-The Hindustan Times As Prime Minister Manmohan Singh and his team pull out all stops to shake off criticism of policy paralysis with a string of reform measures, rising prices and sliding growth continue to remain key worries. A Hindustan Times survey, one of the largest of its kind covering 28,395 respondents across 13 cities, shows nearly two in three (62.7%) of the people surveyed said that high food prices were hurting...
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Cap on subsidized LPG may go after persistent demands
-The Times of India The government may raise the annual cap of six cylinders on subsidized cooking gas after the petroleum minister faced persistent demands from Congress leaders at the party conclave in Surajkund on Friday. The limit on subsidized LPG cylinders could go up to nine cylinders, and to 12 closer to elections. While Congress had in September expressed discomfiture with the decision to put a limit on subsidized cylinders, it...
More »Delhi govt approves 3 extra LPG cylinders to the poor
-The Times of India The Delhi government on Wednesday approved the proposal to supply three additional subsidized LPG cylinders annually to about 3.56 lakh poor families under the kerosene-free Delhi scheme. The Centre had decided in September that each household will get six cylinders of 14.2kg per annum at subsidized rates, and any purchase beyond that would be at the market rate. The market rate of an LPG cylinder is Rs 895.5,...
More »Bank account must for subsidised LPG cylinders -Anupama Airy & Aloke Tikku
-The Hindustan Times It will be mandatory for LPG connection-holders to have a bank account, and later an Aadhaar number, to claim the annual subsidy of about Rs. 3,000 for six cylinders. A senior government official told HT that the approval of the Cabinet will be sought shortly to introduce the rule, which will apply to all families. Once it comes into force, you will have to pay the full cost of the subsidised...
More »Dithering on all cylinders
-The Business Standard The sorry implications of the LPG price rollback Following the government’s decision to increase the price of diesel and introduce a cap on the number of subsidised gas cylinders available for household use in September, there was a reasonable amount of hope that the United Progressive Alliance (UPA) had learned some lessons. First, that it was essential to reduce the fuel subsidy bill, the most obvious component of the...
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