Which subsidy is 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.
India Post is a government-operated postal system in India, part of the Department of Post under the Ministry of Communications. Generally known as the Post Office, it is the most widely distributed postal system in the world.
How much is government subsidy in India?
The social security benefits / subsidies offered by various state governments is estimated to be above Rs. 600 billion (US$10 billion). Thus total subsidies become Rs. 3,600 billion (US$60 billion).
Post Office Saving Schemes
What is subsidy amount?
Definition: Subsidy is a transfer of money from the government to an entity. It leads to a fall in the price of the subsidised product. Description: The objective of subsidy is to bolster the welfare of the society. It is a part of non-plan expenditure of the government.
The term subsidy refers to the financial assistance in the form of discount or monetary grants by the Central government to public entities or private institutions. The objective is to make the products offered by these institutions affordable for public consumption.08-Mar-2021
Does India Post make profit?
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
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
What is salary of GDS?
India Post GDS Salary Structure for BPM
The correct answer is Rs, 1,00,000.
Who gets the most government subsidies?
Subsidy Tracker Top 100 Parent Companies
Stand-Up India Scheme Features
What are the benefits of post office?
Loan against FD of India Post Office offers the loan amount upto 90%-95% of the FD amount. The interest charged on the loan against FDs are generally low and are 2% to 3% higher than the FD interest rate. Loan against FD of the India Post Offices flexible repayment options.03-Feb-2022
What is the interest of 1 lakh in post office?
1 lakh in the scheme, with a maturity period of 5 years. At the annual interest rate of 7.7%, he will receive a fixed monthly payout of Rs. 641.66.How Post Office Monthly Income Scheme Works?
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.
How is subsidy calculated?
Government subsidy amount It is to be calculated at a discount rate of 9 per cent. For calculating NPV of the subsidy, one will need the loan's amortisation schedule as the interest portion of each equated monthly instalment (EMI) has to be considered.22-Feb-2017
Subsidies are payments, tax breaks, or other forms of economic support given by governments to certain industries or economic sectors. The goal of subsidies is to aid or support what are deemed to be key parts of the economy or national infrastructure.
What are the 4 main types of subsidies?
Subsidies take many different forms but can be divided into five broad categories.
By beneficiary, there are two primary categories: Subsidies that are not limited to specific businesses or industries (non-specific subsidies), and. Subsidies those are limited to specific businesses and industries (specific subsidies).28-Jan-2018
What is subsidy with example?
Subsidies are a payment from government to private entities, usually to ensure firms stay in business and protect jobs. Examples include agriculture, electric cars, green energy, oil and gas, green energy, transport, and welfare payments.
Which subsidy is highest in India?