Finance ministry red flags extending free food scheme https://ift.tt/MwZpBvr government has budgeted ₹2.07 lakh crore for food subsidies in FY23, lower than the revised ₹2.86 lakh crore for FY22. The PMGKAY extension till September is expected to swell the subsidy bill to about ₹2.87 lakh crore. Extending the scheme by a further six months could cost another ₹80,000 crore in FY23, lifting the food subsidy to nearly ₹3.7 lakh crore.
NSE IFSC-SGX Connect may be fully operational by June https://ift.tt/XC89Iks this connectivity, global investors who are clients of SGX will be able to trade in Indian derivatives market remotely without having to set up a shop in India. Currently, only a few trades are being executed through the route.
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