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Subsidy kills innovation, interest of people: Chakrabarty

Last Updated: Saturday, December 28, 2013, 21:15

RBI Deputy Governor K C Chakrabarty Saturday said subsidies killed innovation and interest of people even as leaders of various industrial sectors demanded sops to nurse their companies back to health.

Bleak outlook for WTO deal as rifts widen over food subsidies

Last Updated: Thursday, December 05, 2013, 13:04

Divisions over food subsidies widened among members of the World Trade Organization on Thursday, making it unlikely a landmark trade deal could be reached with just a day left to the end of talks.

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.

India to rely on 2014-15 budget for oil subsidies: Fitch

Last Updated: Monday, November 18, 2013, 13:05

Fitch Ratings on Monday said the Indian government will have to depend on its FY 2014-15 budget to fund part of the current financial year’s oil subsidies bill.

'Subsidies for entrepreneurs in rural, urban areas'

Last Updated: Sunday, October 20, 2013, 20:10

The subsidy would be 35 percent for weaker sections in rural areas and 25 percent for others. In urban areas, it would be 25 percent for weaker sections and 15 percent for others, he said, speaking at a seminar here.

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.

Economy in bad shape, need to be pragmatic on subsidies: SC

Last Updated: Monday, September 16, 2013, 19:15

The apex court said that stereotype thinking on subsidy has to be changed as economy, which has been hit by falling value of Rupee, has to survive and Public Transport Corporations have to find out means to sustain themselves without getting subsidy.

Aadhar not mandatory for availing of subsidies: Govt

Last Updated: Friday, August 23, 2013, 16:40

Aadhaar card is not mandatory to avail of subsidies under government schemes including on domestic cooking gas, the government today said in the Rajya Sabha.

Power subsidies should be on states' balance sheets: Scindia

Last Updated: Thursday, August 01, 2013, 15:48

Jyotiraditya Scindia's comments come against the backdrop of many state-run electricity distribution companies (discoms) grappling with precarious financial health.

PM pitches for subsidies for clean energy

Last Updated: Wednesday, April 17, 2013, 15:49

Hitting out at rich nations for bulk of greenhouse gas emissions, Prime Minister Manmohan Singh on Wednesday pitched for subsidies for clean energy saying market forces alone would not be able to finance it.

IMF sees big gains from energy subsidies reform

Last Updated: Thursday, March 28, 2013, 14:57

The International Monetary Fund (IMF) has urged policymakers of both developed and developing countries to reform energy subsidies, arguing that this could alleviate budgetary pressures and generate big gains both for economic growth and the environment.

Parliament nod sought for additional spending of Rs 49,715 crore

Last Updated: Friday, March 08, 2013, 12:53

The government today sought Parliament's approval to spend an additional Rs 49,715.54 crore mainly to meet the outgo on fuel, fertiliser and food subsidies in the current financial year.