Subsidy outgo for FY24 had been budgeted at ₹4.03 lakh crore, but may shoot up to ₹4.53 lakh crore. However, even this stretched welfare spend would be far less than the previous fiscal’s subsidy bill of ₹5.62 lakh crore.
Asian shares in tight range, gold at record high
Australian stocks gained, while Japanese equities slipped and Hong Kong equity futures signaled declines. US futures rose after the S&P 500 notched up a sixth