Subsidy Burden

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In a CNBC-TV18 exclusive, sources say that upstream company ONGC ’s subsidy burden for the financial year 2012 will be around Rs 44,000-45,000 crore. Subsidy burden in FY12 stood at Rs 1,38,541 crore. On Friday, CNBC-TV18 reported that the ...
May 21, 2012 at 16:23 | Source: MoneyControl.com
“This plan is credit positive for oil marketing companies, including Indian Oil Corporation Ltd (IOC, Baa3 stable), which had limited capacity to share any subsidy burden in the fiscal year owing to a cyclical downturn in the industry’s refi ...
May 28, 2012 at 12:04 | Source: firstpost.com
Another, silver lining in this regard is the recent decline in oil prices that could further reduce the monthly built-up in the circular debt and thus ease subsidy.Government likely stance of bearing the burden of subsidy, would affect IPPs operating under ...
May 28, 2012 at 04:04 | Source: Nation
In Delhi, petrol raised by Rs.7.54 per litre. There has been speculation that the government might also increase prices of diesel and cooking gas to reduce subsidy burden. Reddy also ruled out possibility of introducing dual pricing mechanism ...
May 28, 2012 at 08:43 | Source: in.com
He said the Government had provided subsidy of Rs 1,38,541 crore during 2011-12 and a subsidy burden of Rs 1,89,605 crore on petroleum products was due during the current year. "The government is bearing a subsidy of Rs 503 per LPG cylinder, a subsidy of ...
May 22, 2012 at 09:12 | Source: Deccan Herald
Finance Minister AMA Muhith yesterday signalled a further hike in fuel and power prices in the next budget to reduce the subsidy burden on the government. Muhith sat at a pre-budget meeting with the editors and other senior journalists of the print and ...
May 13, 2012 at 17:58 | Source: The Daily Star
and are therefore expected to remain stable, the high subsidy burden and lack of policy clarity do affect the financial flexibility of these companies.
May 24, 2012 at 11:47 | Source: Reuters UK
The government has increased electricity tariff by 16 per cent putting an additional burden of Rs88 billion per annum on electricity consumers in a desperate move to minimise power subsidy. Undeterred by the stay order from the Lahore High Court ...
May 18, 2012 at 04:02 | Source: Khaleej Times
the government was paying a subsidy of 46 per litre, as the landing cost of PMS from the international market was N143 as at January. But with the rising cost of crude oil at the international market, government's burden has increased as the landing cost ...
May 14, 2012 at 11:45 | Source: AllAfrica.com
While this price hike will not help reduce subsidy burden or fiscal deficit as petrol is already deregulated (the government does not bear a share of the under-recoveries on petrol), it will benefit the OMCs as they will not incur losses on the ...
May 25, 2012 at 06:38 | Source: Commodity Online