Press Trust of India | Sunday March 1, 2015
Prime Minister Narendra Modi on Sunday said the landmark scheme to give LPG consumers cash subsidy instead of selling to them below market priced cooking gas has stopped leakages, saving thousands of crores of rupees.
Wednesday February 18, 2015
The direct benefit transfer could help the government save as much as Rs 25,000 crore in food subsidy expenditure by eliminating costs associated with procuring, distributing and storing foodgrains, the research house says.
Press Trust of India | Thursday February 12, 2015
A total of Rs 15,981 crore in revenue was lost by fuel retailers on selling PDS kerosene and domestic LPG at government-controlled rates in October-December. Of this, the Finance Ministry issued letter providing for less than one-third of this as cas...
Saturday January 31, 2015
Prime Minister Narendra Modi on Saturday reviewed the progress of implementation of the scheme for paying subsidy on cooking gas (LPG) directly into bank accounts of consumers.
Wednesday January 14, 2015
Fertilizer Minister Ananth Kumar on Wednesday announced he will give up buying subsidised cooking gas (LPG) and requested all those who don't need the subsidy to join the initiative.
India News | Press Trust of India | Saturday January 10, 2015
In a unique drive, Oil Minister Dharmendra Pradhan is making personal calls to one prominent person every day to request them to give up buying subsidised cooking gas (LPG).
Saturday January 10, 2015
In a unique drive, Oil Minister Dharmendra Pradhan is making personal calls to one VIP every day to request them to give up buying subsidised cooking gas (LPG).
Friday January 9, 2015
Setting an example, Finance Minister Arun Jaitley has voluntarily given up use of subsidised LPG, joining a growing list of well-to-do people who have opted to buy cooking gas at market rate.
Wednesday December 31, 2014
LPG consumers across the country will from January 1 get cash subsidy directly into their bank accounts so that they buy the cooking fuel at market price.
Wednesday December 17, 2014
Public sector oil marketing companies (OMCs) have given an option to existing LPG consumers to surrender their subsidy and switch to buying cooking gas at market price, Mr Pradhan said in a written reply in the Rajya Sabha.
Tuesday December 16, 2014
Beginning new year, LPG consumers across the country will start getting cash subsidy so that they can buy the cooking fuel at market price.
Tuesday December 16, 2014
The government on Monday made it clear that Aadhaar number was not mandatory for transfer of subsidy amount of LPG cylinder and the option of providing a bank account is also available under the Direct Benefit Transfer of LPG (DBTL).
Sunday November 23, 2014
A reduction of the scope of subsidies currently being provided to well-off people appears to be on the anvil with Finance Minister Arun Jaitley questioning the justification of "unquantified" subsidy amounts to "unidentifiable" sections.
Friday November 21, 2014
Jaitley said: "Once political leadership, particularly the man on the top, has decisiveness, the most complicated of the decisions will also become simple.
Thursday November 6, 2014
A modified direct cash subsidy transfer scheme for LPG consumers will be launched in 54 districts from November 15 and all over the country from January 1.
Friday October 24, 2014
The government has no plans to curtail supply of subsidised cooking gas (LPG) from the current 12 cylinders per household in a year even as it looks to give cash subsidy to consumers across the country by June.
Opinion | IP Bajpai | Thursday August 21, 2014
Destined to fail, writes IP Bajpai.
Wednesday August 13, 2014
IOC lost Rs 15,328.34 crore on selling diesel, domestic LPG and kerosene at government controlled rates in April-June this year. The government made good about 40 per cent of this by way of cash subsidy of Rs 6,076 crore. It got another Rs 8,107.21 c...
Monday August 11, 2014
Fuel retailers sell diesel, domestic LPG and kerosene at government controlled rates which are below market price. The loss they thus incur is made good through cash subsidy from the government and dole from upstream firms like ONGC.
Friday July 4, 2014
The Oil Ministry is likely to move the Cabinet Committee on Political Affairs (CCPA) soon with an expert panels recommendations of raising kerosene price by Rs 4 per litre and cooking gas (LPG) rates by Rs 250 per cylinder.
Tuesday June 24, 2014
For diesel, the subsidy estimated is Rs 35,736 crore but this will come down if the monthly increases continue as planned, sources said.
Thursday May 22, 2014
As subsidy bill balloons to $26 billion and oil and natural gas production stagnates, the Oil Ministry feels national oil companies like ONGC are losing focus on their core competence has led to this insipid situation.
Friday January 24, 2014
The Cabinet Committee on Economic Affairs (CCEA) may raise the subsidised LPG (liquefied petroleum gas) cylinder quota from 9 to 12 per household per year at the next meeting, Petroleum Minister M Veerappa Moily said on Friday.
Tuesday January 21, 2014
With Congress vice president Rahul Gandhi pitching strongly for a higher LPG cap, Oil Minister M Veerappa Moily today said the Cabinet is likely to consider increasing the quota of subsidised cooking gas cylinders to 12 from nine per household this w...