Which subsidies are highest in India?
Detailed Solution. The Correct Answer is Option (4) i.e. Food Subsidy. The Food Subsidy gets the maximum share in the total subsidy given by the Central Government of India. For 2020-21 fiscal, Rs 1,15,569.68 crore fund has been allocated for supplying subsidized foodgrains through the PDS and welfare schemes.
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Who gets the most government subsidies?
Subsidy Tracker Top 100 Parent Companies
Amongst non-merit services, the biggest recipients are industries and agriculture and allied services. 78% of subsidies which go for non-merit economic services are amenable to economic pricing.
Why is India Post in loss?
The loss of India Post is attributed to high cost involved in payment of salaries and allowances to its massive workforce. The cost of payment to its 4.33 lakh employees stood at a staggering Rs 26,400 crore in FY19.19-Apr-2019
The postal service delivers 99% of letters through speed post within 1-9 days as compared to 92% by private courier services that take up to 10 days. At the local level, the delivery by speed post is 98% compared to 93% by courier services.20-May-2015
Is IPPB private or govt?
INDIA POST PAYMENTS BANK LIMITED, a public limited company wholly owned by the Government of India through Department of Post under Ministry of Communication and set up under the Companies Act, 2013, and the Banking Regulation Act, 1949 as a Payments Bank under the Department of Posts and in line with relevant
However, Google has received hundreds of millions in government subsidies for its data centers around the U.S. […] An official with Google confirmed Tuesday that the megacompany will not be seeking ICAP or any other available breaks.23-Sept-2021
Does Amazon get government subsidies?
The report, titled “Amazon.com's Hidden Worldwide Subsidies,” found the company has received $4.7 billion in public subsidies over the past decade to help drive the expansion of its global network of warehouses, distribution centers, office complexes and call centers.09-Feb-2022
Google is valued at over $800 billion and has received $750 million in subsidies—or about one-tenth of one percent of its valuation. Facebook is valued at more than $150 billion and has received two-tenths of one percent of its valuation, or $330 million, in subsidies.13-Dec-2018
How can I get 2.67 lakh subsidy?
2.67 lakh. Subsidy can be availed on home loans that were approved on or after 1 January 2017. Applicants who fall under MIG – I category can avail subsidy at the rate of 4% with the maximum loan amount being Rs. 9 lakh.
Therefore, all sorts of subsidy received by an assessee from the specified persons, irrespective of its nature as capital or revenue shall be taxable as income of the assessee unless the same falls in the exclusion category.
Why subsidy is given?
Basically, subsidies are provided by the government to specific industries with the aim of keeping the prices of products and services low for people to be able to afford them and also to encourage production and consumption.28-Apr-2022
With an annual loss to the exchequer of Rs. 19,000 crores in fiscal year 2019 and Rs. 15541 crores in 2020, the postal department has been India's top loss-making entity.17-Nov-2021
Is money safe in post office?
Is Post Office investment safe and tax-free? Ans. Yes, it is safe as investments under Post Office bear sovereign guarantee of Government of India. All these schemes are tax exempt up to a certain limit and some schemes like PPF, Sukanya Samridhi Yojna have tax benefits on returns as well.02-Aug-2022
India Post has the potential to be the flyover that can link rural India with urban India. It has the potential to accelerate savings through financial inclusion. It can be the real and virtual market platform for farmers. It can deliver both credit and insurance to small farmers and micro enterprises.28-May-2022
Is Indian post safe?
Yes. It is safest option. Compared to other courier services, all the services provided by Indiapost are more reliable. India's Comptroller and Auditor General (CAG) has reported that Department of Posts' (DoP) Speed Post service is “better than the services provided by private courier services”.
7 Fastest Courier Services Companies in India
Is DTDC cheaper than speed post?
Speed post service by postal authorities is reliable and cheap as compared to private courier services like Blue Dart, DTDC and first flight couriers.22-May-2013
Stability: The Government of India holds 100 per cent equity in IPPB. So there is almost nil chance that the bank would down its shutters very soon. Hence, your money will be safe with IPPB, as the bank is far more secure than even PSU banks that are struggling to deal with huge non-performing assets (NPA).18-Jan-2019
Who is the owner of IPPB?
Which subsidies are highest in India?