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Government Assures Fiscal Discipline Despite PMGKAY Extension - BW Businessworld

The Union Cabinet, headed by Prime Minister Narendra Modi, extended the PMGKAY scheme earlier this week. The initiative, introduced in 2020 as a pandemic relief measure, will now provide 5 kilograms of free food grains per month to 81.35 crore underprivileged individuals for an additional five years, incurring an estimated cost of Rs 11.80 lakh crore, , PMGKAY ....

Narendra Modi , V Anantha Nageswaran , Pradhan Mantri Garib , National Food Security Act , Union Cabinet , Finance Secretarytv Somanathan , Pradhan Mantri Garib Kalyan Anna Yojana , Prime Minister Narendra Modi , Controller General , Economic Advisorv Anantha Nageswaran ,

Govt confident of adhering to 5.9% fiscal deficit target: Finance Secretary

The government is confident in meeting the budgeted 5.9% fiscal deficit target for the current fiscal year, despite the extension of the free ration scheme. Finance Secretary T V Somanathan stated that the decision to extend the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) doesn t deviate from the fiscal consolidation path. The scheme, providing 5 kilograms of free foodgrains monthly to 81.35 crore poor people, was extended for another five years at a cost of approximately Rs 11.80 lakh crore. The fiscal deficit for April-October stood at Rs 8.03 lakh crore, constituting 45% of the full-year budget estimate. ....

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