Union Budget 2021 | Food subsidy budget set at almost ₹2.43 lakh crore
The Hindu
The food subsidy bill spiked sharply this year, from ₹1.15 lakh crore in the 2020-21 budget estimates to ₹4.22 lakh crore in the revised estimates, reflecting the additional cost of free foodgrain distribution in the wake of the COVID-19 pandemic, as well as the government’s decision to pay the Food Corporation of India’s (FCI) burgeoning loans and return to budgetary transfers to fund the food subsidy bill. In 2021-2022, the food subsidy budget has been set at almost ₹2.43 lakh crore.
Economists welcomed the Centre’s move, saying it would help clean up the government’s accounts and improve the financial health of FCI.
More Related News

The U.S. has launched two investigations under Section 301 of the Trade Act of 1974 against India and other economies to examine practices that may be ‘unreasonable or discriminatory and burden or restrict U.S. commerce’. One probe examines whether countries, including India, are using excess manufacturing capacity to export to the U.S. in a manner that hurts American businesses, while another looks at whether countries have taken ‘sufficient steps’ to prohibit imports of goods produced with forced labour.












