Oil Subsidy

Sources say the government may peg the new target at Rs 30,000 crore, far lower than the aggressive Rs 69,500 crore it had laid out during the Union Budget.

India Ratings lowers growth forecast to 5.6%

The agency pegged the final fiscal deficit print at 4.2 percent, against the budget promise of 4.1 percent, despite the 10 percent spending cut announced last week

See risks to 4.1% FY15 fiscal deficit target: BofA ML

Indranil Sengupta believes there are risks to 4.1% fiscal deficit target for FY15 as tax revenue projections look ambitious. But he does not think the government's borrowing programme is at risk.

Highlights of Interim Budget; tax sops, lower borrowing

There were no nasty surprises in the form of populist measures from the Interim Budget, but the government seems to be trying to reach out the corporate sector and the middle class as evident from some of the indirect tax incentives.

Oil Min seeks $1.9 bn centre subsidy for April-June: Source

Oil ministry has sought Rs 11,451 crores ($1.91 billion) cash subsidy from the finance ministry to partly offset the revenue losses of state retailers for selling fuel at below-market prices in April-June.

Subsidy share for OMCs to go up to 50% on rupee fall: Citi

Saurabh Handa of Citi India told CNBC-TV18 that the depreciating rupee may increase the subsidy share for the upstream companies by almost 13 percentage point. He expected a gas price hike in either FY14 or FY15.

Don't see FY14 oil subsidy bill exceeding Rs 80,000 cr: FM

Export parity price will help government to cut oil subsidy burden and thus meet its 4.8 percent fiscal deficit target in FY14, says Finance Minister.

FY14 subsidy outgo of upstream cos seen up by 45%: Tulsian

Upstream companies may have to shell out more for oil subsidy contribution in FY14, believes SP Tulsian.

FinMin okays Rs 45,000cr for Jan-Mar oil subsidy

Finance Ministry has approved Rs 45,000 crore for January-March oil subsidy. Meanwhile, export parity pricing, although agreed upon by oil ministry will atleast take three months to be implemented.

Oil retailers plunge on export parity pricing talks

Oil ministry has in-principal agreed to adopt export parity pricing for petroleum products after a meeting with finance minister and PMO, OMC stocks are down 4-6% following the news.

Economic Survey: 6.4% growth grand; subsidy tradeoff key, says JPMorgan

Sajid Chinoy of JP Morgan believes average 6.4% growth to be a bit ambitious given the higher fiscal consolidation going on in the country.

Budget 2013-14: FinMin likely to prune FY13 expenditure by 28%: Sources

Finance minister has been reiterating that the 5.3 percent fiscal deficit target will be met. CNBC-TV18's Akanksha Sethi gives in details on how it is going to be done.

Oil marketing companies, suddenly everyone's favourite

TS Harihar, derivatives analyst at ICICI Securities tells CNBC-TV18 that the irrespective of what happens as an outcome of the EGoM, oil marketing companies (OMCs) appear to be in a sweet spot now.

Ad hoc nature of subsidies should be eliminated: RS Sharma

The government has closed its oil subsidy account for fiscal year 2011 by giving state-owned oil marketing companies an additional subsidy of Rs 20,000 crore.