For LPG and kerosene subsidy, government has to make up from petrol, says Montek Singh Ahluwalia he government should use its money on building schools and hospitals than subsidising oil companies, which were making huge profits because of grant, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said. “The profits shown by the oil companies are largely due to subsidies. We are not supposed to be subsidising the oil companies ... we...

Even as acrimony continues to haunt the status of the Women's Reservation Bill, the Petroleum Ministry has gone ahead with its own scheme of things to “empower” rural Indian women making it mandatory for 50 per cent ownership by women of cooking gas dealerships under the Rajiv Gandhi Gramin LPG Vitrak Yojana. The government is also considering sops to the Below Poverty Line population to encourage it to use the eco-friendly...

Union Petroleum and Natural Gas Minister Murli Deora inaugurated the Rajiv Gandhi Grameen LPG Vitarak Yojana as a national scheme for providing liquefied petroleum gas to the rural households at Lachhmangarh in Sikar district of Rajasthan on Sunday. Six dealers were selected for rural locations in the State through draw of lots. Addressing the gathering, Mr. Deora said the Union Government was committed to providing convenient and hygienic cooking fuel to...

At a time when other countries are cutting down ethanol admixing with vehicular fuel due to tightening supplies of alcohol, India, oddly enough, is doing the reverse. The Union government has forced the states to raise ethanol doping of petrol from 5 per cent to 10 per cent immediately and has set the target of hiking it further to 20 per cent by 2017, least realising that the sugar industry,...

The 13th Finance Commission (TFC) has recommended a return to fiscal consolidation and reform in expenditure management. It has also suggested the Centre offer states a share of revenue raised from levies such as cesses and surcharges, according to people familiar with the report. TFC, a statutory body tasked with suggesting ways in which taxes should be shared between the Centre and states and drawing up a road map towards fiscal...