2024 Ahoy! Will electoral freebies throw fiscal deficit into disarray?
A large number of welfare schemes (subsidies) were announced in 2023 in view of elections in heartland states. More may be expected ahead of the 2024 general elections
A large number of welfare schemes (subsidies) were announced in 2023 in view of elections in heartland states. More may be expected ahead of the 2024 general elections
Latest decision comes after govt’s announcement in August, in which it cut cooking gas prices by ₹200 per cylinder
Non-subsidised cooking gas now costs ₹1,053 per 14.2 kg cylinder in Delhi.
Fuel excise duty cut will have a revenue implication of ₹1 lakh cr a year. Subsidy on LPG will have a revenue implication of ₹6,100 cr a year.