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`Freebies` Vs `Welfarism`: As Supreme Court Mulls Over Matter, RBI Raises Red Flags

The RBI report reveals that the share of subsidies in the total revenue expenditure of states has increased from 7.8 per cent in 2019-20 to 8.2 per cent in 2021-22 and states like Punjab and Chhattisgarh are on top as they spend 10 per cent of their revenue expenditure on subsidies.

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