Profit

'Hike in subsidy burden of oil cos to hit investors'

PUBLISHED ON: May 24, 2011 | Duration: 23 min, 59 sec

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Kirit S Parekh, chairman at Irade says taxes should be lowered on diesel and subsidy on the fuel should be restricted. Sanjiv Prasad, executive director and co head at Kotak Institutional Securities says the investors will be hit by the government decision to raise subsidy burden for upstream oil firms.
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