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SLIPPING ON OIL: Public sector oil marketing companies face tough times.

SLIPPING ON OIL: Public sector oil marketing companies face tough times.

Govt warns, sees oil firms losing Rs 45,478 cr

Public sector oil marketing companies will incur a loss of Rs.45,478 crore in 2009-10, Petroleum Minister Murli Deora has told the Parliamentary Consultative Committee of his ministry. Chairing a meeting in New Delhi on Thursday evening, Deora said the oil marketing companies "incur under-recoveries of Rs.3.10 per litre of petrol, Rs.2.55 per litre of diesel, Rs.17.30 per litre of kerosene and Rs.241 on each 14.2-kg cylinder" of cooking gas in Delhi.

Watch: All PSUs to be listed, says Govt

Govt is disinvesting 10 pc equity in all profitable, listed, public sector firms.

http://ibnlive.in.com/videos/104660/watch-all-psus-to-be-listed-says-govt.html

HOME LOAN SHOPPING: People wait for transactions at a bank counter in Srinagar.

Home loans cheaper as PSU banks cut rates

PSU banks will offer special rates on some loans to homebuyers and small businesses.

http://www.ibnlive.com/news/home-loans-cheaper-as-psu-banks-cut-rates/80585-7.html

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