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In the most general terms, a subsidy can be. defined as any government assistance that (i) allows consumers to purchase goods. and services at prices lower than those offered by a perfectly competitive private.

Payments to both commercial firms and low-income individuals are examples of direct subsidies. This could include housing allowances, food vouchers for low-income families, or payments to private businesses as ?cash in the bank? payments.

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.

Article 14 of the SCM Agreement, entitled 'Calculation of the Amount of a Subsidy in Terms of the Benefit to the Recipient', provides guidance as to how the relevant market shall be identified.

Major subsidies at Rs. 3.75 lakh crore (1.2 per cent of GDP) is 10.7 % of Revenue Expenditure in BE 2023- 24. As per the budget the total FC grants under various categories, such as Revenue Deficit Grants to the States, Grant for Urban and Rural Local Bodies and others are estimated to the tune of Rs.

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.

A subsidy is money that is paid by a government or other authority in order to help an industry or business, or to pay for a public service.