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Conditional cash transfers will rein in twin deficits

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The food and fertiliser subsidy bill is likely to touch Rs 2,00,000 crore under business-as-usual scenario next year. This bill can be trimmed by about 30% (Rs 60,000 crore) if Finance Minister P Chidambaram is ready to put these under the conditional cash transfer (CCT) scheme, and tweak them a bit. Read More

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