The 2015-16 Economic Survey tabled on Parliament on Friday February 26,2016 said the Rs 1 lakh crore of subsidy
going to the better-off merely on account of 6 commodities plus the
small savings schemes represent a substantial leakage from the
government's kitty, and an opportunity foregone to help the truly
deserving.
According to the survey, the subsidy on account of six
commodities is Rs 91,350 crore. "If we add the subsidies inherent in
just PPF schemes, the total subsidy to the well-off amounts to above Rs
one lakh crore."
Among six commodities, the maximum subsidy to the
rich is for LPG at Rs 40,151 crore followed by electricity Rs 37,170
crore, Kerosene Rs 5,501 crore, Gold Rs 4,093 crore, Railways Rs 3,671
crore and ATF Rs 762 crore.
While subsidy on account of Public Provident Fund is Rs 11,900 crore taking the total to Rs 1,03,249 crore.
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