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FM should not rob oil companies to show a lower deficit
There are right ways and wrong ways of cutting down oil subsidies. The finance ministry, in a bid to show the markets that it is cutting down on oil subsidies, is choosing the wrong way. Yesterday, after much hemming and hawing, the ministry agreed to reimburse the oil marketing companies #Diesel Subsidies #Finmin #GAIL #OMCs #ONGC #Subsidies
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FM asks Finmin to implement financial reform panel views
New Delhi: The financial sector regulator should seriously look at implementing some of the proposals suggested by FSLRC to reform the regulatory architecture for the sector, Finance Minister P Chidambaram said. "Many of the elements of the Financial Sector Legislative Reforms Commission (FSLRC) recommended legal processes are not repugnant to the #finance ministry #Justice BN Srikrishna #NewsTracker #P Chidambarm
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FM to dole out Rs 1 lakh cr in oil subsidy, but wants change in pricing formula
New Delhi: The Finance Ministry today agreed to dole out a record Rs 100,000 crore towards diesel and cooking fuel subsidy in 2012-13 but wants pricing formula to be changed from current year to cut down the outgo. Finance Ministry, which had previously given out cash subsidy of Rs 55,000 crore, #Diesel Subsidy #Fuel Subsidy #LPG #M Veerappa Moily #NewsTracker #P. Chidambaram
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Li’s visit helped reorient Chinese perceptions of India
Chinese official media may have faithfully echoed the storyline for Premier Li Keqiang's recent visit to India, but independent commentators are casting a skeptical look at the things that unite the two countries - in an unflattering way. The official Xinhua news agency noted that Premier Li had concluded the #Ch-India #EyeOnChina #Li Keqiang #Manmohan Singh
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Govt waits for all-party consensus on Food Bill: Anwar
New Delhi: The government does not want to take any hasty decision on the Food Bill and would like to take all political parties on board for its smooth passage in the next session of Parliament, Minister of State for Agriculture Tariq Anwar said today. "We are not in a hurry #Economy #food bill #India #PolicyWatch #Politics #Tariq Anwar
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Gold duty to fall as govt lowers import tariff value again
New Delhi: In the wake of falling global prices of precious metals, the government today further slashed the import tariff value of gold to $440 per ten grams, while it has been kept unchanged at $761 per kg for silver imports. Tariff value is the base price on which the customs #Gold #Import tariff #yellow metal
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FinMin asks cash-rich PSUs Coal India, ONGC to buy other govt equity
New Delhi: The Finance Ministry has asked cash rich PSUs like Coal India, ONGC and Oil India to consider buying government equity in other state-run firms to help achieve Rs 40,000 crore disinvestment target in the current fiscal. "We have written to all cash rich PSUs enquiring about their cash balance #coal india #Disinvestment #Oil India #ONGC #WhoSaidWhat
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Lack of staff benefits to limit boom in India’s temps industry
Companies are increasingly taking to flexible employment, or temporary staffing, but refuse to give any major benefits to such staff, which is likely to make it an unattractive proposition for potential job seekers. Flexible employment is hiring staff on project basis. According to the latest World Development Report on Jobs, temporary #Employment #jobs #WhatNext #World Development Report 2013: Jobs
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Banks make base rate scapegoat for not reducing lending rates
"The search for a scapegoat is the easiest of all hunting expeditions," former United States President, Dwight David Eisenhower once said. Indian banks seem to be indeed participating in the easiest hunting expeditions, by playing the blame game. According to a report published in The Economic Times today, banks #bank rates #GoodReads #RBI
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Decoding the great Indian real estate ponzi scheme
A headline can sometimes tell you the complete story. The May 20, 2013, Hindi edition of the Business Standard had one such headline. “Intehan ho gayi intezar ki, aayi na kuch khabar ghar bar ki (Its been a long time waiting, and there is still no news of the house),” #Debt #DLF #HowThisWorks #Ponzi scheme #Project launches #property #Real estate
