Fuel Subsidies

The country has introduced system to ensure the power ministry stays connected with the finance ministry and the central bank to discuss and get an estimate on what to set aside for energy imports, Kanchana Wijesekera said.

Fuel subsidies are back: Oil cos to get Rs 30,000 crore for holding petrol, diesel prices

Finance Minister Nirmala Sitharaman has allocated the money under the head "capital support to oil marketing companies". It offered no explanation why the blue chip, cash rich oil PSUs should need capital support.

NPR, not Aadhaar, best tool for cash transfer: BJP's Sinha

BJP leader and former finance minister Yashwant Sinha supported the steps taken by the Reserve Bank of India to curb inflation. He said the RBI was forced to hike rates as the government had abandoned its responsibility of controlling inflation.

Govt may cut FY14 plan expenditure to rein in 4.8% growth

CNBC-TV18's Aakansha Sethi reports the petroleum subsidies are likely to overshoot the budgeted amount by about Rs 40,000 crore.

FM may focus on fiscal discipline to boost FII morale: Poll

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.

Fuel subsidy benefit people having cars & motorcycles: OECD

Fuel subsidies are not really helping achieve the desired purpose and are mostly benefiting people having cars and motorcycles, a top official of Paris-based think tank OECD said today.

ONGC may bear Rs 12300cr subsidy burden for Apr-Jun

State-owned Oil and Natural Gas Corp (ONGC) may have to shell out a record Rs 12,300 crore in fuel subsidies in the April-June quarter as the government deters from raising retail fuel prices.

FM may tweak fuel taxes to cushion oil retailers

India, struggling to balance between cutting its costly fuel subsidies and curbing inflation, may tweak fuel taxes in the February 28 budget to cushion the blow of rising global crude prices on state-run oil retailers.