HYDERABAD: Haj is the journey of a lifetime for all practising Muslims. As such, the Supreme Courts order that the government should phase out Haj subsidy over the next 10 years has some Muslims worried in the city. Though the ruling wont affect the Qurrah or draw of lots that will be held on May 10 to select the pilgrims, a few are concerned that if they miss it now,...
08:39 AM, May 09, 2012
New Delhi: In the wake of Minister of External Affairs SM Krishna's statement on Haj subsidy, BJP on Tuesday demanded that the government should make it clear if it was seriously thinking of withdrawing it. "Till the recent Assembly elections, this government was talking about religion-based reservation but now a senior minister is saying that Haj subsidy should be withdrawn. This shows that there is definitely a change of heart...
01:32 AM, Apr 04, 2012
Kochi: Minister of External Affairs S M Krishna has suggested that the Union government is planning to do away with the subsidy given on Haj pilgrimage. Talking to reporters in Kochi on Monday, the External Affairs Minister said that a number of Muslim organizations had demanded the abolition of the subsidy. Krishna said, "A large number of Muslim organisations have approached the Centre seeking abolition of the subsidy concept for...
06:22 PM, Apr 02, 2012
Mumbai: If crude oil prices continue to rise, India will be impacted by not only higher inflation and trade deficit, but by subsidies, and any move towards easing monetary policy will have to take this into consideration, rating agency Care said on Tuesday. "The easing of monetary policy will have to be reviewed in case (oil) prices start going up. Our country in particular will be affected by just not...
08:52 PM, Feb 28, 2012
Gurgaon: Finance Minister Pranab Mukherjee on Sunday said it is the subsidy leakage that makes him lose his "sleep", and not the quantum of subsidy itself. "I lose my sleep not when I look at the volume of quantum of subsidy, but because it is not reaching to the poor and needy and targetted group," Mukherjee said, while talking about subsidy leakages. Speaking at an event organised by Oriental Bank...
05:16 PM, Feb 19, 2012
Gurgaon: Petroleum Minister Jaipal Reddy on Tuesday said his ministry may consider at an appropriate time to reduce the subsidy it incurs on selling cheaply diesel and liquefied petroleum gas (LPG) cylinders. "Deregulation of diesel is very difficult. But at an appropriate time, the ministry (ministry of oil and natural gas) would reduce subsidy on diesel and liquefied petroleum gas (LPG)," Reddy told reporters here after an event. Diesel is...
02:58 AM, Feb 15, 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 at a conference to discuss reforms in the public distribution system (PDS). Due to a sharp increase in subsidies...
05:31 PM, Feb 08, 2012
Davos: China is keeping its currency below its fair value and it represents a "formidable challenge" to the global trading system, US Treasury Secretary Timothy Geithner said on Friday. Sharply criticising the Communist giant's state-led economic system, Geithner said, "China does represent a really unique and formidable challenge to the global trading system because the structure of its economy... is overwhelmingly dominated by the state." Chinese trade practices, including subsidies...
09:11 PM, Jan 27, 2012
CNN-IBN is putting forth 3 solutions and its probable impact to control inflation. ...
02:25 PM, Nov 04, 2011
Washington: The United States on Thursday dragged China and India to the World Trade Organisation over subsidy programmes implemented by the world's two fastest growing economies, with a top Obama Administration official terming the situation as intolerable. "The situation was simply intolerable," US Trade Representative Ron Kirk said. Noting that every member of the WTO is required to come clean on their subsidy programmes on a regular basis, Kirk said...
09:57 AM, Oct 07, 2011
New Delhi: There are some concerns for Those driving swanky SUVs - they may have to pay more for fuel if the government has its way. Finance Minister Pranab Mukherjee is planning to do away with diesel subsidy for passenger cars though there are some concerns over how that can be implemented. Expensive SUVs for driving pleasure and trucks carrying essential items, both get an equal fuel subsidy. But that...
08:37 AM, Aug 05, 2011
After dithering on the matter for more than a decade, the government has announced that it will provide direct cash subsidy for fertiliser, kerosene and LPG. It will start by running a pilot based on the recommendations of a task force formed for this purpose, and headed by Nandan Nilekani. It is due to submit its report by June this year. The move is significant since many believe that once...
10:04 AM, Mar 22, 2011
New Delhi: Opposition parties on Wednesday slammed Prime Minister Manmohan Singh for his remark that "some compromises" had to be made in running a coalition and called as unfair and unacceptable his equating any 2G Spectrum loss with subsidy for fertilisers, diesel and foodgrains. Reacting to the Prime Minister's remarks at an interaction with TV editors, the principal opposition party BJP accused Singh of trying to "cover up" the various...
07:41 PM, Feb 16, 2011
New Delhi: With a sharp fall in onion prices in the retail market to Rs 30 per kg, the government on Monday decided to end the subsidised sale of the kitchen staple from Tuesday in the national capital, but it would continue to monitor the situation to prevent the recurrence of the crisis. A high-level meeting, which was convened by Agriculture Minister Sharad Pawar, also decided to discontinue the 30...
08:20 PM, Jan 31, 2011
New Delhi: With food inflation ruling at uncomfortable level, Petroleum Minister S Jaipal Reddy on Thursday ruled out freeing of diesel prices from government control, saying the move was not politically and practically feasible. "It is not possible (just now)," he told reporters here. Decontrol of diesel, as was decided by an Empowered Group of Ministers (EGoM) in June last year, would mean up to Rs 7 a litre hike...
03:48 PM, Jan 27, 2011
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