India raises subsidy on cooking gas ahead of election

* Govt raises cap on subsidised cooking gas cylinders * RBI chief cautions from expanding "misdirected" subsidies * Govt battling weak finances due to high subsidy spending NEW DELHI, Jan 30 (Reuters) – India's coalition government on Thursday increased the subsidy on cooking gas, acceding to popular demand as it approaches a national election due by May.

Brought to you by Yahoo! News. Read the rest of the article here

Speak Your Mind