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Fuel Subsidy

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ONGC, OIL free from subsidy if average oil price is $60/barrel

May 22, 2015

ONGC, OIL free from subsidy if average oil price is $60/barrel

The difference between the cost and the retail selling price is borne by the government by way of cash subsidy and upstream producers like ONGC and Oil India. #Economy #NewsTracker #ONGC #GAIL #LPG #Kerosene #Oil India #Fuel Subsidy #Dinesh K Sarraf #Ratan Watal
Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

May 22, 2015

Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

The fuel retailers had lost a total of Rs 72,314 crore on selling diesel (up to 17 October), LPG and kerosene at government rates, which were way below cost in 2014-15. #finance ministry #NewsTracker #ONGC #Indian Oil #LPG #Diesel #Kerosene #Hindustan Petroleum #Bharat Petroleum #Oil India #Fuel Subsidy
Govt may exempt ONGC, OIL from payment of fuel subsidy in Q4

Mar 27, 2015

Govt may exempt ONGC, OIL from payment of fuel subsidy in Q4

The difference between the cost and the retail selling price is borne by the government by way of cash subsidy and upstream producers like ONGC. #Economy #NewsTracker #Oil Ministry #ONGC #GAIL #Oil India #Dharmendra Pradhan #Fuel Subsidy #Urja Sangam
Govt seeks Parliament nod for additional Rs 36,953 cr spending

Mar 09, 2015

Govt seeks Parliament nod for additional Rs 36,953 cr spending

The second batch of Supplementary Demands for Grants 2014-15 was tabled in Parliament today by Finance Minister Arun Jaitley. #Economy #NewsTracker #Arun Jaitley #Ministry of Finance #Fuel Subsidy #Central Sales Tax
Tax math, disinvestments will make or break Arun Jaitley's Budget 2015

Feb 28, 2015

Tax math, disinvestments will make or break Arun Jaitley's Budget 2015

Evaluating the budget is always a tricky job and ideally one should score the earlier budget based on realization versus budgeted numbers. #Economy #GDP #Disinvestment #Food Security Act #Economic Survey #Gaar #Fuel Subsidy #Jan Dhan #Defence expenditure
Budget 2015: Food and fuel subsidy bill may be cut by 20%

Feb 20, 2015

Budget 2015: Food and fuel subsidy bill may be cut by 20%

India may slash its food and fuel subsidy bill by 20 percent, or about $8 billion, in the annual budget to be presented next week, two government sources said. #Finance minister #Arun Jaitley #Food subsidy #Fuel Subsidy #budget 2015 #Budget2015 #Common Man Budget 2015 #Finance Budget 2015
Budget 2015: Three graphics that explain FM Jaitley's task on deficits

Feb 19, 2015

Budget 2015: Three graphics that explain FM Jaitley's task on deficits

A higher fiscal deficit means the government will borrow more from the market through issuance of government securities. #Economy #P. Chidambaram #fiscal deficit #Arun Jaitley #Fuel Subsidy #Revenue Deficit #Budget2015 #primary deficit #Finance Budget 2015
ONGC, others to pay Rs 10,900 cr as fuel subsidy for December quarter

Feb 12, 2015

ONGC, others to pay Rs 10,900 cr as fuel subsidy for December quarter

ONGC and other state-run explorers may have to pay about Rs 10,900 crore in fuel subsidy after Finance Ministry has agreed to provide only Rs 5,085 crore in cash subsidy for the December quarter. #oil #ONGC #IOC #Crude #BPCL #HPCL #brent #Fuel Subsidy #NYMEX
Fuel Subsidy: Oil Ministry seeks Rs 22,101crore for H2 2014-15

Feb 05, 2015

Fuel Subsidy: Oil Ministry seeks Rs 22,101crore for H2 2014-15

Oil Ministry has sought Rs 22,101 crore in fuel subsidy for the second half of current fiscal so as to almost exempt oil producers ONGC and Oil India Ltd from any payments. #Oil Ministry #Petrol #LPG #Diesel #Crude #Kerosene #brent #Fuel Subsidy #NYMEX #excise duy
IMF praises Indian govt for reducing fuel subsidies

Jan 18, 2015

IMF praises Indian govt for reducing fuel subsidies

The government, in October last year, deregulated dieselprices. Following the decision, retail prices of the fuel nowreflects international movement in oil prices. #India #IMF #Petrol #TheySaidIt #Government #Diesel #Fuel #Fuel Subsidies