14 lakh crore subsidy for corporates in three years!

The Government is cutting subsidies to the common people. Number of BPL families are being reduced on one plea or another and the food subsidy is also being cut. The government is very reluctant to grant subsidy for bail out of PSUs like Air India. It says that PSUs should manage their own without seeking help from Government. BSNL is deprived of its cash surplus through dubious means like ‘notional loans’ etc.

But the same government has no difficulty in gifting lakhs of crores of rupees as subsidy to the corporates and private bigwigs. See below how much amount has been spent by the government towards concession and bailing out the corporates:

Year                            Amount

2008-2009              Rs. 4,14,099 crore

2009-2010              Rs. 5,02,299 crore

2010-2011              Rs. 5,11,630 crore

Total                       Rs 14,28,028 crore.

A total of Rs 14,28,028 crore gifted to the corporates! One can understand on whose side the government is!

Source:- VAN Namboodiri Blog.