Subsidies Budget 2010

Mar 21, 2013 at 10:23 | Source:Moneycontrol.com

Kotak Securities estimates the food subsidy bill for FY14 at Rs 1.2 lakh crore-33 percent higher than the budgeted amount-if the Food Security Bill is approved by Parliament.

Mar 07, 2013 at 15:38 | Source:PTI

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".

Mar 05, 2013 at 17:45 | Source:PTI

The government may have to freeze the diesel subsidy at the current level to protect the budget numbers at some point in time, said Chief Economic Advisor to the Finance Minister, Raghuram Rajan, while flagging concerns over the widening current account deficit.

Mar 05, 2013 at 15:16 | Source:PTI

The massive amount of fuel subsidy, which is taking a toll on government expenditure, is mainly benefiting the rich and not the poor, an IMF official said today.

Mar 05, 2013 at 13:53 | Source:CNBC-TV18

The assumptions made by Finance Minister P Chidambaram in his Union Budget 2013 speech look optimistic and realistic, Atsi Sheth of Moody's Investors Service tells CNBC-TV18. "It is not just revenue growth, but assumptions about subsidy cost are optimistic as well."

Mar 01, 2013 at 13:56 | Source:Reuters

After effectively halving its subsidy on fertilisers for 2013-14 in the budget, India will have to allow producers to take the politically sensitive step of hiking urea prices to farmers or provide additional funding, industry officials say.

Feb 28, 2013 at 15:17 | Source:Moneycontrol.com

Emphasising that Food Security Bill is a promise of the UPA government, Finance Minister P Chidambaram today allotted Rs 10,000 crore as incremental cost to implement the bill. He added that food subsidy is seen at Rs 90,000 crore in FY14.

Feb 28, 2013 at 14:59 | Source:Moneycontrol.com

Bank shares, especially those belonging to the public sector, were hammered as the Budget proposals for farm loans is being viewed as a negative.

Feb 28, 2013 at 10:47 | Source:CNBC-TV18

we are not expecting much of a surprise there, though I would say that for March 2013, there will probably be some deferment of oil subsidy. So, that is the most important number I will be watching on the fiscal deficit math.

Feb 28, 2013 at 09:47 | Source:CNBC-TV18

Sources tell CNBC-TV18 the government is not in the mood for a "flashy Budget". That means no more subsidies a.k.a government handouts. The FM may focus on schemes for women and youth. He may announce an all womens bank. Sources say youth-oriented schemes may get a push.

Feb 28, 2013 at 09:33 | Source:Reuters

Whether the government will reduce borrowing in the next fiscal year is too close to call, but economists polled by Reuters say its resolve to cut spending and giveaways in next week's budget will reignite investor confidence.

Feb 28, 2013 at 08:16 | Source:Moneycontrol.com

The Survey calls for a re-prioritization of expenditure especially in the subsidy front by cutting down the subsidy bill in case of Oil and Fertilizer and by increasing the efficiency of Targeted Public Distribution System (TPDS) and Direct Benefit transfer.

Feb 28, 2013 at 07:00 | Source:Reuters

Finance Minister P. Chidambaram will present one of the most highly anticipated budgets of recent years on Thursday, a blueprint for austerity that forms the centrepiece of India's efforts to stave off a damaging credit ratings downgrade.

Feb 27, 2013 at 21:52 | Source:CNBC-TV18

A day before the Finance Minister, P Chidambaram announces the Union Budget 2013, Kiran Mazumdar Shaw, chairman and managing director, Biocon is worried about the way the FM will manage the growing fiscal deficit.

Feb 27, 2013 at 15:17 | Source:PTI

Claiming that the "downturn is more or less over", the pre-Budget Economic Survey today projected an optimistic 6.1 to 6.7 percent growth in the next fiscal and made a strong call for cutting subsidises.

Feb 26, 2013 at 19:56 | Source:PTI

Government's fertiliser subsidy bill will increase in the wake of a hike in freight rate by the railways on crop nutrients.

Feb 25, 2013 at 17:37 | Source:Moneycontrol.com

The FM will get close to 5.3-5.4 percent fiscal deficit number for 2012-13 through tighter expenditure control and higher PSU dividends that will offset slippage in tax collections, lukewarm spectrum response and spillage in unrealistic subsidy targets set by his predecessor.

Feb 22, 2013 at 14:16 | Source:Reuters

Whether the government will reduce borrowing in the next fiscal year is too close to call, but economists polled by Reuters say its resolve to cut spending and giveaways in next week's budget will reignite investor confidence.

Feb 22, 2013 at 11:46 | Source:Reuters

Finance Minister P. Chidambaram could defy history if he presents a largely austere 2013-14 Budget on February 28, ahead of general elections next year.

Feb 21, 2013 at 18:29 | Source:Moneycontrol.com

In 2011, a 1 percent interest rate subsidy was provided for loans towards affordable housing. The scope of this subsidy should be amplified and broadened to include a wider price band of budget housing to benefit home buyers, especially in lower income groups.