The oil marketing companies (OMCs) have projected under-recoveries at Rs 1.6 lakh crore. Currently, government‘s total subsidy burden stands at Rs 2.06 lakh crore and the government is trying to meet a fiscal deficit target of 5.3 percent, reports Akansha Sethi of CNBC-TV18.
first published: Jan 3, 2013 06:26 pm
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