Subsidy outlay rises 49 pct in H1 2012/13: report
NEW DELHI (Reuters) - India's expenses on major subsidies, including those on food, jumped by almost half to 1.42 trillion rupees in the first half of the fiscal year 2012/13, the finance ministry's mid-year economic review said on Monday.
The report also said defence spending in the first half of the fiscal year was up 13 percent to 849.3 billion rupees. The full-year defence budget is expected to be 1.93 trillion rupees.
(Reporting by Arup Roychoudhury; Editing by Jijo Jacob)
- Tweet this
- Share this
- Digg this
- Bighorn sheep escapes Los Angeles Zoo, dies after car strikes it
- U.S. plans to arm Iraq's Sunni tribesmen with AK-47s, RPGs, mortars
- China building South China Sea island big enough for airstrip - report
- Apple $450 mln e-book settlement gets final court approval
- India approves $2.6 bln mounted gun purchase - official
India approved on Saturday the purchase of 814 mounted gun systems for the army at a cost of 157.5 billion rupees ($2.55 billion), a defence ministry spokesman said. Full Article