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Total 122 results found. Search for [ hikes subsidy ]

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Ajay Modi
February 11, 2014
For a country with an alarmingly high fiscal deficit, India can hardly afford oil subsidies. But sound economics is often trumped by populist politics in the world's largest democracy, especially with a general election around the corner.


PTI
New Delhi, January 31, 2014
\"...what one should be careful about is expanding the misdirected subsidies in the system. We have to be very careful because we need to spend on very important things we are not spending on,\" RBI governor  Raghuram Rajan told a television news channel.


PTI
New Delhi, January 30, 2014
Announcing the decision taken by the Cabinet Committee on Political Affairs, Oil Minister M Veerappa Moily said raising the quota of subsidised LPG to 12 cylinders from nine at present, will cost Rs 5,000 crore in additional subsidy annually.


PTI
New Delhi, December 20, 2013
\"We still hope that in the days to come and within a couple of months, we are going to deregulate diesel prices completely,\" oil minister Veerappa Moily said at the Bloomberg TV India Autocar Awards function in Mumbai.


Anand Adhikari
November 6, 2013
Reserve Bank of India Governor Raghuram Rajan spoke to a group of magazine reporters, including Business Today's Anand Adhikari, immediately after announcing his second monetary policy review.


PTI
New Delhi, October 30, 2013
The panel, headed by former Planning Commission member Kirit S Parikh, suggested that after the price hike, oil companies should be given a fixed subsidy of only Rs 6 per litre on diesel and any difference between cost of production and retail price should be passed on to consumers.


BT Online Bureau
New Delhi, October 17, 2013
Minimum support price (MSP) is the rate at which government buys the grain from farmers. The government has raised the price to Rs 1,400 per quintal to encourage farmers to cover more area under the crop.


Manisha Singhal
Mumbai, September 25, 2013
The Finance Ministry has decided to hold back the equity support of Rs 3,574 crore it had said it would provide to Air India, civil aviation ministry and Air India sources said.


Agencies
New Delhi, September 24, 2013
Staggered office timings for government employees to decongest traffic and staffers taking public transport to workplace once a week are part of the mega drive unveiled by Oil Minister M Veerappa Moily to save $5 billion in oil imports.


BT Online Bureau
Mumbai, September 6, 2013
Oil and gas stocks rose up to 7.1 per cent amid hopes that a decision on raising fuel prices will be taken after UPA Chairperson Sonia Gandhi returns from the US.


PTI
New Delhi, August 31, 2013
Diesel prices may be hiked by Rs 3-5 per litre, kerosene by Rs 2 and LPG by Rs 50 per cylinder as Oil Minister M Veerappa Moily urged Prime Minister Manmohan Singh to take steps to tackle a record Rs 180,000 crore of losses arising from dipping rupee and surging oil rates.


BT Online Bureau
New Delhi, July 19, 2013
The power distribution sector is suffering due to huge losses of over Rs 2.46 lakh crore.


Anilesh S. Mahajan
July 22, 2013
India's current economic crisis - the current account deficit is at a historic 5 per cent of GDP - has catalysed the steps to reform the sector. A widening CAD has weakened the rupee, making fuel imports costlier.


PTI
New Delhi, July 1, 2013
But with rupee dropping below 60 to a US dollar, losses on diesel have climbed back to 8.60 per litre, sources said adding after adding local sales tax or VAT, the desired increase in retail prices comes to Rs 9.67 in Delhi.


BT Online Bureau
May 10, 2013
The increase comes to Rs 1.02 per litre in Delhi where the fuel will now cost Rs 49.69 a litre compared to Rs 48.67 previously, Indian Oil Corp, the nation's largest fuel retailer, said in a press statement.


Boston
April 17, 2013
Finance Minister P Chidambaram, who is in the US to woo foreign investors, said the government would set up regulators for the coal and road sectors and undertake more power sector reforms.


Anilesh S. Mahajan
February 26, 2013
Even two months after the partial decontrol of diesel prices, private players such as Essar Oil, Reliance Industries and Shell are selling the fuel at 25 per cent higher price than the public sector units.


PTI
Mumbai, January 21, 2013
Bank of Amercia-Merrill Lynch (BofA-ML) says the recent partial diesel price hike will inflict a 1.20 per cent burden on the already sticky inflation and that the price index will remain elevated throughout the next fiscal.


PTI
New Delhi, January 18, 2013
A 14.2-kg LPG cylinder that consumers will have to buy after they exhaust their enhanced quota of 9 subsidised bottles in a year will cost Rs 942 from Friday, according to Indian Oil Corp (IOC).


BT Online Bureau
Mumbai, January 17, 2013
The BSE Sensex recovered by 146 points on fund-based buying mainly in oil stocks like Reliance Industry (RIL) and Oil and Natural Gas Corporation (ONGC).


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