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The following table shows financial size of the social security subsidies in India funded by the Union government of India. The table does not cover other programs operated by various State governments, see Public welfare in India. The social security benefits / subsidies offered by various state governments is estimated to be above Rs. 600 ...
The first urea subsidy scheme was in 1977 in the form of Retention Price cum Subsidy scheme (RPS). From ₹ 4,389 crore (US$2.51 billion) in 1990 to ₹ 75,849 crore (US$17.43 billion) in 2008. As %ofGDP this is an increase from 0.8% to 1.5%. In 2022-23 financial outlay is ₹ 63,222 crore (equivalent to ₹ 710 billion or US$8.2 billion in 2023).
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY; lit. ' Prime Minister's People's Health Scheme ', Ayushman Bharat PM-JAY lit. ' Live Long India Prime Minister's People's Health Scheme '), also colloquially known as Modicare, [2] [3] is a national public health insurance scheme of the Government of India that aims to provide free access to health insurance coverage for low income ...
By offering tax breaks, the government can incentivize behavior that is beneficial to the economy or society as a whole. However, tax subsidies can also have negative consequences. One type of tax subsidy is a health tax deduction, which allows individuals or businesses to deduct their health expenses from their taxable income.
Medical expenses that qualify for a tax deduction include a wide range of costs related to your care, from professional services to necessary medical supplies. Here are some examples of deductible ...
Many medical expenses can be tax-deductible, but the rules have always been complicated: To qualify for this tax break, you need to itemize your deductions, and then you can only deduct the ...
Income tax is a key source of government funding. The Income Tax Department is the central government's largest revenue generator; total tax revenue increased from ₹ 1,392.26 billion (US$16 billion) in 1997–98 to ₹ 5,889.09 billion (US$68 billion) in 2007–08.
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