-Outlook The Goa government today announced a subsidy on domestic LPG cylinders for people blow an annual average income of Rs 3 lakh. The state civil supplies minister Dayanand Mandrekar told PTI that families below an annual average income of Rs 3 lakh will get additional six LPG cylinders per year on subsidised rates. He said that 12 LPG cylinders, including six subsidised by the union government would be made available for these...
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Food Minister KV Thomas writes to PM against LPG cap, diesel price hike
-CNN-IBN Food Minister KV Thomas has written to Prime Minister Manmohan Singh against LPG cap and diesel price hike. “The decision to raise diesel price as well as to keep number of subsidised cooking cylinder at six a year will not go well with the middle class,” he said in the letter. He said the government should charge only Rs 50 extra for consumers seeking between 7 to 12 LPG cylinders per household...
More »Subsidy bill may touch 2.4% of GDP: FM
-The Indian Express The subsidy bill in the current financial year is expected to rise to 2.4 per cent of the GDP from 1.9 per cent estimated in the Budget, Finance Minister P Chidambaram said today. "The estimated major subsidies in 2012-13 would be around 2.4 per cent of GDP," he said while intervening in a discussion at the meeting of the Full Planning Commission to approve the 12th Plan draft document. The...
More »New gas cylinders to be available only after strict checks- Rajeev Jayaswal
-The Economic Times Cooking gas dealers will no longer be able to enroll new customers as the government has centralised the process and asked the state firms to approve fresh applications after verifying that the applicant does not have multiple connections from different agencies. "Customers can submit applications for a new connection to a local distributor with valid documents but it will only be processed and approved by oil companies after verification...
More »Govt targets cheap cooking gas-R Suryamurthy
Plans are afoot to cap the number of subsidised LPG cylinders at six to eight per annum to reduce the losses of state-run oil firms and bring down the burgeoning subsidy bill. Oil ministry officials said consumers might have to pay more for every additional cylinder, and the amount would be gradually linked to market rates. Sources said the finance ministry had asked the oil ministry to revisit its proposal made last...
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