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.
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
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.
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
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.
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
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.
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.
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
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.
Mr FM, think economy-friendly, not market-friendly policies
The FM should address the long-term issues on fiscal consolidation rather than just focus on short-term market-friendly moves. Or else there will be hell to pay
We will be bled dry in two years, warns ONGC chief
ONGC is beginning to fret about the permanent subsidies it is forced to bear due to the UPA's myopic oil pricing policies
Oil cos' profits are largely fiction: It's done with mirrors
Both the government and the oil companies are presenting accounts that bear little resemblance to reality.
Pranab-da has left more ticking bombs for Manmohan
The former FM has cleaned out the coffers before he left for Rashtrapati Bhavan. Manmohan will have to scrounge for the money.
Nifty futures, Asian indices swing in choppy trades
Manmohan Singh sets the tone right for reforms, but markets today have Europe on their minds.
If it's June, it's time for a diesel and gas price hike
With Pranab Mukherjee gone and the PM taking over the finance ministry for a while, one should expect a diesel price hike this week
Fuel price hike: Popular outrage, and false economics of subsidies
It's a myth that subsidies shield the poor and that any reform of the subsidy regime works against the interest of the indefinable 'aam aadmi'.
When will Pranab stop the loot of oil companies?
The aam taxpayer's resources and the aam investor's wealth are being eroded in the name of subsidising the aam aadmi's petro-goods<br /><br />
Subsidised oil is bleeding us: Rs 21 cr losses every hour!
If the UPA government did nothing more than deregulate oil prices, even in stages, it can rescue the economy
Now, ONGC cribs about subsidies, but will govt listen?
In the eight years upto December 2011, ONGC has shelled out Rs 1,52,000 crore in subsidies - that's a Rs 1,250 paid for each Indian resident.