Budget2017: Centre may scrap sugar subsidy

Things seem to be taking at a brisk pace in implementing the Governments reforms in the upcoming budget. Accordingly there might be cut in the subsidies given by the central government sources said. The news is that the central government is planning to cut the subsidy given to states on Sugar that is distributed through public distribution system scheme (PDS). The subsidy now offered to the state governments per kilo on Sugar is Rs.18.50.With scrapping of subsidy, Government saves Rs. 4500 Crore.