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Chidambaram to go a little easy on the fiscal deficit front, given that he presented an interim budget in an election year...The target for fiscal deficit for the next year has been kept at 4.1 percent of the country's gross domestic product (GDP),
Fuel retailers lost Rs 39,725 crore (Rs 397.25 billion) on selling diesel, kerosene and domestic cooking gas (LPG) at government controlled rates in October-December 2013. Upstream companies Oil & Natural Gas Corp and Oil India Ltd will make good Rs
India Ltd on Wednesday reported a 31 per cent jump in its December quarter net profit after the company was exempt from paying fuel subsidy...Besides not having to pay any fuel subsidy, the company also sold 60 million out of 210 million shares in
Rs 13,764 crore as fuel subsidy for the December quarter, a move that will dent the firm's profitability. Oil India Ltd bear a portion of the losses that fuel retailers incur on selling some fuels at subsidised rates. The government also offers the
Commentary News As Indonesia enters an election year, anyone suggesting an increase in domestic fuel prices is committing political suicide. No politician in his or her right mind would dare to reopen the debate about whether or not the government
Minister Larry Howai yesterday unveiled a $61.4 billion budget, yet again the largest in the countrys history. The 2014 package the PP Governments fourth includes what the Minister said was also the largest-ever capital programme of $8 billion.
Minister Larry Howai is tomorrow poised to announce in the Budget presentation that 10,000 acres of land in Guyana will be made available for use by local farmers under the terms of a new facility to be administered by the Ministry of Food Production.
House Speaker Marzuki Alie of Yudhoyono's Democratic Party, as well as deputy speakers Pramono Anung (Indonesian Democratic Party of Struggle), Priyo Budi Santoso (Golkar Party), Sohibul Iman (Prosperous Justice Party), and Taufik Kurniawan (National
Suddenly, the haughty smirk that was hitherto on the face of the erstwhile Chairman and Secretary of the House of Representatives Ad-hoc Committee on fuel subsidy probe, Farouk Lawan and Boniface Emenalo vanished. Clad in a well starched white
Treasurer Tim Nicholls says it has already been made clear the government can't afford a fuel subsidy given the state debt left by the former Bligh government. He said the government was instead focussed on increasing competition in the sector, which