India’s budget likely to raise major subsidies by 8% to $47 billion in next fiscal By Reuters
By Sarita Chaganti Singh and Mayank Bhardwaj NEW DELHI (Reuters) – India is likely to raise spending on food, fertiliser, and cooking gas subsidies to 4.1 trillion rupees ($47.41 billion) in the next fiscal year, government sources said, a moderate 8% year-on-year increase to cover higher food and energy costs. Indian Finance Minister Nirmala Sitharaman […]