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What is the budget of India 2022 in Billion?

2022 Union budget of India Emblem of IndiaSubmitted1 February 2022Total revenue₹31.94 trillion (US$400 billion)Total expenditures₹39.45 trillion (US$490 billion)Tax cutsNone10 more rows

Which state has highest budget in India 2022?

On the other hand, Uttar Pradesh is on the top in terms of overall size of its Budget (vote on account) at Rs 5,45,371 crore in FY 2022-23 (BE), followed by Maharashtra with Budget size of Rs 4,95,405 crore, Rajasthan with Budget size of Rs 3,46,183 crore, West Bengal with Budget size of Rs 2,91,030 crore and Karnataka

What are the 4 main types of subsidies?

5 Common Types of Government Subsidies Export subsidies. An export subsidy is when the government provides financial support to companies for the purpose of exporting goods to sell internationally. Agriculture subsidies. Oil subsidies. Housing subsidies. Healthcare subsidies.

What does the US government subsidize most?

Fossil fuels still receive massive government subsidies The Environmental and Energy Study Institute found that the US government alone spends $20 billion every year on direct fossil fuel subsidies. Of that figure, around $16 billion goes towards oil and gas, while the remaining $4 billion benefits the coal industry.

How many types of subsidies are there in India?

Social security subsidies RegionSocial security programBillion RupeeRuralFertilizer (subsidy)660RuralNREGA (non-subsidy)330RuralChild development (ICDS) (non-subsidy)177RuralDrinking water and sanitation (non-subsidy)1526 more rows

What is an example of a subsidies?

For example, if a government sends monetary assistance that reimburses 15% of all health expenditures to a group that is paying 15% income tax. Exactly the same subsidy is achieved by giving a health tax deduction. Tax subsidies are also known as tax expenditures. Tax breaks are often considered to be a subsidy.

How much is India annual budget?

2020 Union budget of India Annual Financial Statement of the Central Government for the year 202021 The Finance Bill, 2020PartyBharatiya Janata PartyFinance ministerNirmala SitharamanTotal revenue₹30.83 trillion (US$390 billion) (8.5%)Total expenditures₹35.09 trillion (US$440 billion) (28.4%)11 more rows

What is an example of subsidize?

Example Sentences The state subsidizes housing for low-income families. She feels that private businesses should not be subsidized by taxpayers. The company subsidizes health insurance for its employees.

Why do governments Subsidise?

Key Takeaways A subsidy is a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut. In economic theory, subsidies can be used to offset market failures and externalities to achieve greater economic efficiency.

How much is India budget 2022?

Total Expenditure: The government is estimated to spend Rs 39,44,909 crore during 2022-23. This is an increase of 4.6% over the revised estimate of 2021-22.

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