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CAG slams Fertiliser Dept for Rs 5,555 cr extra subsidy burden

Government auditor CAG on Friday flayed Department of Fertiliser (DoF) for delaying contract finalisation and said this resulted in an "unavoidable" subsidy burden of Rs 5,555 crore.

Oil Ministry seeks Rs 22,101 cr in fuel subsidy for H2 2014-15

Oil Ministry has sought Rs 22,101 crore in subsidy to cover for losses on LPG and kerosene sale in the second half of current fiscal so as to almost exempt oil producer ONGC and Oil India Ltd from any payments.

Govt constitutes GoM to review urea pricing policy

Facing a mounting subsidy burden and imbalanced use of fertilisers, government has constituted a Group of Ministers (GoM), which is likely to be headed by Agriculture Minister Sharad Pawar to look into urea pricing.

Govt`s subsidy burden to rise on cotton MSP hike

The subsidy burden of the govt is likely to shoot up this fiscal due to hike in MSP as acreage under the crop is expected to cross the 100 lakh hectare mark.