Overcoming The Gloom
Road building revival offers rare hope for India infrastructure overhaul
K. Ramchand, managing director at one of India's biggest road builders, is doing something unusual to help dispel the gloom pervading much of the country's infrastructure sector today: bidding for new projects. Full Article
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Govt has no immediate plan to raise fuel prices: Reddy
A vendor loads empty Liquefied Petroleum Gas (LPG) cylinders onto a truck in Mathura January 29, 2009.
Credit: Reuters/K.K. Arora/Files
NEW DELHI |
NEW DELHI (Reuters) - India has no immediate plan to raise domestic fuel prices, Oil Minister S. Jaipal Reddy said on Friday, adding that it was now up to the cabinet to decide on the thorny issue of reducing hefty subsidies on diesel, LPG and kerosene.
The oil ministry and finance ministry have been pitching hard for a rise in fuel prices, since the subsidies weigh heavily on India's fiscal deficit at a time of slowing growth.
(Reporting by Nidhi Verma)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters