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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
Keep euphoria in check: S&P warns India's fiscal worries far from over

Apr 14, 2015

Keep euphoria in check: S&P warns India's fiscal worries far from over

S&P highlights the high subsidy burden as the key area of concern, which remains despite fuel-subsidy reforms in 2014. #Economy #UPA #ConnectTheDots #Moody's #Standard & Poor's #NDA #Sovereign credit #Kim Eng Tan #Fertilizer subsidies

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Govt must spend more to make India a sporting superpower

Nov 27, 2013

Govt must spend more to make India a sporting superpower

The situation in our sports is similar to our education system. If govt facilitated creation of good and adequate education infrastructure, then we won't have so many people going abroad for studies. #Sports #Cricket #Government #Subsidies #LetterstoFP #Vikas Gowda #SAI
Union Budget 2013: Cut in fuel, fertiliser subsidy key to trim Non-Plan expenditure

Feb 28, 2013

Union Budget 2013: Cut in fuel, fertiliser subsidy key to trim Non-Plan expenditure

Non-Plan expenditure is expected to grow by 4 percent in 2013-14 against a growth rate of 19 percent seen in 2012-13. #National Security #Food subsidy #petroleum subsidy #Budget 2013