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India's food subsidy bill for 2011/12 rises over 50 per cent

India's food subsidy bill for 2011/12 rises over 50 per cent

Over 5% The expected fiscal deficit as a percentage of gross domestic product during 2011/12 as against 4.6 per cent estimated in the Budget

Rs 60K crore The original budgetary allocation for food subsidy during 2011/12

Rs 95.3K crore The actual subsidy bill for 2011/12 on account of higher payouts to FCI and states for foodgrain procurement

Rs 34.7K crore The net increase in the food subsidy bill due to record buying during agricultural year 2010/11 (July to June)

Over 5% The expected fiscal deficit as a percentage of gross domestic product during 2011/12 as against 4.6 per cent estimated in the Budget

Note: Figures have been rounded off