-PTI In a marginal relief to consumers, the government on Friday abolished import and excise duties on LPG cylinders they buy beyond the 6 per annum quota of subsidised Cooking gas, and asked state governments to subsidise the requirements of households at their level. The government had last week restricted supply of subsidised Cooking gas to 6 per household in a year. Any requirement beyond this was to be purchased at market...
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Cooking gas cap may fuel black marketing-Rajeev Jayaswal
-The Economic Times The government's decision to cap supply of subsidised Cooking gas cylinders to six a year would be difficult to implement and encourage black marketing, oil industry officials said. There could be an opportunity to divert cheaper cylinders from customers whose yearly consumption is less than six refills, industry officials said. According to the oil ministry 44% of consumers take six cylinders or less in a year. All India LPG Distributors...
More »Bharat bandh evokes mixed response; train services disrupted
-The Times of India The opposition-sponsored Bharat bandh demanding a rollback of the government's decision to hike diesel prices, cap subsidised Cooking gas cylinders and allow foreign direct investment in multi-brand retail has evoked mixed response across the nation. Besides the NDA and the Left, the Thursday shutdown has the support of parties like the Samajwadi Party, the TDP, the BJD and many others. In Tamil Nadu, the DMK, which is an ally...
More »Accounts of PSU oil companies under scrutiny -Siddharth
-The Times of India The finance ministry has ordered a scrutiny of the books of oil marketing companies to see if the under-recoveries stated by them are in order or not. The move was initiated at the behest of finance minister P Chidamabram, who asked his officers to look into the issue even before diesel prices were raised and a cap on subsidized Cooking gas cylinders was announced last week. The exercise...
More »Reform by transparency
-The Business Standard Gas cylinder cap has lessons for the future Of all the decisions that the United Progressive Alliance government took last week to end a long period of policy paralysis, the one that has caused the least provocation to opposition political parties is the annual capping of the supply of subsidised Cooking gas cylinders. This is surprising, as its net effect on a householder’s annual budget will likely be substantial....
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