Subsidy Bill

  • '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...
  • India to cut subsidies on some fertilisers May 1, 2013

    New Delhi: India said it expects to cut the subsidies on phosphate and potash-based fertilisers by about 15 per cent in the fiscal year that began in April in an effort to rein in the fiscal deficit. In the last fiscal year, the government earmarked Rs 305.76 billion to subsidise...
  • Govt pegs FY14 subsidy bill 11 pc lower than current fiscal February 28, 2013

    New Delhi: Aiming to bring down the fiscal deficit, Finance Minister P Chidambaram on Thursday sought to reduce major subsidies on fuel, food and fertilisers by 11 per cent to over Rs 2.20 lakh crore in 2013-14 fiscal compared to the revised estimates for the current fiscal. According to the...
  • Kelkar panel suggests subsidies cut, govt says no September 29, 2012

    New Delhi: The Kelkar Committee on Friday recommended that the government cut subsidies in the three significant F's - food, fuel and fertiliser - in order to narrow down its fiscal deficit. The committee warned that India was on the edge of a 'fiscal precipice' and if measures were not...
  • Reforms could lower India's fiscal deficit to 4.6 pc: Kelkar report September 29, 2012

    The Kelkar panel on Friday said that India was on the edge of a 'fiscal precipice' and that it should urgently slash fuel, food and fertilizer subsidies to cut its fiscal deficit. A wary government, however, said that certain levels of subsidies were unavoidable. The report goes on to add that the...
  • Mumbai applauds PM's speech, demands the full picture September 22, 2012

    Mumbaikars welcomed PM Manmohan Singh's speech explaining his recent economic policy decisions. They, however, said that he must speak more often. ...
  • Populist measures next in PM's reforms agenda September 22, 2012

    New Delhi: Prime Minister Manmohan Singh, in an address to the nation on Friday evening, sought to explain the recent important policy decisions made by the government to put India's flailing economy back on track. Explaining that India's fiscal deficit was ballooning and its subsidy bill was an astounding Rs...
  • G20: PM expresses confidence on boosting growth June 19, 2012

    Los Cabos: As the initial euphoria about Greece elections died down, the economic crisis took centre-stage. Prime Minister Manmohan Singh addressed some critical issues relating to the slowdown in India's economy in his address during the Plenary Session of the seventh Summit of the Group of 20 developed and developing...
  • Pranab 'losing sleep' over rising subsidy bills February 8, 2012

    New Delhi: A worried Finance Minister Pranab Mukherjee on Wednesday said he is losing sleep over the rising subsidy bills, notably on food, fertiliser and petroleum products. "As finance minister when I think of the enormity of the subsidies to be provided, I lose my sleep," Mukherjee said in New Delhi...