Total fuel subsidies accounted for less than 1 per cent of GDP and under 3 per cent of total government expenditures in FY14.
Here's a recap of events that occurred in India in the past 24 hours.
We present our alphabet of 2020, pulling in everything you'll remember about this year we'd rather forget.
A ball-tampering scandal that devastated Australia cast a dark cloud over a dramatic cricketing year
On May 22 and 23, the Tamil Nadu police shot dead 13 persons in Tuticorin after the months-long anti-Sterlite protests turned violent. A month later, when A Ganesh Nadar visited the homes of a few victims, he found the families and friends still cowering under fear of the police.
It has conducted searches against four bureaucrats based in Uttar Pradesh and Uttarakhand over the last three days.
The Congress, desperate to make a comeback in Gujarat, which has been ruled by the Bharatiya Janata Party for over 20 years, has tried to reach out to various sections of society in its blueprint unveiled.
'How you live serves as a much better track record than your timeline,' says Mitali Saran.
Police arrested over 100 Pakistan Tehreek-i-Insaf protesters trying to reach party chief Imran's residence. Police also baton-charged protesters in the Pakistan Chowk area.
Indian stock market investors are laughing all the way to the bank with the total market value of domestic listed companies soaring to a record $1.5 trillion on a day when the benchmark BSE Sensex ended at a new closing high of 25,396.46.
Indian equity markets registered their highest single-day percentage gains since early October.
On a day KKR star spinner Sunil Narine was expensive and returned wicket-less, the likes of Piyush Chawla, Prasidh Krishna and Kuldeep Yadav stepped up to restrict Rajasthan 144 for four after batsmen put on board 169 for seven.
A United States commission has asked the Defence Secretary Chuck Hagel to explain exclusion of Sikhs, known for their valour and pride, from the American armed forces.
Incidents of arson, firing and vandalism were reported from Madhya Pradesh, Rajasthan, Uttar Pradesh, Bihar and Punjab as protesters agitated against the dilution of the SC/ST Act.
Citing the incidents in the Jawaharlal Nehru University and the Patiala House court, the opposition led by the Congress on Thursday slammed the government in Rajya Sabha and alleged that law and order in Delhi had deteriorated
Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
In his first speech at Rajasthan's Barmer, from where expelled Bhartiya Janata Party leader Jaswant Singh is contesting as an independent, party's prime ministerial candidate Narendra Modi did not utter a single word against the former party stalwart.
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Aam Aadmi Party leader Arvind Kejriwal on Saturday kick-started his three-day-long road show in Uttar Pradesh.
There are both positive and negative impacts of the tax, but the net result for India's infrastructure sector is advantageous, says Vinayak Chatterjee.
The fire broke out shortly after midnight on the third floor of the four-storeyed building on Senapati Bapat Marg, a commercial hub of the city, a civic official said.
Irani attacked Rahul Gandhi on his home turf on the food park issue, charging that he was more interested in protecting the interests of a business house.
The group issued a profit warning last year as it was hit by the slump in oil prices.
The PM also made a veiled attack on the Congress referring to corruption in purchase of helicopter, aircraft, guns and cooking gas subsidy.
Cairn has slashed its planned capital expenditure (capex) by 60 per cent to $500 million against the earlier $1.2 billion.
Bharti Airtel, HDFC, ONGC, ITC and CIL emerged as the top gainers.
Residents of 650 flats in four tower blocks on an estate in the Swiss Cottage area of north London were evacuated on Friday night by the local Camden Council, following tests ordered in the wake of the Grenfell Tower blaze on June 14, which claimed at least 79 lives and displaced hundreds others.
The meetings were a sign of crisis management.
The five persons were arrested by the Crime Branch.
Bayern Munich secured a record fourth consecutive Bundesliga title with a game to spare after a 2-1 victory at Ingolstadt on Saturday helped them put the disappointment of their midweek Champions League semi-final exit behind them.
Indian CEOs might like to make some serious course correction.
'These are challenging times and we get energised by that.' 'I don't feel that 'I am tired now and I should relax', because even if someone calls us at 12 o'clock I have to answer his call.'
The man, identified as Pramod Jaising Hore, had posted a message on his Facebook page and shared a message on WhatsApp on Sunday, saying he would be ending his life in support of the reservation demand, said Mukundwadi police station's Senior Inspector Natha Jadhav.
A rampaging Madison Keys completed an American sweep of the US Open women's quarter-finals on Wednesday, dismissing Estonia's Kaia Kanepi 6-3, 6-3 to guarantee an American champion at the year's final Grand Slam.
After making it available at petrol pumps, the convenient 5-kg cooking gas (LPG) cylinder will now be available at kirana stores and supermarkets in select cities.
Alam had been under house arrest since Thursday evening.
A day after the National Investigation Agency filed a chargesheet against Jaish-e-Mohammed chief Masood Azhar in the Pathankot attack, India took on Pakistan at the United Nations and called on the hostile neighbour to leave behind its ways of terrorism, with the warning saying that, "what you sow will bear fruit".
Execs of RIL, Essar, Cairn India, Jubilant Energy, ADAG detained.
Most encouraging thing is savings and investment rates are high.
It also said that the UK's decision to expel 23 Russian diplomats in retaliation for the alleged attack was a 'just response'.
Mounting pressure on embattled Prime Minister Nawaz Sharif, opposition leader Imran Khan on Sunday vowed to fight till death and asked Pakistanis to rebel against the illegal regime after two persons were killed and about 450 others injured in police crackdown on protesters.
