-The Times of India NEW DELHI: The government is all set to announce a national rollout of direct benefit transfer (DBT) of cooking gas subsidy in Aadhaar-using states from January, despite Oil Marketing Companies pointing out several shortcomings in the current system. The decision was taken at a meeting convened by petroleum minister VeerappaMoily on Tuesday and a formal announcement is expected in the next few days, senior government officials told TOI....
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Oil subsidy expected to balloon-Shine Jacob
-The Business Standard Under-recovery estimated to touch Rs 1.5 lakh cr in FY14 due to rising crude oil prices & falling rupee The fall in the rupee to a new low this week has made the government jittery, as the under-recovery on petroleum products is threatening to touch Rs 150,000 crore in 2013-14, despite phased diesel decontrol and capping of subsidised cooking gas cylinders. According to the petroleum ministry's estimates, for every rupee...
More »Direct benefit transfer for LPG crosses 1-million mark-Shine Jacob
-The Business Standard Till now, govt has transferred Rs 41 crore to bank accounts of LPG consumers in 'select' districts With the direct benefit transfer (DBT) for liquefied petroleum gas (LPG) almost completing a month, the scheme has so far roped in more than one million consumers getting direct cash transfers to their bank accounts in 18 districts across the country. Till now, the government has transferred Rs 41 crore to the accounts...
More »LPG use in country falls due to cap on subsidized cylinders -Rajesh Chandramouli
-The Times of India CHENNAI: A tight vigil against diversion of subsidized fuel meant for domestic use seems to be paying off. The consumption of liquefied petroleum gas (LPG), commonly called cooking gas, has started to dip since government capped sale of subsidized cylinders to every household and for the first time ever, sales have fallen for two successive months in comparison to the corresponding period of the previous year. Consumption...
More »DBT scheme to be launched in 20 districts-Sujay Mehdudia
-The Hindu It is likely to be extended to entire country from October The Petroleum and Natural Gas Ministry on Wednesday announced that the Direct Benefit Transfer (DBT) scheme for the LPG consumers, putting subsidy cash directly into the account of beneficiaries, would be launched in 20 districts with high Aadhaar card penetration from June 1. The scheme is likely to be extended to the entire country from October this year. However, the...
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