Ø About 92 per cent of the Rs. 23,300-crore
savings in subsidy payouts by the Petroleum Ministry in 2015-16 was due to the
sharp fall in oil prices, the Comptroller and Auditor-General of India has
found, picking holes in the government’s claims on where these savings actually
came from. The Hindu had on July 20 reported on the CAG’s findings on the
effect of oil prices on the government’s subsidy calculations, prompting a
government denial of the CAG’s findings.
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