The government is looking at steps to cut subsidy on fertiliser and oil sale with an aim to cutting non-plan expenditure and contain fiscal deficit.
Populism gains momentum during election periods, and this trend is evident in at least four states: Telangana, Rajasthan, Madhya Pradesh and Chhattisgarh.
The government is likely to extend by two more years subsidies on LPG and kerosene while asking the state-run oil firms to bear part of the Rs 14,000 crore under-recoveries due to unchanged prices despite a rise in the cost of raw material.
In a bid to give a leg-up to the textiles industry in the post-quota regime, the government on Monday rolled out a slew of measures for the sector, including a 10 per cent capital subsidy scheme, de-reservation of 30 items from SSI and reduction in d
Irrigation woes have contributed to the problem of stubble burning in the state, reports Sarthak Choudhury.
India on Friday attacked the United States over agricultural subsidies and trade liberalisation saying it was "not serious" about the matter and had failed to understand New Delhi's political concerns.
The government worked out a package -- which included tax paybacks and concessional power -- to match the benefits the plant would have enjoyed in Uttarakhand and Himachal Pradesh, both designated backward areas that attracted central tax concessions.
The Planning Commission's projections for the 11th Five Year Plan,
It could become a giant leap towards lasting reform if the experiment in direct benefit transfers for cooking gas subsidies pans out.
The finance ministry appears to have ruled out subsidising Employees Provident Fund Organisation, despite the labour ministry struggling to bridge the Rs 927 crore (Rs 9.27 billion) deficit to pay 9.5 per cent interest to about Rs 4 crore (40 million
'Our objective is to reach a localisation rate of 50% in the span of five years.'
The complainant accused the Consulting Editor of spreading false news about the scheme offered by the corporation and trying to disturb communal harmony in the state.
Dynamics of auto business will change if the government ends diesel subsidy to passenger vehicles.
Food Security Act will be fully provided for and subsidy to be 2 per cent of GDP for next two years.
In line with its commitment to the welfare of unorganized sector workers, the central government on Tuesday announced doubling of subsidy for construction of low-cost houses for beedi workers across the country to Rs 40,000 per unit.
According to sources at the LG office, chief secretary Naresh Kumar has been asked to conduct an inquiry and submit a report within a week.
'The revenue projection arises out of all sectors doing well and the formalisation of the economy helps in making sure the tax domain gets widened.'
The world's top eight industrial nations on Monday ppeared to have climbed down from a tough position on farm subsidies, reviving hopes of resumption of the collasped WTO talks.
At the end of Dec, the government had Rs 47,273 crore in the USO fund, with annual accruals of about Rs 6,000 crore.
The interim Budget proposals that will be presented on February 1 in the backdrop of the general elections scheduled in April/May 2024 are likely to have a hint of populism, believe analysts, but are unlikely to derail the government from its path of fiscal prudence.
IOC and other oil firms have been paying LPG consumers in 54 districts up to Rs 500 to help them buy a 14.2-kg cooking gas refill at market price, which is more than double of Rs 410 per bottle rate in Delhi.
'The power sector accounts for much of the financial burden of state governments in India.'
Pre-Budget excercise next month should scrupulously avoid adventurism of all types and refrain from making excessively ambitious projections on revenue and expenditure numbers for 2023-24, suggests A K Bhattacharya.
The satta market is accepting bets on how many times Modiji will mention Nehru at his election rallies, says A Ganesh Nadar with a wink.
Government announcements for the building of new roads, railways, and other capital expenditure (capex) projects may have hit an all-time low, according to numbers for the December quarter.
The minister also exuded confidence that India would be able to sustain 20 per cent export growth in the current fiscal.
A decision has been taken to gradually initiate Aadhaar and non-Aadhaar based LPG subsidy transfer through the OMCs.
State fuel retailers had lost Rs 161,029 crore (Rs 1,610.29 billion) in revenues on selling diesel, domestic LPG and kerosene at government controlled rates which are way below market price.
'From our survey we found that there was a problem in the agricultural sector and drones could solve the problem.'
The deficit stood over Rs 8 trillion in the first seven months of the current financial year. Non-tax revenues, comprising transfers from the RBI and dividends of the public sector units, shored up the Centre's revenues.
Among the Sensex firms, Larsen & Toubro, UltraTech Cement, JSW Steel, Titan, Bajaj Finance, Wipro, Tech Mahindra and Nestle were the major laggards. Maruti, Power Grid, Axis Bank, State Bank of India, NTPC, HDFC Bank, ITC and IndusInd Bank were the gainers.
'I'm very much against petrol and diesel....'' 'I travel in an electric car.' 'I have had a really good experience with it.'
Tata Group on Wednesday announced an investment of 4 billion pounds (about Rs 42,500 crore) in setting up a flagship factory to make batteries for Jaguar Land Rover as well as other manufacturers. Tata Sons, owner of JLR, chose Bridgwater in Somerset in southwest England for the gigafactory over a rival location in Spain. The gigafactory, at 40GWh, will be one of the largest in Europe and Tata's first outside of India, the conglomerate said in a statement.
