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India budget-Petroleum subsidy seen sharply lower in 2014/15
February 17, 2014 / 7:00 AM / 4 years ago

India budget-Petroleum subsidy seen sharply lower in 2014/15

NEW DELHI, Feb 17 (Reuters) - India’s Finance Minister P. Chidambaram told parliament that the country’s petroleum subsidy would be contained at 634.27 billion rupees in 2014/15, from a revised figure of 854.8 billion rupees in the current fiscal year.

Chidambaram was presenting an interim budget to tide public finances over until a new government is formed after elections due by May.

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