GK and monthly revision

Indian states spent Rs 1.9 lakh crore on power subsidies in a year, CAG report says

According to a report by the Comptroller and Auditor General (CAG), Indian states allocated a staggering Rs 1.9 lakh crore for power subsidies in the fiscal year 2024-25. This expenditure represented over 43% of the total state subsidy spending, highlighting the significant financial burden that power subsidies impose on state budgets, especially in the context of rising interest payments on previous loans. This situation underscores the need for sustainable fiscal policies and efficient energy management, making it crucial for policymakers and exam aspirants alike.