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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
Dear PM Narendra Modi, here's why I will not be giving up my LPG subsidy

Apr 10, 2015

Dear PM Narendra Modi, here's why I will not be giving up my LPG subsidy

A political party and its followers who threw a fit when the UPA government decreased the number of subsidized LPG cylinders now want everybody to renounce subsidy. #Narendra Modi #ConnectTheDots #LPG #LPG cylinders #NDA Government #LPG subsidy
PM asks better-offs to forgo LPG subsidy, help the poor get gas connections

Apr 03, 2015

PM asks better-offs to forgo LPG subsidy, help the poor get gas connections

"Give it up" campaign should be taken up on the lines of "Swacch Bharat" and "Beti Bachao, Beti Padhao initiatives, Modi said. #Economy #UPA #BJP #Narendra Modi #NewsTracker #LPG subsidy
PM Modi urges the rich to ditch LPG subsidy; resolves to cut dependence on oil imports

Mar 28, 2015

PM Modi urges the rich to ditch LPG subsidy; resolves to cut dependence on oil imports

Prime Minister Narendra Modi on Friday appealed to the well off people to give up subsidised cooking gas. #Business #India #NewsTracker #Subsidy #Cooking Gas #DBT #subsidised LPG #PM Narendra Modi
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