Arun Jaitle

Under attack for not passing on benefits of fall in crude prices to consumers, Finance Minister Arun Jaitley on Monday said the savings are being used for developing infrastructure to push growth and create jobs besides enabling oil marketing companies meet their losses that once stood at Rs 30,000 crore.

Prime Minister Narendra Modi is scheduled to visit Jammu and Kashmir for a day on July 17, officials said today.

Jaitley said that appropriate regulations for IFCs would be issued in March.

Under attack for not passing on benefits of fall in crude prices to consumers, Finance Minister Arun Jaitley on Monday said the savings are being used for developing infrastructure to push growth and create jobs besides enabling oil marketing companies meet their losses that once stood at Rs 30,000 crore.

Prime Minister Narendra Modi is scheduled to visit Jammu and Kashmir for a day on July 17, officials said today.

Jaitley said that appropriate regulations for IFCs would be issued in March.