NEW DELHI India cannot abruptly put an end to diesel subsidies, Oil Minister Veerappa Moily told television channel CNN-IBN on Thursday, after the government gave some liberty to state-run oil marketing companies to set diesel prices.
(Reporting by Rajesh Kumar Singh; Editing by Jo Winterbottom)
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The Lok Sabha on Thursday backed a new bankruptcy code, a crucial step towards establishing a debt resolution regime to strengthen the hands of banks seeking to recover $120 billion in troubled loans. Full Article