India's subsidies to petrol and diesel between October 2018 and June 2019 amounted to almost three times the three-year government budget for electric vehicle (EV) support, a new study revealed on Thursday.
New Delhi: Rating agency Fitch Monday said government may have to shift part of the soaring oil subsidy bill of the current financial year to the next fiscal.The government had allocated Rs 65,000 crore for
New Delhi, Nov 15: “Fuel subsidies are perverse,” Rural Development Minister Jairam Ramesh said today amid the uproar over petrol price hike, as he pointed out that government spends roughly Rs 1,10,000 crore on such
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