Oil Subsidies

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

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

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.

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

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.

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.