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CNBC TV18 Matrix SENSEX NIFTY

Govt to issue Rs 35300cr worth oil bonds for FY08

Published on Fri, May 16 at 16:45 , Updated at Fri, May 16 at 16:56
Source : CNBC-TV18

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The government will issue Rs 35,300 crore worth oil bonds for FY08. The FM has pegged under-recoveries at Rs 70,579 crore, reports  CNBC-TV18. HPCL will receive 21% oil bonds for FY08. BPCL will receive 23% and IOC will receive the remaining 56% of oil bonds issued for FY08.

 

The Oil Marketing Companies will absorb 18-19% of  the total underrecoveries. HPCL will absorb approximately Rs 3000 crore in FY08 versus Rs 770 crore in FY07.

 

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CNBC-TV18 poll sees inflation at 11.15%

The inflation has said to have stablized a bit for the moment....

in Economy - KARUNAS at 26-Jul-08 07:05

CNBC-TV18 poll sees inflation at 11.15%

All external factors are not favour for getting inflation down. Govt. not take any valid steps to curb inflation...

in Economy - keerthi at 26-Jul-08 04:52

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