The finance ministry on Tuesday said it does not expect a cut in dividend from oil marketing companies despite these retailers absorbing Rs 1 per litre from last week.
Economic Affairs Secretary in a tweet said there is no plan for reduction in subsidy and disinvestment target will also be met.
He was reacting to reports of reduction of dividend from oil marketing companies, subsidies cut, lesser disinvestment revenue etc during this fiscal from the Budget estimates.
“…This is completely fabricated. Nothing of this is true at all,” he tweeted. As far as disinvestment is concerned, the government has set an ambitious target of Rs 80,000 crore for the current financial year. Read More
Latest posts by ET Energy World (see all)
- Renewable energy firm Leap Green to raise $250 million to fund expansion - October 20, 2018
- Petrol prices cut by 39 paise in Delhi, diesel goes down 12 paise - October 20, 2018
- Nuclear energy seminar at Institute for Plasma Research from Monday - October 20, 2018