Petroleum subsidy seen sharply lower in 2014/15

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Reuters NEW DELHI
Last Updated : Feb 17 2014 | 12:50 PM IST

NEW DELHI (Reuters) - Finance Minister P. Chidambaram told parliament that India'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.

(Reporting by Frank Jack Daniel)

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First Published: Feb 17 2014 | 12:34 PM IST

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