Economic Survey 2015-16: Better off taking the benefit of subsidies; recommends interventions and rectification of anomalies

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..... Economic Survey 2015-16: Better off taking the benefit of subsidies; recommends interventions and rectification of anomalies
Budget
Dated:- 26-2-2016

Economic Survey 2015-16 finds uneven .....

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..... distribution of ₹ 100,000 crore subsidies going to the better-off merely on account of 6 commodities like gold, LPG, Kerosene, Electricity, railway fares, aviation and turbine fuel (ATF) plus t .....

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..... he Small Savings Scheme. The total amount given as subsidy is no less than ₹ 91,350 crore not to forget that this is an underestimate of the actual subsidy to the better-off because of the under .....

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..... estimation of the consumption by the rich in the NSS. If we add the subsidies inherent in just the PPF schemes, the total subsidy to the well-off amounts to above ₹ 1 lakh crore. This represents .....

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..... substantial leakage from the Government's kitty, and an opportunity foregone to help the truly deserving. Addressing the interventions and rectifying these anomalies may be good not only from a fisc .....

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..... al and welfare perspective, but also from a political economy welfare perspective, lending credibility to other market-oriented reforms.
News - Press release - PIB .....

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