Should India be able to decouple itself from US Subprime Impact?

Thursday, October 11, 2007

Govt approves oil bonds worth $5.97 bn

NEW DELHI: Cabinet on Thursday approved the issue of oil bonds worth $5.97 billion to state-run oil firms to compensate them for selling fuel at below market prices in the financial year 2007/08, Oil Secretary M S Srinivasan said.

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