Hike likely in diesel, LPG, kerosene prices
September 5th, 2012 - 8:50 pm ICT by IANS
New Delhi, Sep 5 (IANS) The oil ministry has moved a cabinet note seeking a hike in diesel, cooking gas and kerosene prices and limiting supply of subsidised cooking gas ... Read more...
Posted in Business |
Selective stimulus possible for industry: Rangarajan
June 29th, 2012 - 5:11 pm ICT by IANS
Kolkata, June 29 (IANS) Stating that action would be taken to cut the subsidy bill as early as possible, C. Rangarajan, chairman of the Economic Advisory Council of the prime ... Read more...
Posted in Business |
India to cut subsidies to 1.75 percent of GDP in 3 years: Mukherjee
May 5th, 2012 - 8:21 pm ICT by IANS
Manila, May 5 (IANS) The Indian government is committed to bringing down subsidies to below two percent of the country's gross domestic product (GDP) in the current fiscal ... Read more...
Posted in Business |
Libya, Syria turmoil posing problems for economy: Pranab
April 1st, 2012 - 6:34 pm ICT by IANS
Kolkata, April 1 (IANS) India is concerned about the political turmoil in Libya and Syria as unstable situations in there are posing serious problems for the Indian economy, Union ... Read more...
Posted in Business |
Budget: A manuscript of good intentions? (News Analysis)
March 16th, 2012 - 6:56 pm ICT by IANS
New Delhi, March 16 (IANS) It has made all the right noises about the need to reform and prune subsidies, and even extends incentives to tax payers. But without ... Read more...
Posted in Business |
Government subsidy burden at 10-year high
March 6th, 2012 - 6:15 pm ICT by IANS
New Delhi, March 6 (IANS) The Indian government's subsidy burden is expected to reach 2.5 percent of the country's gross domestic product (GDP) for the fiscal ending March 31, the ... Read more...
Posted in Business |
India to cut subsidies on non-urea fertilisers next fiscal
March 1st, 2012 - 9:25 pm ICT by IANS
New Delhi, March 1 (IANS) In a bid to control the widening fiscal deficit, the government Thursday said it will reduce subsidies on phosphate and potash-based fertilisers by over ... Read more...
Posted in Business |
Food bill burden won’t be big: Thomas
February 12th, 2012 - 6:21 pm ICT by IANS
New Delhi, Feb 12 (IANS) The proposed National Food Security Bill (NFSB) will not entail "large" financial implications for the government, Minister of State for Food, Public Distribution and ... Read more...
Posted in Politics |
Finance minister says losing sleep over rising subsidy bills
February 8th, 2012 - 6:23 pm ICT by IANS
New Delhi, Feb 8 (IANS) A worried Finance Minister Pranab Mukherjee Wednesday said he is losing sleep over the rising subsidy bills, notably on food, fertiliser and petroleum products."As ... Read more...
Posted in Business |
RBI wants government to deregulate diesel price
January 24th, 2012 - 8:47 pm ICT by IANS
Mumbai, Jan 24 (IANS) The Reserve Bank of India (RBI) Tuesday suggested that the government deregulate the price of diesel fully to help contain aggregate demand and the trade deficit ... Read more...
Posted in Business |
No plan to increase urea price: Fertiliser minister
January 16th, 2012 - 7:02 pm ICT by IANS
New Delhi, Jan 16 (IANS) The Indian government Monday spiked newspaper reports that it was seeking to increase by 40 percent the prices of urea, the most widely used soil ... Read more...
Posted in Business |
Fiscal deficit management need of the hour: Pranab
January 14th, 2012 - 5:41 pm ICT by IANS
Kolkata, Jan 14 (IANS) Faced with a widening fiscal deficit due to a dip in revenue and growth in expenditure, Finance Minister Pranab Mukherjee Saturday called for containing the ... Read more...
Posted in Business |
Cabinet nod to food bill likely Tuesday
December 12th, 2011 - 7:53 pm ICT by IANS
New Delhi, Dec 12 (IANS) With the cabinet all set to approve the draft National Food Security Bill Tuesday, the government plans to introduce it in the ongoing winter ... Read more...
Posted in Business |
RBI hints at more monetary action to curb inflation
November 22nd, 2011 - 8:25 pm ICT by IANS
Hyderabad, Nov 22 (IANS) Reserve Bank of India (RBI) Governor D. Subbarao Tuesday did not rule out further monetary action to curb inflation.He said monetary steps may be warranted in ... Read more...
Posted in Business |
Food bill to address cost-sharing concern of states
November 21st, 2011 - 9:03 pm ICT by IANS
New Delhi, Nov 21 (IANS) Taking note of concerns of the states, the central government has provided for cost sharing in all the schemes under the draft National Food ... Read more...
Posted in Business |
Changing food habits causing inflation: Thomas
October 28th, 2011 - 5:06 pm ICT by IANS
New Delhi, Oct 28 (IANS) Changing food habits and increased purchasing power were causing high food inflation in the country, a minister said Friday."Food habits of people are changing. Their ... Read more...
