Target-based subsidy will help government reduce its subsidy bill and cut fiscal deficit. Finance minister Pranab Mukherjee in his last budget had announced that the government would bring down fiscal deficit to 5.5 per cent of GDP in 2010-11.
The country’s largest oil marketing company, Indian Oil Corporation (IOC) has lined up capital expenses of Rs 14,500 crore for the next financial year. In addition, IOC proposes to
The government has formed a five- member committee.
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