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'Subsidy' - 235 Video Result(s)

'Subsidy' - 570 News Result(s)

  • ONGC Recovers as New Subsidy Rules Seen Boosting Q1 Profit

    ONGC Recovers as New Subsidy Rules Seen Boosting Q1 Profit

    ONGC shares fell nearly 5 per cent in morning trade on Friday as investors reacted negatively to Q4 results, which were announced after stock markets shut on Thursday. In the March quarter, state-run explorer ONGC's net profit dropped by 20 per cent ...

  • ONGC Sees New Subsidy Rules Boosting First-Quarter Profit

    ONGC Sees New Subsidy Rules Boosting First-Quarter Profit

    For the June quarter, the oil ministry has set interim rules to exempt upstream state firms from giving any discounts on crude and refined fuels if global oil prices average up to $60 a barrel this quarter.

  • US FCC Chairman to Propose Subsidised Internet Access: Report

    US FCC Chairman to Propose Subsidised Internet Access: Report

    FCC Chairman Tom Wheeler will roll out a plan on Thursday to his commissioners suggesting major changes to a $1.7 billion subsidy program, NYT reported.

  • Reliance Infrastructure Q4 Net Falls 26% to Rs 459 Crore

    Reliance Infrastructure Q4 Net Falls 26% to Rs 459 Crore

    The company which is the largest private sector distributor of power serving 64.9 lakh consumers said its Mumbai Distribution recovered Rs 884 crore arrears in FY 2015 besides Rs 226 crore cross subsidy subcharge.

  • Government Plans New Oil Subsidy Rules to Push ONGC Stake Sale

    Government Plans New Oil Subsidy Rules to Push ONGC Stake Sale

    The government hopes to sell shares in ONGC and India Oil Corp. to raise about a third of its budget target for asset sales of $11 billion - and reduce its fiscal deficit to 3.9 per cent of GDP in the 2015/16 fiscal year.

  • Finance Ministry Sanctions Rs 5,223 Crore Fuel Subsidy for IOC, BPCL: Report

    Finance Ministry Sanctions Rs 5,223 Crore Fuel Subsidy for IOC, BPCL: Report

    The Finance Ministry has sanctioned Rs 5,223 crore fuel subsidy for the January-March quarter to cover almost all of the revenue loss that the two retailers suffered on selling domestic cooking gas (LPG) and kerosene at government rates.

  • Government Sets April-June Oil Subsidy Rules: Report

    Government Sets April-June Oil Subsidy Rules: Report

    Oil and Natural Gas Corp, Oil India and GAIL (India) sell crude and fuels like cooking gas at discounted rates to partly compensate retailers for losses they incur on selling fuels at government-set cheaper rates.

  • BCCI's Legal Costs Amount to Rs 56 Crore in Two Years

    BCCI's Legal Costs Amount to Rs 56 Crore in Two Years

    It is learnt that due to the legal expenses skyrocketing in the past two years, the finance committee headed by Jyotiraditya Scindia decided that infrastructure subsidy to the tune of Rs 50 crore granted to the affiliated state associations will not ...

  • Government Subsidies Have Forced US Airlines Out of India: Delta CEO

    Government Subsidies Have Forced US Airlines Out of India: Delta CEO

    Government subsidies have forced major US airlines out of the Indian market, a top airlines executive has said.

  • Two Plants to Receive Gas Subsidy: GMR Energy

    Two Plants to Receive Gas Subsidy: GMR Energy

    GMR Energy said on Friday that its two gas-based plants will get government subsidy on use of re-gasified liquefied natural gas (RLNG) for four months from June to September.

  • Gas Subsidy Auction Ends; Lowest Price Bid Rs 1.75/Unit

    Gas Subsidy Auction Ends; Lowest Price Bid Rs 1.75/Unit

    The auction of government subsidy for use of imported liquefied natural gas (LNG) in gas-based power plants, currently getting sub-optimal supplies, ended on Wednesday with the lowest price bid of Rs 1.75 per unit.

  • Second Round of Power Subsidy Auction Takes Off

    Second Round of Power Subsidy Auction Takes Off

    According to the latest data on the MSTC website, four bidders have so far submitted their financial bids in the round that started at 1230 hours.

