Seven dead, more than 1000 injured in mass protests against abolition of fuel subsidies in Ecuador
A total of 1,152 people were detained, seven were killed, 1,340 were injured. Ecuadorian President Lenin Moreno had on Saturday placed the national capital under curfew and military control following several days of mass protests against his decree cancelling fuel subsidies.
Oct 14, 2019, 06:49 AM IST
India returned to fiscal consolidation in 2016-17: IMF
Notwithstanding the impact of demonetisation, India returned to fiscal consolidation in the fiscal year 2016-17 largely due to the near-elimination of fuel subsidies and enhanced targeting of social benefits, the IMF said on Wednesday.
Apr 19, 2017, 20:42 PM IST
Iran raises gas prices by 40% in subsidy cut: Report
Iran will raise gasoline prices by some 40 percent, the country's official news agency reported, the latest cut to the Islamic Republic's fuel subsidies that cost it some USD 32 billion a year.
May 25, 2015, 18:19 PM IST
Oil price slide tests unconventional oil producers - IEA
Falling crude prices are an unprecedented test for producers of unconventional oil and a golden opportunity for governments to phase out costly subsidies, the head of the International Energy Agency (IEA) said on Monday.
Dec 01, 2014, 21:09 PM IST
Splitting subsidy with oil producers credit positive: Moody's
Global rating agency Moody's Investors Service said Monday that the oil ministry's plan to divide fuel subsidies equally between the government and the two state-owned upstream oil and gas producers namely ONGC and Oil India, is credit positive for both companies.
Sep 01, 2014, 22:14 PM IST
India should gradually reduce fiscal deficit: IMF official
To bolster economic growth, India should continue to gradually bring down the fiscal deficit and usher in fuel subsidy reforms, a senior International Monetary Fund official said.
Jun 11, 2014, 16:36 PM IST
