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Oil subsidies

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By raising petrol, diesel prices govt passes test on oil deregulation; LPG next?

Feb 16, 2015

By raising petrol, diesel prices govt passes test on oil deregulation; LPG next?

The Modi government has, by allowing petrol and diesel prices to rise this week, has indicated that it intends to let prices be determined by market conditions. It needs to distance itself further from these decisions. #Petrol #Oil subsidies #Diesel #Diesel Price HIke #LPG Deregulation #Oil Deregulation #Kerosene Prices
ONGC disinvestment: Why Jaitley should read the story of the Golden Goose first

Jul 18, 2014

ONGC disinvestment: Why Jaitley should read the story of the Golden Goose first

It makes no sense to sell ONGC shares when oil subsidy and pricing policies are in a flux and non-transparent. Selling now means lower price realisation for government #Disinvestment #ONGC #Oil subsidies #Arun Jaitley #Chidambaram #Pranab
In his last act, Chidu fleeces oil companies even more to maintain his fiscal fiction

May 24, 2014

In his last act, Chidu fleeces oil companies even more to maintain his fiscal fiction

The UPA government has expanded the share of subsidies that the oil and gas producers have to pay in 2013-14 so that it can show a lower fiscal deficit. This is nothing but accounting sacrilege. #P. Chidambaram #oil #ONGC #Oil subsidies #GAIL #Modi #OMCs #misgovernance #Public Sector Oil Companies
Union Budget 2013: Chidu's real fiscal deficit will miss by a mile

Feb 27, 2013

Union Budget 2013: Chidu's real fiscal deficit will miss by a mile

If you add the oil subsidies given out by ONGC, Gail and Oil India, the real fiscal deficit will be closer to 5.7 percent despite the FM's best efforts #Oil subsidies #fiscal deficit #Budget 2013
Additional oil subsidy done in view of difficult situation: FM

Dec 14, 2012

Additional oil subsidy done in view of difficult situation: FM

The government today justified its proposal for additional oil subsidy of Rs 28,500 crore, saying it was being done in view of "difficult situation" as members in the Lok Sabha attacked the move. #P. Chidambaram #Oil subsidies #TheySaidIt #OMC
Mr Kelkar, both Pranab and Chidu have been cooking the books

Sep 27, 2012

Mr Kelkar, both Pranab and Chidu have been cooking the books

Vijay Kelkar is appalled to see the huge gap between budget numbers and reality. The truth is both Chidambaram and Pranab have been pulling numbers out of a hat #Numbers #Oil subsidies #fiscal deficit #Vijay Kelkar
If these are economic reforms, I'm Amitabh Bachchan

Sep 21, 2012

If these are economic reforms, I'm Amitabh Bachchan

Too many ordinary changes are being dubbed as big ticket economic reforms by the pink business newspapers while what is needed is not being addressed. #Oil subsidies #Subsidies #FDI in multi-brand retail #EconomicReforms
The Rs 16,653 cr lie at heart of govt's diesel price justification

Sep 17, 2012

The Rs 16,653 cr lie at heart of govt's diesel price justification

In 2011-12, the government did not pay net subsidies of even one paisa to the oil companies. It paid less as subsidies than it collected as taxes. #ConnectTheDots #Oil subsidies #Diesel Price HIke #Big Bang Friday
Why the diesel hike will not even dent the fiscal deficit

Sep 14, 2012

Why the diesel hike will not even dent the fiscal deficit

Despite the diesel price hike, the subsidy burden in the budget is not going to come under control. Without further steps, there is no fiscal nirvana #HowThisWorks #GDP #Oil subsidies #fiscal deficit #food subsidies
No miracles in Chidu's first month as FM: Budget in a mess

Sep 01, 2012

No miracles in Chidu's first month as FM: Budget in a mess

A month after Chidambaram took over as FM, the government's finance continue to slide. #Oil subsidies #fiscal deficit #FiscalCrisis