Raise LPG price by R50, diesel by R4, says Kelkar

New Delhi The Vijay Kelkar committee has outlined a programme for the Centre to keep its budget deficit in check for the next three years, leaving the 14th Finance Commission (2015-2020) to decide on the action required in subsequent years.

The committee set up by the finance minister P Chidambaram for drawing a new fiscal consolidation road map, has proposed calibrated hikes in diesel and LPG prices, proactive disinvestment and measures to increase revenue buoyancy.