How did you arrive at the figure of Rs 800 p.m.subsidy proposed to be given to all voters?
This figure has been arrived at by dividing the total subsidy given by Central and State governments by the total number of voters. Subsidy is the money granted by a government to keep down the prices of commodities etc. There are two types of subsidy: Merit and Non-merit. Merit subsidy is for sectors like elementary education, research, forestry, environment, information etc where the benefits are reaped by the society as a whole. Non-merit subsidy is directed towards specific groups of population, such as subsidy on food, fertilizer, petroleum, electricity etc. At present, the bulk of the expenditure is on non-merit subsidy. The total non-merit subsidy for the Central and State governments taken together amounted to Rs. 102145.24 crore in 1994-95, which is 10.71% of GDP at market prices. Assuming the same 10% subsidy for current GDP [which touched US $ 1 trillion in 2008], the total expenditure on subsidy comes to $100 billion or Rs 400,000 crores. There are at present about 40 crore
Related Questions
- TARRIF has reservations with the proposed increase in the development fee, but they are encouraging voters to approve Proposition #6. Why?
- Is there a preference given to full-time personnel of the firm(s) over other proposed experts?
- Is there any preference given to personnel proposed by the lead firm?
