Diesel price decision not to reduce fuel subsidy bill - Chidambaram
NEW DELHI (Reuters) - India's budget-busting fuel subsidy bill for the current fiscal year ending in March is expected to remain unchanged even after a government decision to allow state-run oil companies to set diesel prices, Finance Minister P. Chidambaram said on Thursday.
"When they will make this small correction and how much, I can't say," he said. "So I am not factoring it."
(Reporting by Rajesh Kumar Singh; Editing by Anupama Dwivedi)
- Tweet this
- Share this
- Digg this
- Indian firms tool up for defence orders on Modi's 'buy India' pledge
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- India to tighten up banking risk management - Jaitley
- Chopra joins Tendulkar-owned team in new Indian league
- China economy fears deepen as August HSBC flash PMI at three-month low
Finance Minister Arun Jaitley said on Thursday that the government was working to tighten up risk management in the banking sector, responding to recent scandals that have raised doubts about lending practices at state banks. Full Article