy welfare perspective, lending credibility to other market-oriented reforms.<BR> News - Press release - PIB....