The RBI report reveals that the share of subsidies in the total revenue expenditure of states has increased from 7.8 per cent in 2019-20 to 8.2 per cent in 2021-22 and states like Punjab and Chhattisgarh are on top as they spend 10 per cent of their revenue expenditure on subsidies.
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`Freebies` Vs `Welfarism`: As Supreme Court Mulls Over Matter, RBI Raises Red Flags
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September 03, 2023
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