Subsidies

  • Modi must adopt painful reforms to push growth: Chinese daily 2 days ago

    Beijing: To maintain high growth rate in India in a sustainable way, Prime Minister Narendra Modi must adopt some painful reforms, such as the removal of wasteful subsidies to free up resources, a public policy expert said. Kishore Mahbubani said in an article in the Global Times Monday that Mahatma Gandhi...
  • Oil India June quarter net up 40 per cent at Rs 851.87 crore August 12, 2014

    New Delhi: State-owned Oil India Ltd (OIL) on Tuesday reported a 40 per cent jump in its June quarter net profit as its net price realisation soared after cut in subsidy. Net profit in April-June rose to Rs 851.87 crore, or Rs 14.17 per share, from Rs 609.08 crore, or...
  • Government announces diesel, seed subsidy in drought-hit areas August 7, 2014

    New Delhi: With rainfall deficit still prevalent in most parts of the country, government on Thursday announced a diesel subsidy for irrigation in states where rainfall shortage is more than 50 per cent to protect the standing kharif crops. Besides diesel subsidy, the government has raised the...
  • Andhra Pradesh to offer investment subsidy to set up infotech projects August 1, 2014

    Hyderabad: The Andhra Pradesh government announced its new information technology policy on Friday, offering an investment subsidy of 10 per cent (of capital expenditure) for mega projects which employ 5,000 people or more. Entrepreneurs who are women, scheduled castes or scheduled tribe setting up infotech units would get 25 per cent...
  • India will not back WTO protocol unless concerns addressed: Sources July 24, 2014

    New Delhi: India will not support a trade protocol ahead of a July 31 deadline unless concerns about its food subsidies are met, two senior government officials said on Wednesday, a position that threatens to derail a landmark global trade deal. The determination to link its food subsidy programme, aimed at...
  • Tackling subsidy burden with innovative ways tops Oil Ministry's agenda July 6, 2014

    New Delhi: Accusing the previous UPA regime of leaving the coffers dry, Oil Minister Dharmendra Pradhan said that he wanted to tackle subsidy burden on the department in innovative ways. In an exclusive interview to Network18, Pradhan on Sunday said that the roll out of Direct Benefit Transfer (DBT) is one...
  • 'If I were FM, would increase subsidies for poor people' June 29, 2014

    If I were the finance minister, then I would increase the subsidies for the poor people while reducing the subsidies for the richer section of the population. ...
  • Manjhi government approves Rs 769 crore for diesel subsidy June 24, 2014

    The Bihar government on Tuesday approved Rs 769.06 crore as diesel subsidy for irrigation to meet the challenge of erratic monsoon in the current financial year. A decision to this effect was taken at a meeting of state Cabinet presided over by Chief Minister Jitan Ram Manjhi in Patna. The meeting also...
  • 'Government can cut subsidy bill by 1 pc without causing pain' June 10, 2014

    New Delhi: The government can cut down its subsidy bill by up to 1 per cent of the GDP without causing much pain to people, Principal Economic Adviser, Ministry of Finance, Ila Patnaik said on Tuesday. "I don't think it is (fiscal consolidation) that hard, because when you look at...
  • Ousted Thailand PM indicted over rice subsidy programme May 8, 2014

    Bangkok: Thailand's anti-graft commission indicted ousted Prime Minister Yingluck Shinawatra on Thursday on charges of dereliction of duty in overseeing a widely criticized rice subsidy program, a day after a court forced her from office. Yingluck was accused of allowing the rice program, a flagship policy of her administration, to proceed...
  • Delhi: 'AAP government did not set aside fund for its Rs 6 crore power subsidy' March 18, 2014

    New Delhi: The Arvind Kejriwal regime, which ruled Delhi for 49 days, did not allocate any funds to finance the subsidy on electricity for the people of the national capital, the Delhi government told the High Court on Tuesday. The Delhi government submitted an affidavit in court stating that the AAP...
  • BJP moves EC against LIC scheme aimed at 'helping' Nilekani March 15, 2014

    BJP on Friday filed a complaint with the Election Commission against the LIC seeking a ban on its new scheme in Bangalore, alleging it is aimed at propagating the Aadhar card and helping Nandan Nilekani who is contesting Lok Sabha elections from there. In a complaint to the EC, the BJP...
  • Delhi BJP passes resolution against over Rs 300 crore subsidy to BSES February 17, 2014

    New Delhi: After a series of attacks by the Aam Aadmi Party, the Bharatiya Janata Party unit in Delhi hit back on Sunday by moving a resolution against the Rs 323 crore subsidy provided to BSES by the Arvind Kejriwal government. BJP claims that Rs 323 crore was actually allotted for...
  • Ideas 2014: One should have a sense of value, says Kofi Annan on subsidies in India February 6, 2014

    Former UN Secretary General Kofi Annan has warned India against too many populist subsidies. In conversation with CNN IBN's Deputy Editor Sagarika Ghose on Ideas 2014, Annan said that subsidised water and power take away their value. ...
  • Kofi Annan warns India against too many populist subsidies February 6, 2014