  • Cabinet Clears New Urea Policy, to Cut Subsidy by Rs 4,800 Cr

    Cabinet Clears New Urea Policy, to Cut Subsidy by Rs 4,800 Cr

    The government on Wednesday approved a new urea policy aiming to increase domestic production by 2 million tonnes and reduce its subsidy bill by over Rs 4,800 crore annually, but decided not to raise retail prices.

  • 14 Bidders in Fray for LNG Subsidy to Stranded Power Plants

    14 Bidders in Fray for LNG Subsidy to Stranded Power Plants

    The government on Tuesday started the auction for subsidy to import natural gas for restarting the stranded power plants, with 14 bidders including GMR, GVK and Lanco in the fray.

  • Bids for Subsidy by Gas Power Projects Postponed

    Bids for Subsidy by Gas Power Projects Postponed

    The process of bidding by stranded gas-based power projects for government subsidy support to purchase expensive imported LNG to restart stalled plants has been postponed till Tuesday.

  • LPG Subsidy Not to be Taxed: Finance Ministry

    LPG Subsidy Not to be Taxed: Finance Ministry

    The Finance Ministry on Tuesday clarified that LPG subsidy received by individuals in their bank accounts will continue to be exempt from income tax.

  • Experts Seek Clarification on Taxability of LPG Subsidy

    Experts Seek Clarification on Taxability of LPG Subsidy

    Taxability of LPG subsidy and other benefits paid directly into the bank accounts of beneficiaries is unclear with tax experts divided on the issue and want an explicit clarification from the government.

  • ONGC, Oil India Gain on Buzz of Subsidy Sharing Removal

    ONGC, Oil India Gain on Buzz of Subsidy Sharing Removal

    So far, ONGC, Oil India and Gail had to share a part of their profits to finance the subsidy burden of downstream firms such as Indian Oil, BPCL and HPCL. But, a dramatic drop in prices of global crude will likely limit the subsidy to manageable amou...

  • Sensex Jumps 350 Points; Nifty Nears 8,300 on MAT Clarification

    Sensex Jumps 350 Points; Nifty Nears 8,300 on MAT Clarification

    ONGC was the top Nifty gainer, rising over 2.5 per cent gains, on reports that the government will not ask upstream companies such as ONGC and OIL to share the subsidy burden on account of selling LPG and kerosene at below market prices. Oil India tr...

  • Government to Pursue Subsidy Reforms to Contain Deficit

    Government to Pursue Subsidy Reforms to Contain Deficit

    As per the fiscal consolidation road map of the government, fiscal deficit is to be brought down to 3.9 per cent of GDP in 2015-16 and further to 3.5 per cent in 2016-17.

  • Anil Ambani Gives Up LPG Subsidy, Urges 1 Lakh Workers to Follow

    Anil Ambani Gives Up LPG Subsidy, Urges 1 Lakh Workers to Follow

    Mr Ambani joins a host of industry leaders, including Mukesh Ambani, Anand Mahindra, Anil Agarwal, Gautam Adani, Uday Kotak and Kishore Biyani, who have rallied behind PM Modi's call to well-to-do people to give up buying LPG at below market price so...

  • Government Exempts ONGC, Oil India From LPG Subsidy Payments

    Government Exempts ONGC, Oil India From LPG Subsidy Payments

    The government regulates price of cooking fuels LPG and kerosene to shield the poor. The difference between the cost and the retail selling price, called under-recoveries, is borne by the government by way of cash subsidy and upstream producers like ...

  • Government to Pay For ONGC, OIL Q4 Fuel Subsidy: Report

    Government to Pay For ONGC, OIL Q4 Fuel Subsidy: Report

    Under-recoveries, or revenue retailers' loss on selling fuel below cost, of Rs 67,091 crore in first nine months of the fiscal were fully accounted for by the subsidy support and dole out from upstream firms like ONGC.

  • New Interest Subsidy Scheme for Farmers on Anvil: RBI

    New Interest Subsidy Scheme for Farmers on Anvil: RBI

    A week after the Prime Minister announced higher compensation for damaged crops, the Reserve Bank of India (RBI) on Thursday said a new scheme for interest subvention for farmers is being worked out though it may take "some time".

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