Moody’s warns govt against diesel price rollback
"If the government rolls back a part of the hike, as some coalition partners and members of opposition parties have demanded, the decline in subsidies will be smaller," Moody's said in its credit outlook report.
Battling huge fuel subsidy payout, the government raised diesel prices last week, the first time since June 2011, by Rs 5 a litre.
Moody's statement came on a day when opposition parties observed a nation-wide strike to protest against the price hike and government's move to operationalise its decision on allowing foreign direct investment in multi -- brand retail.
Moody's said the price hike would lower government's subsidy burden by Rs 20,000 crore in the current fiscal to an estimated Rs 1.7 lakh crore.
BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.
Date 23-02-14, Duration 1:43, Views 43222
Date 23-02-14 1:43
Tooltip Information:AAP's alliance with Cong. a suicide: BJPVideo by:Description: BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.Rating: 3.22Views: 43222
Date 26-04-14 4:34
Tooltip Information:Ramdev says Rahul goes to Dalit houses for picnics, Cong. reactsVideo by:Description: Yoga guru Baba Ramdev made a shocking statement on Friday that Congress vice President Rahul Gandhi goes to Dalit houses for picnics and honeymoon. Ramdev who is supporting the BJP in the Elections 2014 made the objectionable comments during a press conference in Lucknow. He attacked Rahul Gandhi's 'single' status saying that Rahul wanted to marry a foreigner but was stopped by his mother Congress Chief Sonia Gandhi. He further went on to say that Sonia Gandhi asked Rahul not to get married until he becomes the prime minister. Meanwhile, the Congress party has condemned the statement.Rating: 4.52Views: 9060
Date 11-04-14 3:09
Tooltip Information:CNN-IBN and Microsoft Analytics Center for LS 2014 ElectionVideo by:Description: Largest technology brand Microsoft has joined hands with India’s biggest media Channel CNN-IBN to set up an elections analytics center to help decode the Indian electionsRating: 4Views: 2961
Date 10-04-14 0:55
Tooltip Information:Microsoft and CNN-IBN Join Hands to Analysis the LS 2014 Polls TrendsVideo by:Description: World's largest technology brand Microsoft has joined hands with India’s biggest media Channel CNN-IBN to analyse the Lok Sabha elections 2014 trends.Rating: 4Views: 2482
Date 15 hrs ago 2:10
Tooltip Information:Rahul slams Modi govt over price riseVideo by:Description: Congress Vice-President Rahul Gandhi on Friday took a dig at the Narendra Modi-led government at the Centre for failing to control the rising prices. Talking to mediapersons in Amethi, he said that there is a difference between what they say and what they do.Rating: 4Views: 0
Date 15 hrs ago 3:42
Tooltip Information:Rahul says Maharashtra Sadan row exposes Shiv Sena and BJP ideology, BJP slamsVideo by:Description: Congress Vice-President Rahul Gandhi on Friday blamed the Shiv Sena and BJP for the Maharashtra Sadan controversy where a Muslim staffer was force fed by a Shiv Sena MP. He also said that the ideology of Shiv Sena and BJP has been exposed after the incident. However, the BJP slammed Congress vice-president for giving the incident political colour.Rating: 4Views: 0