Subsidies
Latest news, explainers and analysis on Subsidies. Tracking 7 stories on Arth Vani.
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Latest on Subsidies
Breaking₹1,000 Crore PMEGP Subsidy Released for 11,333 New Micro Enterprises
Jitan Ram Manjhi has announced the release of a significant ₹1,000 crore subsidy under the Prime Minister's Employment Generation Programme (PMEGP). This crucial funding is set to support 11,333 new micro-enterprises across India, aiming to boost entrepreneurship and create substantial employment opportunities.
BreakingBRICS Focuses on Fertiliser Security as India Grapples with Rising Subsidy Burden
BRICS nations are discussing global fertiliser supply stability, a critical issue for India. The country faces an increasing subsidy burden to keep fertiliser prices affordable for farmers amidst volatile international markets and high import dependence.
Pakistan Subsidies Aid 10 Million Low-Income Citizens Amid Rising Fuel Costs
Pakistan's government has implemented a subsidy program designed to support 10 million low-income individuals. This initiative comes as global fuel prices surge, largely influenced by ongoing international conflicts.
BreakingSC: Electricity Subsidies for Operational Costs Are Taxable Revenue Receipts
The Supreme Court has ruled that electricity subsidies provided to businesses specifically to reduce their operational costs must be treated as taxable revenue receipts. This clarifies the tax treatment of such subsidies, distinguishing them from capital subsidies.
BreakingIndia's Fiscal Gap Widens to ₹7.1 Lakh Crore by August on Higher Spending
India's fiscal deficit, the gap between government income and expenditure, reached ₹7.1 lakh crore between April and August of the current financial year. This increase is primarily attributed to higher government spending on crucial capital projects and various subsidies.
Mandi Meet Highlights Loans, Subsidies & Insurance for Sericulture Farmers
A recent meeting in Sandhol, Mandi, focused on vital government support for sericulture farmers. Discussions highlighted various financial aids including loans, subsidies, insurance coverage, and broader enterprise support to boost the sector.
BreakingLPG Under-Recovery for OMCs Hits ₹62,000 Crore in August, Up ₹3,000 Crore from July
Indian Oil Marketing Companies (OMCs) faced a higher financial burden from selling LPG below cost in August. Their under-recovery for cooking gas reached ₹62,000 crore, an increase of ₹3,000 crore from the ₹59,000 crore reported in July. This rise highlights the ongoing pressure on state-run fuel retailers due to controlled LPG prices.
Tax figures shown are indicative estimates for education only and depend on your specific situation. Consult a qualified tax professional or the Income-Tax Department before acting.