The subsidy devil is in the detail

Over the last few years, the government announced many policy initiatives that purportedly help the weaker sections of our society. Schemes initiated under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) or the distribution of free and affordable food items under the National Food Security Act (NFSA) are examples of these. While it is logical to assume that these initiatives will be accompanied by a sharp increase in the subsidy bill, this is not evident in our budgeted subsidy numbers. 

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