PMGKAY Scheme: Will the central govt supply unfastened ration after September?


Business Desk, Amar Ujala, New Delhi

Published via: Ajay Singh
Updated Fri, 24 Jun 2022 12:40 PM IST

listen the inside track

The distribution of unfastened ration beneath the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) within the state was once regarded as a significant explanation why for the BJP’s victory within the Uttar Pradesh meeting elections. Are arrangements underway to discontinue this scheme now? According to media stories, such discussions have began after a plea via the Department of Expenditure, Ministry of Finance. The Department of Expenditure has warned that the continuation of PMGKAY past the month of September and any aid in tax could have a damaging affect at the fiscal place of the central govt.

The scheme was once began within the lockdown because of Corona
The govt had introduced the PMGKAY scheme around the nation to offer unfastened ration to the deficient other people right through the lockdown imposed because of the Corona epidemic. In March this 12 months, the scheme was once given an extension of six months.

According to an ET file, the central govt has made a provision of Rs 2.07 lakh crore for meals subsidy within the present monetary 12 months, whilst via September, the subsidy invoice is anticipated to extend to round Rs 2.87 lakh crore because of distribution of unfastened meals grains beneath PMGKAY. . In this kind of scenario, if the federal government extends PMGKAY for the following 6 months after September, then it’s going to put a burden of Rs 80,000 crore at the exchequer and if that’s the case the meals subsidy is anticipated to extend to Rs 3.7 lakh crore within the 12 months 2023.

Tax cuts can even building up hassle
The Department of Expenditure, Ministry of Finance, in an inside notice, has discussed that because of extension of time of tax deduction and meals subsidy, it’s going to have an antagonistic impact at the exchequer. It has additionally been mentioned within the media stories that whether or not at the foundation of meals safety or at the foundation of the situation of the monetary place, in no case extension of the PMGKAY can also be steered within the provide cases. Now in this kind of scenario, the massive query has arisen that whether or not the federal government will prevent the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) after September?

Expansion

The distribution of unfastened ration beneath the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) within the state was once regarded as a significant explanation why for the BJP’s victory within the Uttar Pradesh meeting elections. Are arrangements underway to discontinue this scheme now? According to media stories, such discussions have began after a plea via the Department of Expenditure, Ministry of Finance. The Department of Expenditure has warned that the continuation of PMGKAY past the month of September and any aid in tax could have a damaging affect at the fiscal place of the central govt.

The scheme was once began within the lockdown because of Corona

The govt had introduced the PMGKAY scheme around the nation to offer unfastened ration to the deficient other people right through the lockdown imposed because of the Corona epidemic. In March this 12 months, the scheme was once given an extension of six months.

According to an ET file, the central govt has made a provision of Rs 2.07 lakh crore for meals subsidy within the present monetary 12 months, whilst via September, the subsidy invoice is anticipated to extend to round Rs 2.87 lakh crore because of distribution of unfastened meals grains beneath PMGKAY. . In this kind of scenario, if the federal government extends PMGKAY for the following 6 months after September, then it’s going to put a burden of Rs 80,000 crore at the exchequer and if that’s the case the meals subsidy is anticipated to extend to Rs 3.7 lakh crore within the 12 months 2023.

Tax cuts can even building up hassle

The Department of Expenditure, Ministry of Finance, in an inside notice, has discussed that because of extension of time of tax deduction and meals subsidy, it’s going to have an antagonistic impact at the exchequer. It has additionally been mentioned within the media stories that whether or not at the foundation of meals safety or at the foundation of the situation of the monetary place, in no case extension of the PMGKAY can also be steered within the provide cases. Now in this kind of scenario, the massive query has arisen that whether or not the federal government will prevent the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) after September?



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