Wednesday, November 6, 2024

Free Ration Update: Big news on free ration, the central government is going to stop the free grain scheme! Know latest updates

Pradhan Mantri Garib Kalyan Anna Yojana: If you are also taking advantage of the government’s free ration scheme, then know that now this scheme can be closed. The department says that it is not good for the government exchequer to pursue this scheme. Let’s know the latest updates.

Pradhan Mantri Garib Kalyan Anna Yojana Update: If you are also a beneficiary of Pradhan Mantri Garib Kalyan Anna Yojana, then there is big news for you. Now the government can stop this scheme. Actually, the department has suggested for this, after which now the government is planning to discontinue this scheme.

Actually, during the Corona period, the source of income of poor families in the country was over. In such a situation, the government had started the facility of free food grains under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), which can be closed after September. The Department of Expenditure, which comes under the Ministry of Finance, has suggested to the government that this scheme should not be extended beyond September.

What did the department say?
The Department of Expenditure says, ‘The economic burden on the country is increasing very much due to this scheme. It is also not good for the economic health of the country. Due to the reduction in duty on petrol and diesel last month, there has been an additional burden of about Rs 1 lakh crore on the revenue, if more relief is given then the economic burden will increase further. Now that the impact of the epidemic has subsided, the scheme of the free rations can be stopped.

Increasing burden on the government

According to the information given by the department, since the corona epidemic, the government has spent a lot on food subsidies. Under this, at present, about 80 crore people in the country are being given free rations. Although people have gotten relief from this scheme, the burden on the government has increased a lot. In such a situation, the Department of Expenditure says that if this scheme is extended for another 6 months, then the food subsidy bill will increase by Rs 80,000 crore to about Rs 3.7 lakh crore. This expenditure can put the government in great trouble.

It is worth noting that in March this year, the central government extended this scheme till September 2022. The government has also allocated Rs 2.07 lakh crore for food subsidy in the budget.

Read More: Update on Aadhaar: Fraud will be reduced! Now that Aadhaar will contain information from birth to death, be aware of UIDAI’s new strategy.

What was the fiscal deficit?

Significantly, in the next budget, the country’s fiscal deficit is estimated to be 6.7 percent of GDP in the financial year 2022-23. On this, the Department of Expenditure says that this is much higher than the historical standards, while the fiscal deficit of the states can be 3.5 percent. That is, there is already a lot of burden on the government, in such a situation, increasing the free food grains further can prove to be a factor.

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 YouTube                 Click Here
🔥 Facebook Page                 Click Here
🔥 Instagram                 Click Here
🔥 Telegram Channel                  Click Here
🔥 Google News                 Click Here
🔥 Twitter                 Click Here
spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

X changed its monetization policy, Elon Musk made a big change

The social networking platform X has decided to modify its artists' monetization approach. Users will now be less reliant on adverts as a result...

New feature given in the KTM 250 Duke, comes for Rs 2.5 lakh

The KTM 250 Duke's latest version is on the market. The TFT LCD on the KTM 250 Duke is new. Along with this, LED...

Apple to launch iPad Mini 7 on this day! know the details before launch

The iPhone 16 series is the newest iPhone series that Apple has released. Apple released four phones in this series: the iPhone 16, iPhone...

EMI to remain expensive, RBI makes no changes in the repo rate

The burden of high EMI is not alleviated. The 6.50 percent policy rate has been sustained by the Reserve Bank of India. This declaration...

Assistant Professor Recruitment in Delhi University, this is the last date

An announcement for Recruitment has been made by Delhi University for the position of Assistant Professor. The University (DU) has made this position available...

Most Popular

Subscribe

* indicates required