The UPA Government is always telling about heavy burden on the exchequer due to the subsidy to the common people whether it is on oil, petrol, diesel, agriculture and so on. But what is the reality? More subsidy is given to the few corporates than to the crores of common people. In 2011-12, while only Rs.2,16,297 crore was provided as subsidy to the people, Rs. 5,29,432 crore was given to the corporates. This is not for 2011-12 alone. The same discrimination is continuing for years together. See the connected figures ( From the Annexure to the Budget Documents)
Year Subsidy to People Subsidy to corporates
2004 – 2005 Rs. 45,957 crore Rs.1,58,661 crore
2005 – 2006 Rs. 47,522 .. Rs.2,06,700 ..
2006 – 2007 Rs. 57,125 .. Rs.2,39,712 ..
2007 – 2008 Rs. 70,926 .. Rs.2,85,052 ..
2008 – 2009 Rs.1,29,243 .. Rs.4,14,909 ..
2009 – 2010 Rs.1,41,351 .. Rs.5,02,299 ..
2010 – 2011 Rs.1,73,420 .. Rs.5,11,990 ..
2011 – 2012 Rs.2,16,297 .. Rs.5,29,432 ..
Total 8 years Rs.8,81,841 crore Rs28,48,755 crore
There is a difference of about Rs.20 lakh crore in the last 8 years alone. The difference is increasing every year. These subsidies to the corporates are mainly due to reduction in taxes to be paid by the corportes and big business house.
If anybody says that this is the government of the corporates, it is true. The government should be ‘of the people for the people and by the people’.