2nd auction on subsidy to gas-based power projects on Sep 15

Last Updated: Sunday, September 6, 2015, 12:32

Under the plan, liquefied natural gas (LNG) will be imported and cash-strapped state power distribution companies will be financially supported to buy electricity from them.

Don't distort tariff, pay aid directly to poor: NTPC to states

Last Updated: Wednesday, August 26, 2015, 16:08

Issuing bonds and writing off debt will not help power distribution firms, and states should use technology to provide direct subsidy to weaker sections without affecting tariff, NTPC Chairman Arup Roy Choudhury said today.

Gas subsidy transfer scheme enters Guinness Book: Govt

Last Updated: Thursday, August 13, 2015, 21:30

The scheme entails giving households cash subsidy directly in their bank account so they can buy market priced cooking gas.

Panel favours cash transfer for kerosene, food subsidy

Last Updated: Thursday, August 13, 2015, 20:37

A government-appointed panel to suggest ways to prune subsidies is in favour of extending the cash transfer scheme to kerosene and food in three years for directly helping beneficiaries.

Macros improving, subsidy reforms to continue: FM Jaitley

Last Updated: Wednesday, August 12, 2015, 14:21

The government on Wednesday said the macro-economic scenario has improved significantly on account of revival of growth and subdued inflation and exuded confidence that interest rates will decline in coming years.

CCEA nod likely on 50% diesel subsidy to farmers Wednesday

Last Updated: Tuesday, August 11, 2015, 22:33

The government will consider a proposal Wednesday to provide 50 percent subsidy on diesel to farmers in places that are facing acute rainfall deficit.

Govt caps kerosene subsidy at Rs 12/litre, LPG at Rs 18/kg

Last Updated: Monday, August 10, 2015, 13:52

Government has capped the subsidy payout on kerosene at Rs 12 per litre and domestic cooking gas (LPG) at Rs 18 per kg, Oil Minister Dharmendra Pradhan said Monday.

Govt examining proposal to raise Rs 40K cr via bonds from LIC

Last Updated: Tuesday, August 4, 2015, 16:16

Faced with severe shortage of funds to meet the food subsidy bill, the government today said it is examining a proposal to raise Rs 40,000 crore via long-term bonds from LIC to liquidate the subsidy arrears.

Finance Ministry to give Rs 1,300 cr kerosene subsidy

Last Updated: Monday, August 3, 2015, 13:50

Of this, Rs 878.84 crore will be paid to Indian Oil Corporation (IOC), Rs 203.33 crore to Bharat Petroleum Corporation (BPCL) and Rs 218.25 crore to Hindustan Petroleum Corporation (HPCL).

Finance Ministry to give Rs 1,300 cr kerosene subsidy

Last Updated: Monday, August 3, 2015, 13:50

Of this, Rs 878.84 crore will be paid to Indian Oil Corporation (IOC), Rs 203.33 crore to Bharat Petroleum Corporation (BPCL) and Rs 218.25 crore to Hindustan Petroleum Corporation (HPCL).

Food Corporation gets Rs 13,000 cr as food subsidy from govt

Last Updated: Sunday, August 2, 2015, 11:47

To ensure smooth procurement and distribution of grains, the government has released Rs 13,000 crore as food subsidy to state-owned Food Corporation of India (FCI).

India to roll out cash transfer of food subsidies from Sept: Official

Last Updated: Thursday, July 2, 2015, 20:27

India plans to phase in cash transfers of food and kerosene subsidies from September, saving 10-15 percent of the $21 billion in annual outlays on the benefits by eliminating fraud, a senior finance ministry official said on Thursday.