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This Article is From Feb 17, 2014

Interim budget 2014: Food subsidy for FY15 seen at Rs 1.15 lakh crore

He estimated combined food, fertiliser and fuel subsidies at Rs 2.5 lakh crore in 2014/15.

New Delhi:

Finance Minister P. Chidambaram forecast that India's total spending on food subsidies will be at least Rs 1.15 lakh crore in 2014/15.

He estimated combined food, fertiliser and fuel subsidies at Rs 2.5 lakh crore in 2014/15.

Chidambaram was presenting an interim budget to tide public finances over until a new government is formed after elections due by May.

Copyright: thomson Reuters 2014

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