Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
FY26 food subsidy bill may surpass BE by 15%
Financial Express Bengaluru
|October 24, 2025
THE GOVERNMENT'S FOOD subsidy budget in FY26 is set to rise by 10-15% over the budget estimates (BE) of %2.03 lakh crore with rising grain stocks inflating economic costs of grains distributed free of cost to 810 million people under the Pradhan Mantri Garib Kalyan Anna Yojana.
The new procurement season (2025-26) for paddy purchase began earlier this month.
Sources told FE the Food Corporation of India (FCI), through which over 70% subsidies are routed, has revised upward the projected expenditure from %1.4 lakh crore (budget estimate) to €1.7 lakh crore for 2025-26.
For FY26, the corporation has so far received 75,921 crore, or 53% of its annual food subsidy allocation as perthe BE from the finance ministry.
In addition, the ministry has provided ¢ 50,000 crore as wage and means advance which has to be repaid by the corporation by March 31, 2026.
This story is from the October 24, 2025 edition of Financial Express Bengaluru.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Bengaluru
Financial Express Bengaluru
Coca-Cola India profit up 46.3% to ₹615 crore
Revenue rises 7% in FY25
1 min
December 20, 2025
Financial Express Bengaluru
Chomsky, Gates appear in new Epstein estate photos
CONGRESSIONAL DEMOCRATS RELEASED dozens of new images from the estate of the late convicted sex offender Jeffrey Epstein on Thursday, a day before the US Justice Department is required by law to release unclassified ?files from its investigation of the disgraced financier.
1 min
December 20, 2025
Financial Express Bengaluru
File revised returns if AIS is showing additional income
YOUR QUERIES: INCOME TAX
2 mins
December 20, 2025
Financial Express Bengaluru
Practo to seek banks for 2026 IPO
PRACTO TECHNOLOGIES, WHICH runs a digital health platform, is planning an initial public offering, according to people familiar with the matter, joining a wave of companies rushing to capitalise on India's buoyant market for first-time share sales.
1 min
December 20, 2025
Financial Express Bengaluru
BoJ shadow over a low-cost loan window for India Inc
Bank of Japan hikes rate to a three-decade high of 0.75%; India Inc says impact will be muted
2 mins
December 20, 2025
Financial Express Bengaluru
Flipkart buys majority stake in Minivet AI
WALMART-OWNED FLIPKART has struck a deal to acquire a majority stake in Minivet AI, an AI and machine learning solutions provider, as the e-commerce major looks to strengthen its generative AI capabilities for visual and conversational commerce.
1 min
December 20, 2025
Financial Express Bengaluru
Adani plans nuclear power foray
Aims to build eight 200-MW small modular reactors
2 mins
December 20, 2025
Financial Express Bengaluru
Growing trade imbalances demand course correction
FRANCE'S PRESIDENT EMMANUEL
3 mins
December 20, 2025
Financial Express Bengaluru
CCI: AI raises new competition risks
THE RAPID ADOPTION OF artificial intelligence across sectors is creating fresh competition challenges, requiring closer coordination among regulators to keep markets open and safeguard consumer interests, Competition Commission of India (CCI) chairperson Ravneet Kaur said on Friday.
1 min
December 20, 2025
Financial Express Bengaluru
Piramal Finance exits Shriram Life for ₹600 cr
PIRAMAL FINANCE ON Friday said it has decided to sell its entire 14.72 per cent stake in Shriram Life Insurance Companyto South Africa-based Sanlam Group for ₹600 crore.
1 min
December 20, 2025
Listen
Translate
Change font size