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Union Budget: India to spend Rs 2.27 lakh crore on major subsidies

NEW DELHI: India is expected to spend Rs 2.27 lakh crore ($37 billion) on major subsidies during the fiscal year starting April 1, according to budget proposals presented by finance minister Arun Jaitley on Saturday.

Out of Rs 2.27 lakh crore, India is to provide Rs 1.24 lakh crore ($20.11 billion) in food subsidies for the fiscal year 2015-16. Read more..
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