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Subsidies News

01 Sep 2016

Subsidised LPG price hiked by Rs 2 per cylinder

Subsidised cooking gas (LPG) price was on Thursday hiked by Rs 2 per cylinder, the third straight increase since July in rates as the government looked at monthly increases to cut down subsidies.

26 Jun 2016

Government eliminates 1.6 crore bogus ration cards, to save Rs 10,000 crore

Government has eliminated 1.6 crore duplicate and bogus ration cards that will help save about Rs 10,000 crore in subsidy bill annually, said Finance Secretary Ashok Lavasa.

Expenditure Management Commission

28 May 2015

Jalan panel on expenditure management to submit report by December

The Expenditure Management Commission set up by the government to suggest ways to rationalise subsidies will submit its final report by December 2015, its Chairman Bimal Jalan said on Thursday.

12 Feb 2015

US challenges Chinese export subsidies

The United States on Wednesday launched a legal challenge to Chinese subsidies supporting billions of dollars of exports across a wide swathe of industries from steel to shrimp.

06 Dec 2014

More steps to rationalise subsidies on anvil: Arun Jaitley

The Centre had set up a Commission under former RBI Governor Bimal Jalan to suggest steps to rationalise subsidy and help the government in effectively bringing down the fiscal deficit.

23 Nov 2014

Govt to streamline subsidies, cheap LPG for rich may go: Arun Jaitley

However, he maintained that some element of subsidy will have to remain for a large section who are entitled to it since the country has lot of poor people who need state support.

07 Sep 2014

Jalan panel to suggest ways to cut subsidies, hike user charges

The Expenditure Management Commission, headed by Bimal Jalan, has been entrusted with the task of suggesting ways to improve fiscal discipline, target subsidies more efficiently and imposition of user charges on utilities.

01 Aug 2014

4.1% fiscal deficit target a daunting challenge: Jaitley

Finance Minister Arun Jaitley on Friday said the fiscal deficit target of 4.1 percent of GDP for the current fiscal is a "daunting" task and announced the subsidy bill will be reduced progressively.

30 Jun 2014

Budget may focus on tax reforms, lower subsidies: Barclays

The Narendra Modi government is expected to propose a pro-growth budget focused on tax reforms, lower subsidies and asset sales, global financial services company Barclays said here.

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