&w=696&resize=696,0&ssl=1 "FM Sitharaman cuts aids for food, fertilizer, gas by 7.8% in 2024 Budget")
Breaking down the allowances, the food aid has actually been evaluated Rs 2,05,250 crore, a decline from the changed quotes of Rs 2,12,332 crore for the financial end March 31, 2024. This aid covers the distinction in between the financial price of foodgrains acquired by the federal government and their sales realisation under the National Food Security Act (NFSA) and various other well-being systems, profiting about 80 crore people
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In a relocation that indicates financial vigilance, the federal government lowered its aid expense for food, fertilizer, and gas by 7.8 percent in the complete Budget for 2024-25, provided by Finance Minister Nirmala Sitharaman in the Lok Sabha on Tuesday.
The complete aid appropriation stands at Rs 3,81,175 crore for the present financial, below the previous year’s number of Rs 4,13,466 crore. This decrease straightens with the quotes predicted in February’s acting budget plan.
Breaking down the allowances, the food aid has actually been evaluated Rs 2,05,250 crore, a decline from the changed quotes of Rs 2,12,332 crore for the financial end March 31, 2024.
This aid covers the distinction in between the financial price of foodgrains acquired by the federal government and their sales realisation under the National Food Security Act (NFSA) and various other well-being systems, profiting about 80 crore people.
The fertilizer aid has actually seen a much more substantial cut, with Rs 1,64,000 crore set aside for 2024-25 versus the changed quotes of Rs 1,88,894 crore for the previous financial.
This aid sustains makers and assists preserve inexpensive costs for farmers, covering both urea and non-urea fertilizers like DAP and sponge.
Petroleum aids, mostly for cooking gas (LPG), have actually been partially lowered to Rs 11,925 crore, below Rs 12,240 crore in the 2023-24 changed quotes.
The federal government’s choice to preserve the aid approximates from the acting budget plan recommends a computed strategy to stabilizing financial combination with well-being actions.
