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India should gradually reduce fiscal deficit: IMF official

Last Updated: Wednesday, June 11, 2014, 16:36

To bolster economic growth, India should continue to gradually bring down the fiscal deficit and usher in fuel subsidy reforms, a senior International Monetary Fund official said.

Govt has to shift part of oil subsidy bill to next year: Fitch

Last Updated: Monday, November 18, 2013, 15:24

The government had allocated Rs 65,000 crore for petroleum subsidies in 2013-14, of which Rs 45,000 crore has already been utilised to pay the oil marketing companies to meet their subsidy requirement of previous financial year.

Rights groups say 50 dead in Sudan fuel riots

Last Updated: Friday, September 27, 2013, 12:55

Rights groups slammed Sudan on Thursday for killing protesters demonstrating against fuel subsidy cuts, saying 50 people were shot dead in two days in the country`s worst riots since 1989.

Nigeria lawmaker charged over alleged bribery

Last Updated: Friday, February 01, 2013, 23:53

A Nigerian lawmaker who led a probe into the nation`s fuel subsidy programme that saw billions of dollars lost through fraud has been charged with allegedly soliciting a USD 3 million bribe from someone targeted by the inquiry.

Fuel subsidies benefit people having cars and motorcycles: OECD

Last Updated: Wednesday, January 30, 2013, 16:01

Fuel subsidies are not really helping achieve the desired purpose and are mostly benefiting people having cars and motorcycles, a top official of Paris-based think tank OECD said on Wednesday.

Countries should do away with fuel subsidies: World Bank chief

Last Updated: Saturday, January 26, 2013, 20:53

He made the comments while discussing ways to tackle climate change issues at the World Economic Forum (WEF) here.

No headroom for proactive fiscal policy: Pranab

Last Updated: Monday, June 04, 2012, 19:07

Amid the all-round clamour for reforms like doing away with fuel subsidies, Finance Minister Pranab Mukherjee Monday said there is no "headroom for running a proactive fiscal policy".

Expect steps to deregulate diesel prices this year: Ragarajan

Last Updated: Wednesday, April 18, 2012, 10:33

The government is expected to take steps this year to deregulate diesel prices in an economy burdened with colossal fuel subsidies, C. Ragarajan, the chairman of the prime minister's economic advisory council, said Wednesday.