    New Delhi: Former UN Secretary General Kofi Annan has warned India against too many populist subsidies. Speaking on the issue of the Food Security Bill and Delhi government's water and electricity promises, he said that subsidised water and power take away their value. In conversation with CNN IBN's Deputy Editor...
  • India @ 9 with Rajdeep Sardesai January 30, 2014

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Rahul Gandhi's subsidy politics: Is bad economics also bad politics? January 30, 2014

    A fortnight after Congress Vice President Rahul Gandhi made the pitch to Prime Minister Manmohan Singh at the All India Congress Committee meet, the Central government has bitten the bullet on subsidised LPG cylinders even though it will push the subsidy bill much higher. The Union Cabinet on Thursday rolled...
  • News 360: Centre follows Rahul, hikes LPG quota to 12 January 30, 2014

    Congress Vice President Rahul Gandhi had called for an increase in the number of subsidised LPG cylinders on January 17 and 13 days later the Union Cabinet has fulfilled his demand. The Cabinet on Thursday approved the raising of subsidised LPG cylinder cap from 9 to 12 per connection. ...
  • A Billion Votes: What happens to Andhra Pradesh bifurcation now? January 30, 2014

    In a huge embarrassment for the Congress, the Andhra Pradesh Assembly on Thursday rejected the Telangana Bill after Chief Minister Kiran Kumar Reddy moved a resolution against the bifurcation of the state. The Bill was put for a voice vote after which Speaker N Manohar ruled that most of the...
  • Some consumers welcome LPG quota hike, others call it a gimmick January 30, 2014

    Some consumers from across the country are happy and welcome Centre's decision to raise subsidised LPG cylinder cap from 9 to 12 per connection. "It is a good move and will benefit people with large family but it's too late and a political gimmick," said a consumer. ...
  • LPG hike not enough, provide free cylinders to poor: Mulayam January 30, 2014

    Hitting back at Centre's decision of rising of subsidised LPG cylinder cap from 9 to 12 per connection, Samajwadi Party supremo Mulayam Singh Yadav said, "It is not a big deal if Rahul Gandhi announced a subsidy hike to 12 LPG cylinders. He should have announced a hike to 24...
  • Centre hikes subsidised LPG cylinder cap from 9 to 12 January 30, 2014

    New Delhi: Congress Vice President Rahul Gandhi had called for an increase in the number of subsidised LPG cylinder on January 17 and 13 days later the Union Cabinet fulfilled his demand. The Cabinet on Thursday approved the raising of subsidised LPG cylinder cap from 9 to 12 per connection. Union...
  • Will Cabinet raise LPG cylinder cap to 12 today? February 11, 2014

    The Cabinet will meet on Thursday to decide on hiking LPG cylinder cap to 12, according to sources. This comes after Congress Rahul Gandhi urged Prime Minister Manmohan Singh to increase the LPG subsidy from nine to 12 cylinders on January 17. ...
  • Cabinet meets to decide on LPG cylinder cap to 12 January 30, 2014

    New Delhi: The Cabinet meet on Thursday to decide on hiking LPG cylinder cap to 12. The meeting is still on. Meanwhile, the Trinamool Congress has hit out at the Congress questioning the timing of the decision. "I think that this intervention is too little too late. In order to...
  • Cabinet will decide on LPG cylinder cap to 12 on Thursday: Sources January 29, 2014

    New Delhi: The Cabinet is likely to decide on hiking LPG cylinder cap to 12 on Thursday, according to sources. This comes after Congress Rahul Gandhi urged Prime Minister Manmohan Singh to increase the LPG subsidy from nine to 12 cylinders on January 17. "I appeal to the Prime Minister...
  • Delhi: Arvind Kejriwal holds review meeting as AAP completes one month January 28, 2014

    New Delhi: As the AAP government completed one month in office on Monday, Chief Minister Arvind Kejriwal held a review meeting of all the ministers and sought reports on the work carried out by them in the given period. The one month of Delhi government led by Kejriwal has not only...
  • Watch: India @ 9 with Rajdeep Sardesai January 17, 2014

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Rahul seeks to enthuse demoralised cadres; targets Modi January 17, 2014

    New Delhi: Congress Vice President Rahul Gandhi held centrestage at the AICC session on Friday, giving ample evidence who was calling the shots in his party. This was evident when the the Petroleum Ministry announced a subsidy hike from 9 to 12 cylinders minutes after Rahul asked the prime minister...
  • Has Rahul Gandhi come of age as a politician? January 17, 2014

    Congress Vice President Rahul Gandhi on Friday exhorted party workers and leaders to get ready for the Lok Sabha elections and not rest till the battle was won against a rival which is good in marketing but very poor in delivering at AICC meet in New Delhi. ...
  • A Billion Votes: Rahul pitches new gameplan at AICC meet January 17, 2014

    Congress Vice President Rahul Gandhi on Friday exhorted party workers and leaders to get ready for the Lok Sabha elections and not rest till the battle was won against a rival which is good in marketing but very poor in delivering. ...