-The Hindu Minister has been resisting Mukesh Ambani on gas prices, audit S. Jaipal Reddy — the minister who took on Mukesh Ambani in a regulatory battle on gas prices that saved the exchequer thousands of crores of rupees — is set to be divested of the crucial Petroleum and Natural Gas portfolio, The Hindu has learnt. Mr. Reddy, who took over from Murli Deora in January 2011, resisted and then rolled back...
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Now, govt. okays multiple LPG connections -N Ravi Kumar
-The Hindu New norms come after many households in city surrender additional permit Here’s some relief to large households worried about restrictions on LPG connections. They need not surrender the additional connection. As per the new norms announced by the Ministry of Petroleum and Natural Gas on Friday, consumers can retain multiple connections but will have to shell out more for the cylinders. They will be priced thrice as much as the subsidised...
More »By July, cash transfers for cooking gas -Siddharth
-The Times of India Come July and you will have cash equivalent to your cooking gas subsidy in your bank account, marking the biggest shift in delivery of handouts which could help government curb leakages and reduce the strain on public finances. The switch is part of the ambitious three-phase deadline set by Prime Minister Manmohan Singh to make the "kind-to-cash" transition based on the Aadhaar numbers. At a meeting chaired by Pulok...
More »Sibal writes to Jaipal on LPG subsidy-Aarti Dhar
-The Hindu “If it is withdrawn, Centre will need to compensate States for increased cooking fuel cost” Unable to get an exemption for the cooking gas cylinders used for the Mid-Day Meal Scheme in the wake of a steep hike in the prices of domestic gas, Union Human Resource Minister Kapil Sibal has suggested that the Petroleum Ministry consider providing subsidised LPG cylinders for the current fiscal year. “It might be preferable at...
More »Single price for LPG, norms direct subsidy transfer soon
-The Business Standard A decision has been taken to gradually initiate Aadhaar and non-Aadhaar based LPG subsidy transfer through the OMCs Having capped subsidised LPG cylinder to six, the government plans to move to a single price for domestic LPG by directly transferring subsidy to consumers with or without Aadhaar number. A committee of officials from ministries of petroleum, banking, expenditure, finance and UIDAI will prepare a white paper on the modalities...
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