-PTI NEW DELHI: The government is working on a policy to bring down the annual oil import bill by $100 billion by 2030 through extensive use of methanol in cooking gas and transportation fuel, union minister Nitin Gadkari told Lok Sabha on Thursday. The government was "shortly" going to implement a scheme under which 15 per cent methanol will be blended with petrol and which will reduce the cost of the fuel...
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Nervous over rising crude, government ends monthly LPG price hike -Sanjay Dutta
-The Times of India NEW DELHI: In a clear indication of the nervousness over rising oil prices evoking popular anger, the government has asked state-run fuel retailers to stop raising the price of subsidised cooking gas cylinders by Rs 4 a month. The order was issued in October, around the same time the government cut excise duty on petrol and diesel by Rs 2 per litre to stave off rising consumer anger...
More »Rs 47-crore LPG subsidy deposited in Airtel bank accounts 'opened without consent' -Sanjeev Choudhary
-The Economic Times More than 23 lakh customers have received cooking gas subsidy of Rs 47 crore in their respective Airtel Bank accounts they don’t seem to have opened, prompting the government to intervene even as the top mobile operator denied any wrongdoing. Consumers receive cooking gas subsidy in their bank accounts linked to their unique biometric identity, or Aadhaar. But after several consumers lately complained about not receiving subsidy, it emerged...
More »Do not force bankers to do Aadhaar seeding: bank officers' body
-The Hindu Business Line AIBOC questions legality of mandating UID linking of accounts Coimbatore: The All India Bank Officers’ Confederation (AIBOC) wants Aadhaar seeding of accounts put on hold till the Supreme Court comes out with a clear directive. “The government should make it clear to the people that the seeding of Aadhaar is voluntary and not mandatory,” said D Thomas Franco, General Secretary, AIBOC. He said the Aadhaar Act of 2016 was meant...
More »The Curious Case of the World Bank and Aadhaar Savings -Anand Venkatanarayanan
-TheWire.in The World Bank’s estimate that Aadhaar has the potential to save $11 billion in subsidies every year has repeatedly been used by the Centre to justify the programme. But does this figure hold up under close scrutiny? Evidence-based policy-making usually proceeds by outlining the problem at hand, discussing various solutions, conducting studies to understand the effectiveness of these solutions and then prescribing a course of action based on accumulated evidence. It’s safe...
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