CII appeals to members to surrender LPG subsidy

Last Updated: Thursday, June 25, 2015, 21:05

Heeding to Prime Minister Narendra Modi's call, industry body CII today appealed to its members to give up cooking gas subsidy.

Trusting citizens is essence of reforms: PM Modi

Last Updated: Tuesday, June 23, 2015, 20:24

Trusting citizens, including the corporate ones, is the essence of reforms, Prime Minister Narendra Modi Tuesday said, emphasising this is the basis for effecting the transition from 'red tape' to 'red carpet'.

Jalan panel on expenditure management to submit report by December

Last Updated: Thursday, May 28, 2015, 15:05

The Expenditure Management Commission set up by the government to suggest ways to rationalise subsidies will submit its final report by December 2015, its Chairman Bimal Jalan said on Thursday.

Finance Ministry sanctions Rs 5,223-cr fuel subsidy for IOC, BPCL

Last Updated: Friday, May 22, 2015, 11:44

Indian Oil Corp (IOC) will get Rs 2,932 crore subsidy and Bharat Petroleum Corp Ltd (BPCL) Rs 2,291 crore for selling fuel below cost in Q4 of 2014-15, but Hindustan Petroleum Corp Ltd (HPCL) will not get any support.

India sets April-June oil subsidy rules, no discounts if oil below $60

Last Updated: Friday, May 22, 2015, 08:59

ONGC, OIL and GAIL sell crude and fuels like cooking gas at discounted rates to partly compensate retailers for losses they incur on selling fuels at government-set cheaper rates.

Ficci suggests vehicle replacement policy to Government

Last Updated: Wednesday, May 13, 2015, 17:55

Central Government may provide subsidy for replacement of old vehicle, wherein 50% could be borne by the State, addressing the high cost concerns.

RLNG subsidy to help fuel 9,000-MW power plants

Last Updated: Monday, May 11, 2015, 15:01

The scheme provides for a per-unit tariff subsidy from the Power System Development Fund (PSDF).

Bids for subsidy by gas power projects postponed by 1 day

Last Updated: Monday, May 11, 2015, 11:07

Sources said the e-auction on Tuesday will be for stranded power plants, and the same for units receiving sub-optimal domestic gas will be held on May 13.

No major investment in fertiliser plants during 2010-14: CAG

Last Updated: Sunday, May 10, 2015, 14:55

The actual production was concerned, it fell by 14 percent during the period 2009-10 to 2013-14.

Stranded gas-based power projects to bid for subsidy tomorrow

Last Updated: Sunday, May 10, 2015, 14:32

The government will provide as much as Rs 3,500 crore in financial support to the power plants this fiscal.

CAG slams Fertiliser Dept for Rs 5,555 cr extra subsidy burden

Last Updated: Friday, May 8, 2015, 17:19

Government auditor CAG on Friday flayed Department of Fertiliser (DoF) for delaying contract finalisation and said this resulted in an "unavoidable" subsidy burden of Rs 5,555 crore.