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)
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India's economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter, two senior finance ministry sources said, putting pressure on the central bank to cut interest rates. Full Article