City
Epaper

Food, fertiliser, urea, petroleum subsidies touch 51% of BE

By IANS | Updated: August 13, 2019 14:15 IST

Major subsidies on food, fertilisers, urea and petroleum have totalled Rs 1.51 lakh crore as on June-end 2019, touching 51 per cent of the Budget Estimates, up from 44 per cent during same period of the last fiscal.

Open in App

The Controller General of Accounts' (CGA) June figures show the actuals on these heads up to June end 2019 totalled Rs 1,51,824.24 crore on the Budget Estimates (BE) of Rs 2,96,684 crore. On a Corresponding Period of the Previous Year (COPPY) basis, the amount was Rs 1,16,820.17 crore (44 per cent) of the BE, whereas the current figures are 51 per cent of the BE.

Quite expectedly, the food subsidy as on June-end grabbed a major chunk at Rs 94,406.16 crore, as against the the BE of Rs 1,84,220 crore (51 per cent). On a COPPY basis, it was Rs 88,266.74 crore (52 per cent of the BE of last fiscal).

Nutrient-based fertilisers subsidy touched Rs 9,606.18 crore (39 per cent of BE) as on June-end which was Rs 8,238.34 crore in the same period of last fiscal (33 per cent). The BE for the current fiscal for this subsidy is Rs 24,832 crore.

The Urea subsidy as on June-end at Rs 19,482.99 crore has galloped to 39 per cent of the BE of Rs 50,154 crore. The same was Rs 8,590.96 crore in the same period of last fiscal (19 per cent).

The petroleum subsidy was Rs 28,328.91 crore for the period in consideration which was 76 per cent of the BE of Rs 37,478 crore, while on a COPPY basis this was Rs 11,724.13 crore amounting to just 47 per cent.

( With inputs from IANS )

Open in App

Related Stories

EntertainmentTom Cruise says he enjoys 'hitting the keys' on the piano

Other SportsTaipei Open: Kidambi, Anmol, Unnati to spearhead Indian challenge

NationalSC discloses asset details of judges on official website

BusinessMFIN Unveils Online Certification Program to Empower and Transform Microfinance Workforce

MumbaiMithi River Desilting Scam: Mumbai Police Registers First FIR After Multiple Raids

कारोबार Realted Stories

BusinessOpenAI continues to be overseen and controlled by nonprofit: Sam Altman

BusinessJagadguru Kripalu Parishat Brings Summer Relief and Educational Support to Over 28,000 Individuals

BusinessCentre focuses on key reforms in public procurement system via GeM

BusinessSensex, Nifty open flat amid mixed global cues

BusinessNifty, Sensex opened flat before Fed meet, FPI inflows continue amid Indo-Pak tensions