New Delhi: India needs to raise prices of subsidised fuels to achieve the budgeted fiscal deficit target of 4.6 percent of GDP for the current fiscal year to end-March 2012, the Prime Minister`s economic adviser C Rangarajan said on Thursday.
New Delhi has budgeted a fuel subsidy bill of USD 5.2 billion for 2011/12, assuming oil prices below USD 100 per barrel. Oil prices are near USD 118 a barrel after OPEC members on Wednesday failed to agree to raise output. To Read Full story – Click Here»
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
