THE INDIA BUDGET 2012: Subsidies and Extra Tax revenues

Spectrum Auctions INR 400 bln

Other Telecom Auctions and revenue INR 582.17 bln

Food Subsidy INR 750 bln

Fuel Subsidy a new low of INR 435 bln ( frm 33% -50% drop on 2012?>achieved not targeted???)

Disinvestment Revenues INR 300 bln

Fetiliser Subsidy INR 605 bln

Reactions: Pie in the sky except spectrum and divestment

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