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FM should not rob oil companies to show a lower deficit
The finance ministry's efforts to force export parity pricing down oil companies throats is a short-cut to a lower fiscal deficit that will damage balance-sheets unnecessarily #ONGC #GAIL #Subsidies #OMCs #Diesel Subsidies #Finmin
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FM to dole out Rs 1 lakh cr in oil subsidy, but wants change in pricing formula
Finance Ministry, which had previously given out cash subsidy of Rs 55,000 crore, agreed to give Rs 40,000-45,000 crore more to cover for unmet revenue losses on fuel sale in the fiscal year ending March 31, 2013. #P. Chidambaram #NewsTracker #LPG #Diesel Subsidy #M Veerappa Moily #Fuel Subsidy
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Siddaramaiah doles out sops worth Rs 4400 cr after being sworn in
Among the sops doled out by the Chief Minister include low cost foodgrains, waiving of electricity dues and subsidies for homes. #PoliticalPlay #Karnataka #Subsidies #Siddaramaiah #Siddaramiah
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Gold, oil crash is silver lining, but beware the dark cloud
While the commodities crash of last week is generally a good thing, it isn�t an unalloyed blessing for the Indian economy. #HowThisWorks #Gold #P. Chidambaram #C Rangarajan #oil #Subsidy #Current Account Deficit #Global economy
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Will the Indian economy really find its mojo before the elections?
Investors with deep pockets who turned out to hear Chidambaram in Boston, New York and Washington are wrestling with one moot question: Is it worth investing in India as it heads to the polls in 2014? #P. Chidambaram #ConnectTheDots #FDI #LPG #cash subsidy
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LPG cash subsidy: How oil cos will pay for UPA re-election
The PMO is planning to pay the LPG cash subsidy for only one cylinder upfront: this means the oil companies will bear a part of the UPA's re-election costs #Cash-for-votes #LPG #Cash transfers #LPG Subsidies #Direct Benefits Transfer
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Want quick rollout of LPG subsidy via direct benefit transfer: FM
Finance Minister P Chidambaram today said that the government wanted a quick rollout of LPG subsidy under the Direct Benefit Transfer (DBT). The rollout all over the country is likely to be completed by the end of 2013-14, he added. #P. Chidambaram #TheySaidIt #Sugar decontrol #LPG subsidy #Direct Benefit Tax
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How the govt itself stoked the fires of food inflation
A government commission says that food price inflation is a direct result of the government's own deficits and food buffer policies #HowThisWorks #food inflation #CACP #Fertiliser Subsidy
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Direct cash transfer: Taking stock of how it fares
The partial rollout of direct cash transfer has both merits and demerits, an article in the Hindu Business Line has said. #Subsidies #rural banking #Savings #GoodReads #Direct Cash Transfer
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Govt to cut subsidies outgo to 1.5% of GDP by 2016-17
The government today said it will reduce outgo on subsides from 2.6 percent of GDP in 2011-12 to 1.5 percent by the end of 12th Plan (2012-17) to contain the expenditure within a "pre-determined level of affordability". #GDP #TheySaidIt #Subsidies #spending #outflow