Government Subsidy – Where Does the Money Go..??

As the government prepares to present the budget for 2017-18 in next few weeks, all eyes would be on whether it tries for fiscal consolidation or gets into a populist mode. One of the items facing considerable attention is outgo on subsidies which has risen sharply from little over Rs 70,000 crore in FY08 to … Continue reading Government Subsidy – Where Does the Money Go..??
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Results Analysis – Petroleum Refining sector..

Declaration of results for June’16 quarter by Indian Oil (IOC) and Bharat Petroleum (BPCL) earlier this week completed the results season for the sector. The sector had a good run with 21% increase in profits even though sales came down marginally by 2% as per the standalone financials of listed companies. Aggregate revenue for the … Continue reading Results Analysis – Petroleum Refining sector..
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Gas Pricing – Another Power Sector achievement..

  India has nearly 24,000 mw of natural gas based power plants. Till about a year back, about 14,000 mw of them were lying completely idle whereas the remaining 10,000 mw were running at an average PLF (capacity utilization) of 30-40% due to high price of gas. (My Second in the series on Power sector … Continue reading Gas Pricing – Another Power Sector achievement..
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