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Subsidies

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Indonesian plane that crashed was carrying $4,70,000 for poor families

Aug 17, 2015

Indonesian plane that crashed was carrying $4,70,000 for poor families

Four postal workers aboard the plane were escorting four bags of cash totaling $468,750 in government fuel aid money. #NewsTracker #Indonesia #Subsidy #Fuel #Joko Widodo #Trigana Air Service
ONGC Q1 net profits jumps 14% to Rs 5,460 cr on lower fuel subsidy

Aug 13, 2015

ONGC Q1 net profits jumps 14% to Rs 5,460 cr on lower fuel subsidy

Net profit in April-June period at Rs 5,460 crore was up 14.2 percent from Rs 4,782 crore in the year ago quarter. #Business #ONGC #EarningsShow #Fuel Subsidy #DK Sarraf
Patchy rains: Govt readies Rs 300 cr plan for farmers, to offer subsidised diesel and seeds

Aug 13, 2015

Patchy rains: Govt readies Rs 300 cr plan for farmers, to offer subsidised diesel and seeds

Subsidies for seeds and diesel and a few other measures to help cushion the blow of poor monsoon would cost Rs 300 crore #Subsidy #farmers #below normal monsoon
How UPA govt subsidies contributed to the real estate bubble

Jul 20, 2015

How UPA govt subsidies contributed to the real estate bubble

While cutting down on subsidies further may not be politically possible, if more and more of subsidies are paid directly into the bank account of the beneficiaries, the total amount of black money within the system is likely to come down. #Black money #UPA #Subsidies #Real estate
Modi meets budget deficit goal; cut in capital spending, low crude price help

May 29, 2015

Modi meets budget deficit goal; cut in capital spending, low crude price help

With banks weighed down by bad loans, company profits squeezed, rural demand weak and exports depressed, the government recognises it will have to take the lead to meet its jobs and growth goals. #Economy #HowThisWorks #GDP #Narendra Modi #fiscal deficit #Subsidy #Tax #Budget deficit
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
Modi is ending UPA's oil mess, but cannot remain a fair weather deregulator

Apr 22, 2015

Modi is ending UPA's oil mess, but cannot remain a fair weather deregulator

The government's decision to free ONGC from having to subsidise LPG this year is good, but this decision cannot depend on the vagaries of global oil prices. Deregulation cannot be brought in or abandoned based on convenience #ONGC #LPG Subsidies #Dharmendra Pradhan #Oil Price Deregulation #Windfall Profits Tax