what is subsidy? shoud it continue in india?
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Definition: Subsidy is a transfer of money from the government to an entity. ... Subvention refers to a grant of money in aid or support, mostly by the government.
Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates). Furthermore, they can be broad or narrow, legal or illegal, ethical or unethical.
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