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Punjab: Fiscal woes to worsen as subsidy bill, debt mounting, warns study

Days before the Bhagwant Mann-led Aam Aadmi Party (AAP) government announced free food kits for 40 lakh families registered under the National Food Security Act (NFSA), a study evaluating the state’s finances recommended rationalising subsidies through direct benefit transfers, low-cost borrowing, and strategic debt restructuring to ease fiscal pressure. “Agriculture-related subsidies provide the required support…