Posted in Business |
Fuel prices to fall if global prices dip further (Lead)
August 9th, 2011 - 9:11 pm ICT by IANS
New Delhi, Aug 9 (IANS) The government Tuesday said that prices of petrol and other fuel could be lowered if global crude prices continue to slip further.A fall in ... Read more...
Posted in Business |
India’s subsidies should not be grabbed by the rich: Jeffrey Sachs (Interview)
August 8th, 2011 - 4:26 pm ICT by IANS
New Delhi, Aug 8 (IANS) India needs subsidies to help its teeming millions reeling under poverty but its welfare policies need to be revamped so that doles are not ... Read more...
Posted in Business |
Dalai lama registers for Unique Identification Card in Dharamsala
April 12th, 2011 - 7:49 pm ICT by ANI
Dharamsala, Apr 12 (ANI): Tibetan spiritual leader, the Dalai Lama, registered for the Unique Identification Card in Himachal Pradesh's Dharamsala city on Tuesday.The concerned authorities here said the other Tibetans would be ... Read more...
Posted in National |
Government to stick to fiscal deficit target, borrowing limit
April 9th, 2011 - 8:08 pm ICT by IANS
New Delhi, April 9 (IANS) The Indian government will meet the fiscal deficit target during the current fiscal and not exceed its borrowing limit, top finance ministry officials said ... Read more...
Posted in Uncategorized |
Government favours end to subsidised cooking gas to rich: Minister
March 29th, 2011 - 4:34 pm ICT by IANS
New Delhi, March 29 (IANS) The government is seriously thinking of "ending concessional pricing" of cooking gas to the better off to bring down the mounting bill on oil subsidy, ... Read more...
Posted in Business |
States alerted against smuggling of fertilizers
August 6th, 2010 - 7:47 pm ICT by IANS
New Delhi, Aug 6 (IANS) The government has asked the states to ensure that fertilisers made available to the farmers in the country at highly subsidised prices are not smuggled out through ... Read more...
Posted in Business |
A government pilot to identify the country’s poorest
June 16th, 2010 - 1:37 pm ICT by IANS
By Prashant Sood
New Delhi, June 16 (IANS) The rural development ministry will launch a pilot project across 256 villages next month in a bid to identify the poor under a new set ... Read more...
Posted in Business |
Fertiliser sector reforms will attract fresh investments (Comment)
May 30th, 2010 - 11:53 am ICT by IANS
By Satish Chander
The fertiliser sector in India has been through difficult times in recent years. Stagnant production, no fresh investment and poor financial health of the units were accompanied by high level ... Read more...
Posted in Business |
Inadequate rains may play havoc with public programmes
June 24th, 2009 - 10:34 am ICT by IANS
By James Jose
New Delhi, June 24 (IANS) The government, which is grappling with a ballooning fiscal deficit and looking for ways to kick start the economy, may well have to deal with ... Read more...
Posted in Business |
Fertiliser companies should not worry on payment of subsidy: Paswan
October 15th, 2008 - 8:13 pm ICT by ANI
New Delhi, Oct 15 (ANI): Union Minister for Steel, Chemicals and Fertilisers Ram Vilas Paswan today said that the fertilizer companies need not worry about the payment of subsidies.
Speaking here ... Read more...
Posted in National |
Government to release Rs.220 bn fertiliser subsidy in cash
August 20th, 2008 - 8:55 pm ICT by IANS
New Delhi, Aug 20 (IANS) The government will soon approve the release of Rs.220 billion as fertiliser subsidy in cash, it was announced here Wednesday.Minister of steel, chemicals and fertilisers Ram Vilas ... Read more...
Posted in Uncategorized |
Fuel price hike in India imminent as deliberations continue
June 2nd, 2008 - 8:48 pm ICT by IANS
New Delhi, June 2 (IANS) After making it amply clear that a hike in fuel prices was inevitable, Prime Minister Manmohan Singh Monday held another round of discussions on the vexed issue, ... Read more...
Posted in Business |
Manmohan Singh appeals for wider consensus on oil price hike
June 2nd, 2008 - 4:33 pm ICT by admin
New Delhi, June2 (ANI): Prime Minister Dr. Manmohan Singh today said that rising crude oil prices could adversely affect the Indian economy.
Inaugurating the Annual General Meeting of the Associated Chambers ... Read more...
Posted in National |
Manmohan appeals for wider consensus on oil price hike
June 2nd, 2008 - 2:58 pm ICT by admin
New Delhi, June 2 (ANI): Prime Minister Manmohan Singh on Monday said that rising crude oil prices could adversely affect the Indian economy.
"We cannot allow the subsidy bill to rise ... Read more...
Posted in Business |
India’s growth intact but no escaping fuel price hike: PM (Lead)
June 2nd, 2008 - 2:43 pm ICT by admin
New Delhi, June 2 (IANS) Calling for a wider political consensus on "rational economic policies", Prime Minister Manmohan Singh Monday said there was no way out of hiking prices of petroleum fuels ... Read more...
Posted in Business |
No option but to hike fuel price: PM
June 2nd, 2008 - 2:37 pm ICT by admin
New Delhi, June 2 (IANS) Prime Minister Manmohan Singh Monday said the government was left with no option but to hike the price of fuel due to soaring price of crude oil ... Read more...
Posted in Politics |