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Cost hikes in Vidarbha irrigation projects violated rules, reveals probe report -Meena Menon

-The Hindu Maharashtra government was well aware of these irregularities in 2010, but chose not to act   The Maharashtra government was well aware in 2010 of the gross irregularities in Vidarbha’s irrigation projects after a damning report by retired Water Resources Secretary Nandkumar Vadnere, who examined 11 major dams, 27 medium ones and 53 small projects as part of a one-member inquiry committee. In the second part of his report, Mr. Vadnere...

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LPG price up by Rs 11.42 after dealer commission is marked up; petrol, diesel rates may go up

-PTI The price of liquefied petroleum gas (LPG) used as cooking gas has been increased by Rs 11.42 per cylinder after the government decided to raise the commission paid to dealers. Petrol and diesel prices may also go up marginally as the oil ministry is thinking of raising the dealers’ commission by at least 23 paisa and 10 paisa a litre respectively. On Friday, the ministry issued orders raising the commission paid to...

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Oil PSUs: Decoding the math of loss or under-recovery and what it means-Avinash Celestine

-The Economic Times How right was the government when it stated that the under-recoveries posed a threat to 'our national economy'? Or when the government says that it gave more to the sector in the form of subsidies than it earned as fuel taxes? The government would also like you to believe that the under-recoveries, dependent as they are on the price of crude in the international market, and the exchange...

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Govt cushions impact of subsidy waiver of LPG

-The Times of India In a relief to consumers, the home minister P Chidambaram on Friday announced abolishment the import and excise duties on non-subsidized domestic LPG cylinders, bringing down their price by Rs 97 a unit in Delhi. It also asked states to subsidize LPG cylinders. The government had last week restricted supply of subsidized cooking gas to six per household in a year. Any requirement beyond this was to be...

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Government makes non-subsidised LPG cylinders cheaper by around Rs 100

-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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