Indian Economy
Subsidies mean

payment by government for purchase of goods and services
payment made by the government to business enterprises, without buying any goods and services
payment made by companies to shareholders
payment made by business enterprises to factors of production

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Indian Economy
The budget deficit means

difference between revenue receipts and revenue expenditure
difference between all receipts and all the expenditure
the excess of total expenditure, including loans, net of lending over revenue receipts
fiscal deficit less interest payments

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