NEW DELHI, Aug 29 (Reuters) - India's budgeted food subsidy
of 900 billion rupees ($13.21 billion) is adequate to take care
of the cost of the rollout of a plan to provide cheap food
grains to the poor this fiscal year, Finance Minister P.
Chidambaram said on Thursday.
Indian stocks plummeted more than 3 percent in each of the
two sessions after the lower house of parliament approved the
plan on Monday, on fears additional government spending on
subsidies would widen the fiscal deficit.
($1 = 68.1450 Indian rupees)
(Reporting by Rajesh Kumar Singh)