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Govt mines tax data to prune LPG subsidy list -Jyoti Mukul & Sudheer Pal Singh

-Business Standard Petroleum ministry went through the list of consumers in affluent areas to find only 3% earning over Rs 10 lakh/year had surrendered their cooking gas subsidy The government is monitoring people earning over Rs 10 lakh a year who have not given up their cooking gas subsidy. Income tax data was being examined in affluent areas, Petroleum Minister Dharmendra Pradhan told Business Standard. This year's Economic Survey said Rs 1 lakh...

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India pushes GM’s frontier again with mustard, but what’s inside it? -Zia Haq

-Hindustan Times In Bollywood romcoms, mustard fields glowing iridescent yellow are an oft-used backdrop for romantic songs. Remember the iconic 1995 hit, Dilwale Dulhaniya Le Jayenge Mustard, as it were, is an onscreen metaphor for vigour and youthful passion. However, looked through a farm scientist’s lens, the traditional Indian mustard isn’t genetically very impressive. It is only half as robustly growing as its east European cousins. Low yields mean India has to...

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No more LPG subsidy if you earn above Rs 10 lakh a year

-The Times of India NEW DELHI: There will be no subsidy for cooking gas cylinders if either the registered consumer, or his/her spouse have an annual taxable income of more than Rs 10 lakh, the oil ministry announced on Monday. The cap will come into effect from next month. To begin with, the new criteria will be applied on the basis of self-declaration at the time of booking a refill in keeping...

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Government looking at stripping the rich of LPG subsidy -Surojit Gupta & Sanjay Dutta

-The Times of India NEW DELHI: The government is looking at taking rich households out of LPG subsidy scheme with the aim of freeing up resources to provide clean kitchen fuel to more poor families and ensure socially responsible use of public money. While no final decision has been taken yet, the issue has certainly emerged as a discussion point within the top levels of the government. "I humbly submit that the time...

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LPG subsidy transfer: Centre’s savings not more than Rs 143 cr, while it claims Rs 12,700 cr -Udit Misra

-The Indian Express The NDA initially reintroduced DBT for LPG in 54 districts in mid-November 2014, with nationwide roll out to all districts from January 2015. A study by the International Institute for Sustainable Development (IISD) states that the government’s claims of savings due to a shift towards direct benefit transfer (DBT) for LPG (also called PAHAL) are “large overestimates”. IISD has shown that as against the publicly touted figure of...

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